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DoomPosting
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Degens Deteriorating
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Market burning

But some still trying to pump

(Not sure atm, extreme market conditions)

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Why aren’t people getting married anymore?

Lib-right view of the world is that,

(1) Every interaction in the world can be framed as a kind of TRADE

(2) Every interaction among people that has ever worked well — has involved anticipated MUTUAL BENEFIT

(3) Don’t see how some exchange that worked well involved anticipated mutual benefit? — You’re wrong and you’re just not looking hard enough

So,

If some exchange has STOPPED occurring, it is one or both sides who used to believe they stood to benefit

— No longer sees themselves as standing to benefit from entering into this exchange

Simple as that

People stopped getting married because something changed, and now one or both sides no longer see themselves as standing to benefit from entering into this exchange

Can’t see marriage as an exchange?

Then you’re part of the problem

The most important single central fact about a free market is that no exchange takes place unless both parties benefit

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For every bizarre move, ask yourself,

Who stands to benefit?

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Oldest known contract in the world, at ~4000 years?

A marriage contract

One laying out financial penalties for the wife should she be unwilling or unable to uphold her end of the deal

— If she didn’t produce a child within 2 years, SHE would have to pay for a surrogate mother

Voluntary exchange, by way of entering into mutually-beneficial agreements, where one side faces a substantial penalty if they don’t uphold there end of the deal

— Employed since literally the dawn of time

But then,

All promises and penalties for one side were gradually removed, until it was entirely unilateral

Unsurprisingly,

Suddenly far fewer are agreeing to enter into such unilateral exchanges

Like it or not, Friedman was right

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

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Time for the bears to make some cash

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