Here we go! Tweeting our way through #WealthOfNations! It’s a marathon, not a sprint, so be sure to stretch, stay hydrated, and keep a steady pace. #WealthOfTweets #SmithTweets

Today, in #WealthOfTweets, more rude produce, #AdamSmith's opinions about Scottish Cheese, and, to be perfectly honest, an irresponsible amount of poop. #WealthOfTweets #SmithTweets

The second kind of rude produce is the kind humans can produce more of in response to demand. This includes stuff like sheep, 🐄🐄, and fruits & veg that farm well.(I.xi.l.1) #WealthOfTweets #SmithTweets

We don’t bother to cultivate this stuff until we reach a certain level of wealth because it reproduces well on its own. But as we get wealthier, we want more stuff and can pay for it, so it’s profitable to herd and farm these things. (I.xi.l.1) #WealthOfTweets #SmithTweets

But unlike the wild and rare stuff, there’s a limit on the price of this kind of produce, because when the price goes higher, we make more of it, which brings the price back down.(I.xi.l.1) #WealthOfTweets #SmithTweets

(We also find more profitable uses for, say, the wild grazing land, crowd the sheep out, and then *need* to cultivate them.) (I.xi.l.2) #WealthOfTweets #SmithTweet

Yesterday #AdamSmith said things work pretty well when people have perfect liberty to choose a trade and where to practice it? In this half of the chapter he specifies the ways people aren’t at perfect liberty, and whose fault it is. (I.x.c.1) #WealthOfTweets #SmithTweets

And (spoiler) it's government policy’s fault! They restrain competition in some places, increase it in others, and obstruct free movement of labor. (I.x.c.2) #WealthOfTweets #SmithTweets

Many government restraints on competition are “as foolish as can well be imagined.” Like how coachmakers can’t make the wheels for coaches, but wheelmakers can make coaches. (I.x.c.9) #WealthOfTweets #SmithTweets

Lots of the rules he objects to have to do with apprenticeships, which may be one reason he’s not a fan of apprenticeship in general. (I.x.c.11) #WealthOfTweets #SmithTweets

Your labor belongs to you. It’s unjust for anyone to interfere with your sacred right to work. That doesn’t mean they have to hire you, just that it is a violation if a guild or government forbids someone from working. (I.x.c.12) #WealthOfTweets #SmithTweets

Today we're gonna talk about profits. They come from stock! #AdamSmith reminds us that stock is any resource paid for in advance when doing business. In general, profits and wages don't move together. (I.ix.1–2) #WealthOfTweets #SmithTweets

As stock goes up, there's more of it to employ more workers (by paying them or providing machines for them to work or both). This raises wages! But new stock competes with existing stock, which tends to lower profit. (I.ix.2) #WealthOfTweets #SmithTweets

If you thought figuring out the average wages of labor was complicated, don't even think about trying to figure out the average profit of stock. Basically impossible. Luckily, the rate of interest tends to vary with the profits of stock. (I.ix.3–4) #WealthOfTweets #SmithTweets

Lots of laws have tried to control interest rates and stop usury. They've all failed to do either. (I.ix.5–9) #WealthOfTweets #SmithTweets

Profits and wages rising together is unusual, but it happens. In particular, in new colonies. (I.ix.11) #WealthOfTweets #SmithTweets

#WealthOfNations I.ii is all about the secret sauce origin story: why does the division of labor happen in the first place? #AdamSmith illustrates (in part) with doggos to hold our attention. (I.ii.2,5) 🐶 #WealthOfTweets #SmithTweets #DoggosDontTrade

Divsion of labor, Smith said yesterday, is responsible for a whole heckuva lot. But who thought of it? Nobody! It's "not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion." (I.ii.1) #WealthOfTweets #SmithTweets

There's no mastermind behind economic exchange, our "propensity to truck, barter, and exchange one thing for another" (I.ii.1) arises out of our natural tendency to persuade one another and better our condition. #WealthOfTweets #SmithTweets

Yeah, there's a lot in that first paragraph. #WealthOfTweets #SmithTweets

You know what's coming, right? 🍖🍻🍞 Butchers, brewers, bakers: they don't make us things because they love us. They're not our moms. (I.ii.2) #WealthOfTweets #SmithTweets

It's been a whole day since we tweeted Part 2 of this chapter, so let us remind you: #AdamSmith just said that the colonies got nothing that helped them succeed from the mother country. (IV.vii.c) #WealthOfTweets #SmithTweets

So these two opening sentences are pretty heckin’ sarcastic:
Now we've seen the great advantages the colonies got (they got nothing!) (IV.vii.c.1)
So what have been the great advantages to Europe! (IV.vii.c.2)

Seems like there’s a...tone there. #WealthOfTweets #SmithTweets

Europeans buy goods from America, and Americans buy European goods as well. Even countries that don’t trade directly with America have benefited. (IV.vii.c.3–8) #WealthOfTweets #SmithTweets

The mother countries restrict colonial trade (esp the exclusive right to buy from or sell to their colonies). That's a dead weight on the increase of the wealth of nations. Everything is more expensive, everyone enjoys less of it. (IV.vii.c.9) #WealthOfTweets #SmithTweets

Maybe European countries get added security? In ancient times, empires expected military support and revenue from their colonies, and they got it.
18thC colonies? Not so much. (IV.vii.c.11–13) #WealthOfTweets #SmithTweets

The numbers on their face for the @FCC RDOF auction are exciting - lots of Gigabit winners. But it’s important to remember the job is just starting. These rural areas don’t magically get Gig today or tomorrow. 1/

The job is only done and the celebration can really only begin once we see that rural Americans are actually going to get the broadband they’ve been promised. 2/

And that’s the rub here - at least from preliminary indications, there are LOTS of question marks clearly hanging out there once you look past the gloss and proclamations. And since we won’t know for maybe 5 years if it worked, due diligence is essential now. 3/

A number of big winners have offered some service but never done Gig. This would be like giving hundreds of millions of $ to firms that have repaved residential streets to now design & build our interstate highway bridges. 4/

A number of big winners are using tech that has done Gig (maybe) only in tightly controlled applications that don’t look anything like rural America. This would be like giving interstate highway $ to firms who’ve built lots of scale models but never actually built a bridge. 5/

Count Giancarlo Cicogna was a member of the Ciga hotels clan. He was with Ghislaine Maxwell for 4 years. He was 'the man who moulded the Ghislaine we now see. He told her where to get her hair cut, and what to wear.'
https://t.co/XorCl9VKW6

There is a very Ghislaine like character named Madam Anais in the movie La Belle De Jour who runs a Brothel. The film was produced by Marina Cicogna.

Private View of 'Once Upon Time' an Exhibition of Photographs by Marina Cicogna Sponsored by Fiat at the Little Black Gallery,

My view Marina Cicogna looks like Dottie in the Disney Channel series WandaVision.

NY Times covered a story of Countess Marina Cicogna, a woman with a very intetesting life. I am sure she knows many secrets and that gives her power over people of influence.

Thread: Rush Limbaugh and the conservative Id

On the day of his passing, it's worth doing a brief retrospective on how Rush Limbaugh's personal life almost perfectly paralleled American conservatism...

One thing that's not commonly known about Rush Limbaugh is that he began his career in sports, doing sales for the Kansas City Royals baseball team. That's significant because much of the tribalism and dumbed-down rhetoric in American TV news directly came from sports media.

Television journalism in its earliest days was a fantastic product with real investigative reporting, no filibustering live interviews, and no soundbites. This began changing in the 1970s when ABC Sports president Roone Arledge was put in charge of ABC News.

Limbaugh tried to be a conventional FM deejay but kept getting fired because his personality was too abrasive. After working with the Royals, he began a small political talk show for a Sacremento station. The Reagan repeal of the Fairness Doctrine made his show possible.

Rush Limbaugh's Sacramento show started in 1984 (he replaced Morton Downey Jr) and after 5 years, he was picked up by ABC Radio which was trying to copy some of the sensationalism that ABC News television had started. It was a perfect fit.

Extremely triggered by these well wishers advising Muslim women to not post pictures online, take care to hide addresses etc. what if somebody clicks u while walking on the road? What makes u think you can hide your address? Why can’t somebody click photos of you while you are +

Addressing a gathering? You can be clicked while speaking at a conference? While shopping at your local grocery shop? Should v then stop pursuing our careers? Stop shopping? Stop going out? Erase ourselves from public ? Erase our existence and our voices ?

I was shocked to c all the photos of me when I came out of jail. Especially the ones I had not posted anywhere on social media! Some photos were cropped from my interview videos. Hina Bashir Beg who I met in Tihar told me that she was shocked to c photos of herself splashed all +

Over news & social media. She is a pardanasheen. Never posted pictures of her online. The photo that was splashed all over was from her passport! One photo is all it takes. And these are just some of the cases. The list is endless. We know that these cyber attacks are state

Sponsored. What makes you think that it is difficult for the State to get all your information? And erasing yourself from social media is the solution?
Shifting the blame on women and literally saying that u r responsible for the violence against u makes u complicit in that +