<div dir="ltr"><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large;color:#000000">I wonder if Dr. Goodwin has been wrenched along with the rest of his field by findings that people are not rational investors. bill </div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Nov 21, 2022 at 6:09 PM spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div class="msg-2623284396399547176"><div lang="EN-US" style="overflow-wrap: break-word;"><div class="m_-2623284396399547176WordSection1"><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><u></u> <u></u></p><div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(225,225,225);padding:3pt 0in 0in"><p class="MsoNormal"><b>…</b>> <b>On Behalf Of </b>Giovanni Santostasi via extropy-chat<br><b>Subject:</b> Re: [ExI] lotta splainin to do<u></u><u></u></p></div><p class="MsoNormal"><u></u> <u></u></p><div><p class="MsoNormal">Spike,<br><br><u></u><u></u></p><p class="MsoNormal">>…Money is a really fascinating subject…<u></u><u></u></p><p class="MsoNormal"> <br>… <br><br>>…Sorry if it is a long one but I think this is the type of medium where we can have this interesting convo without being restricted to a certain number of words. <br>If some people in the list are not interested they don't have to read but I do enjoy this convo with you, Spike.<br>It is thought provoking.<br>Giovanni <u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">Likewise Giovanni! Ja, that’s the magic of the written word. We do not demand anyone’s attention. This is the comment that made me think of a post I saw somewhere at some point, and I don’t remember where:<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">>…Money is a really fascinating subject…<u></u><u></u></p><p class="MsoNormal"> <br>At one point I didn’t know what to do with my life. I had an engineering degree and an engineering job at the time, but wasn’t sure I was going to make it a career. I went to a movie, which was Ferris Beuller’s Day Off. You might remember that as a funny movie, everything except the truly tragic part, the death of that 61 Ferrari GT. Oh how we car geeks wept.<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">In that movie, a memorable scene solidified forever the words I often use to this day: Anyone? Anyone? Beullllerrrr…<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">But note that the phrase is never actually said in the movie at all. Here’s the scene:<br><br><a href="https://www.youtube.com/watch?v=uhiCFdWeQfA" target="_blank">https://www.youtube.com/watch?v=uhiCFdWeQfA</a><u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">This is remarkable because the actor, Ben Stein, is an actual real-life JD with a Yale education. The boring lecture is anatomically correct, perfectly correct, and really interesting, even if it is supposed to be the classic super boring lecture by an ultra-geek professor. He wasn’t using a script. That was an ad-lib. I wasn’t a business guy, I was an engineer. After I saw that goofy movie, I studied up on the Laffer curve and came damn close to going to graduate school to study economics. Right about that time, my workplace gave me something interesting to do.<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">Turns out… my own childhood friend Barry Goodwin did get his PhD in economics and became a professor of economics at North Carolina State University. I didn’t know what Barry was doing in those years, but it blows my mind that both of us became interested in that topic. We never discussed it as kids. Neither of us had any of it. Economics really is cool. Money is cool.<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">My current theory: it will prove inherently difficult to get fiat money and digital currency to play well together. That will be harder than it looks.<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">spike<u></u><u></u></p></div></div></div>_______________________________________________<br>
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