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PROJECT BOSSA - The only comprehensive project dedicated to eradicating poverty on the planet
UNCONDITIONAL INCOME - THE ONLY WAY TO INTRODUCE IT
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TWEETS @JozefStasik
February 02
How to keep money in the regions in a liberal market economy? The only solution is digital currency. #economy
February 01
Globalisation has solved one side of the equation - we have cheap goods from all over the world. But how do we ensure that citizens have the income to buy the goods? #economy
January 31
Keeping finance in the regions - a key to prosperity. #economy
January 30
Politicians - maximum ambition, minimum ability.
January 27
There are 200 governments in the world. Each government has its own idea of governance, and it is very far from the optimal model. Another million amateur mayors govern cities and villages. That's why the world is like this.
January 26
A great example from Italy - Italian petrol stations will have to display the national average price of petrol and diesel. A huge service to consumers - let's extend this to other goods and services. #economy
January 25
The present is the most effective stage of colonialism - money is being sucked out - from all over the world #economy
January 24
On the one hand there is a completely free market (Charles Dickens), on the other hand complete control (George Orwell). All economies move between these poles (thankfully). The only question is the degree of state intervention. #economy
January 23
"Anti-market laws": the 8-hour workday, 5-day workweek, paid holidays, protection of workers' rights, consumer protection ... All sensible governments restrict the free market in this way. #economy
January 20
One of the laws that governments use to oppose the free market is copyright protection. #economy
January 18
Cryptocurrencies. They cannot be used for payment either. Everyone knows they have no value. But a critical mass of traders set their price and others accept it. #economy
January 17
If national debts are rising but inflation is not, it means only one thing. There is a shortage of money in the economy. Central banks are at fault. #economy
January 16
When will airlines understand that the guarantee of non-folding seats is a great competitive advantage?
January 13
I look forward to the day when AI creates 100% copies of the old masters' paintings.
January 12
What's the point of a cryptocurrency that can't be used to pay? #economy
January 11
GDP is not an indicator of citizens' prosperity. The size of their wallets is the indicator of prosperity. #economy
January 10
The success of a government is measured by the size of the voters' wallets. #economy
January 09
Economists - Offering predictions is easier than offering solutions. #economy
December 16
Lab leaks and lockdowns. What if the Chinese know a lot more about the virus, and that's why they're ordering lockdowns?
December 15
The economy is behind most of the problems. The elites fail to offer a good economic model to the masses. #economy
December 14
The world economy is like the Boston Marathon. Only 30 runners will get the Prize Money. The rest of the runners will pay $7,000,000 in fees. #economy
December 13
Many pension schemes are based on gambling. What else can you call stock markets? #economy
December 12
Once upon a time, companies had the goal of satisfying customer needs. Today, companies are thinking about how to make the most of the customer. #economy
December 09
Companies are becoming less and less trustworthy. Do you agree? #economy
December 08
Uniform standards could make a large number of products cheaper. #economy
December 07
Raising interest rates does not reduce inflation, but rather increases it. For a simple reason - it increases the cost of goods and services. The increased cost of credit translates into a higher price for the product or service. #economy #inflation
December 06
Financial support for photovoltaics and heat pumps has two important anti-inflationary effects. It increases the supply of energy and reduces the demand for energy from other producers. #economy #inflation
December 05
The door for the extreme is opened by incompetent politicians.
December 02
The more losers in free market competition, the more voters for extremist parties. #economy
December 01
Thousands of economists study interest rates, credit ratings, debt levels every day. They study an economy built on debt and take debt for granted. They do not understand that an economy based on debt is a sick economy. #economy
November 30
Can politicians grasp an increasingly complex reality?
November 29
The energy crisis is a lesson. On the subject of self-sufficiency. #economy
November 28
Profit above 10%. Tax it? #economy
November 25
Business margins above 20%. Tax it? #economy
November 24
Clearly, the economic mainstream does not offer a solution. But there are solutions. We need to start looking elsewhere. #economy
November 22
The rule of law does not mean a fair state.
November 21
When criminals are not convicted, the legal system is bad.
November 18
The logical interest of the banks is to have as little money in circulation as possible. So that they can lend it out at a profit. Explaining the behaviour of central banks. #economy
November 16
UBI can also take a non-monetary form. How about free energy? The state will buy it in bulk much cheaper. #basicincome #economy
November 15
There's no money for UBI. Let's think the other way around. How much "new" money can the economy handle? Can it produce enough goods and services as demand grows? #basicincome #economy
November 14
Car companies are introducing unfair practices. They are installing single-purpose technologies in cars that increase the price of the car. They charge for the use of these technologies. This is called extortion.
November 11
The high debt levels of countries and citizens show that the economy can increase its performance by increasing demand. And indebtedness is a completely unnecessary effect. #economy
November 10
UBI can have another effect. If the state takes over part of the wages, the price of goods and services can be reduced. And this will reduce the pressure on inflation. #inflation #basicincome
November 08
For years, countries have been borrowing huge amounts of money, which has flowed into the economy. With no effect on inflation. So the price of money does not affect inflation. The economy has just increased its output, which is a logical consequence of increased demand. #inflation
November 07
Central banks must immediately launch interest-free loans for house construction, photovoltaics, heat pumps, batteries. Directly to citizens through municipalities. Avoid intermediation through banks. Maximum repayment amount - monthly energy costs in 2021.
November 04
Raising interest rates is a misunderstanding of inflation. #economy
November 03
If a company doesn't value its own employees, it doesn't value its customers. It only cares about profit. #economy
November 02
State aid to a private company must be compensated. For example, by taking over part of the company, banning the payment of dividends, banning bonuses to managers. #economy
October 31
Home office and 4-day work week. These are the most effective and affordable solutions to climate change. #climate
October 28
During communism, an alternative currency was used in the villages of Slovakia - own labour. For example, houses were built through mutual aid. Very comfortable, by the way. Keeping money in the regions will ensure their prosperity. #economy
October 27
UBI is a necessity. The arguments are great. The activists have done an excellent job. But step 2 must follow. Design economic models that will allow UBI to be funded. Politicians need to be offered a database of ideas. The chances of introducing UBI will increase sharply. #economy #basicincome
October 25
There is good GDP and bad GDP. Bad GDP is certainly the production of weapons or cigarettes. The criterion may be, for example, the amount of money spent on mitigating the impact of the activities of firms or industries. What would you classify as bad GDP? #economy
October 24
Twitter is full of great ideas and thoughts every day. It would be good to collect them in one place and categorize them.
October 21
Reading the economic commentaries, I get the feeling that the authors consider a return to slavery to be the best solution. They just don't want to admit it directly. #economy
October 20
I look forward to the day when AI finds the recipe for Coca-Cola.
October 18
The products of food companies are also a cultural heritage of humanity. Companies should declassify the recipe 5 years after production has stopped.
October 17
Evolution. The best products will not survive. The ones that make the most profit will survive. #economy
October 14
The Nobel Prize in Economics - a cruel mockery of billions of poor people. The current economic model gives them no perspective. #economy @NobelPrize
October 13
Nobel Prize in Astrology. What do you think, The Royal Swedish Academy of Sciences? #economy
October 11
Does the EU have the solution to transform the economy from one for the rich to one for all? #economy @EU_Commission
October 10
Capitalism is the freedom to choose your slave owner. #economy
October 7
What do people need more? Cryptocurrencies (price fluctuations, complicated storage, energy-intensive mining, theft) or Digital Currency for the 99% (stable prices for goods and services, use everywhere in the world, stable exchange rate to USD and EUR)? #economy
October 6
The West created competition - the market system. It naively assumed that it would always be the winner. China accepted the challenge. If the West does not radically reform its thinking, it will become a loser. #economy
October 5
ECB - Giving away EUR 3.2 trillion to banks and waiting for the economy to recover was nonsense. When energy prices are rising, the ECB is supposed to give massive interest-free loans directly to people for photovoltaics, heat pumps, batteries. #economy #ECB
October 4
When the concept of human rights is abused by thugs, justice loses. And the people who follow the rules lose.
October 3
Taiwan's technological achievements are remarkable. The same people live in Taiwan as on the mainland. So in a short time there will be a China with a huge technological superiority over the Western world. #economy
September 30
Copyright is an important anti-market element. China has understood this and the results are great. #economy
September 29
1. The new political party must offer prosperity for all. Otherwise it is useless.
2. But neither politicians nor economists offer any solutions.
3. The only solution that exists so far is a Digital Currency for the 99% and in particular its special platform. It is now looking for an investor.
September 28
If countries have borrowed huge sums and the economy has absorbed the money without inflationary effects, then the problem is the low volume of money in circulation. And that is solved by other means, not by debt. #economy
September 27
Why don't EU countries borrow directly from the ECB, but finance the billions in profits of commercial banks? #economy
September 26
Judging by articles in economic periodicals, it is easy to get the impression that interest rates are all-powerful. The economic model based on debt is flawed. After all, the consequences affect us every day. #economy
September 23
The main cause of inflation? The richest group. They have nowhere to store their wealth. So they buy up real estate and businesses or invest in commodities. By concentrating, they've gained the ability to dictate prices. And consumers have to adapt. #economy #inflation
September 22
Debt is a sick element of the economy. #economy
September 21
Economists celebrate every percentage point of GDP growth, but they have no solution for Africa or Latin America. Worse, this economic system is increasingly failing in Western countries as well. #economy
September 20
The most effective and affordable measure against transport emissions? Mandatory home office. Reduces peak hour traffic by 25-30%. #ecology
September 19
EU - planning to save 15% gas? It's easy. Make home office mandatory for all positions in companies and offices where possible. @EU_Commission
September 16
A public register of companies is needed to monitor the failure rate of industrial products. Penalties, such as a special tax, should also be included. #economy
September 14
The natural limits of GDP - the consumption ceiling in rich countries where many people already have all the goods they need - are beginning to show. Companies are starting to produce low-quality, short-lived products to force consumers to buy. #economy
September 13
The ECB has been setting inflation targets for years. And analysts and economic commentators nodded in agreement. Fortunately, the ECB has not been able to meet its inflation targets. Now we have that dream inflation. It's good to see what kind of experts the media are giving space to. #economy #ECB
September 12
They tried to tell us that deflation was bad. But they did not say who it was bad for. Deflation is always good for consumers. #economy
September 09
GDP growth or decline does not directly affect wages. #economy
September 08
For 99.9% of people, the downturn in commodity markets is great news. It makes you think about how we create institutions. #economy
September 07
In the two-kilometre peripheral strips around The Line Saudi Arabia, 560,000 houses with 900 m2 of land can grow. A great alternative to housing. @NEOM
September 06
The free market is competition. There are always winners and losers in a contest. But the number of losers has been rising significantly for a long time. And the economics community offers no solutions. #economy
September 05
Having a house 1km from The Line Saudi Arabia can be a great thing. You have privacy while having complete services in close proximity. @NEOM
September 02
The world is full of universities. Find at least one that offers solutions for today's economy. #economy
August 31
The Line Saudi Arabia has one fascinating advantage. Nature is only a minute's walk away. @NEOM
August 19
Automation and robotics must benefit all people. We must look for models to bring aed and robotic systems to all regions. The economies of all regions must be equalised so that the quality of life is at a reasonable level everywhere in the world. #economy
August 18
Balance is always important. Individualism has taken over in the Western world and Twitter is full of criticism of the accompanying phenomena.
August 17
UBI is not enough. It is also necessary to keep money in the regions and revive their economies. And only a special digital currency that is different from today's cryptocurrencies can do that. #basicincome #economy
August 16
The problem in the US is not two parties. A market generates too many losers. Will the new party offer an economic alternative? The new party may be successful, but it will not bring anything new to the voters. There are many examples in the world. #economy
August 15
Companies should be required to disclose the median wage of employees. This figure tells more than hundreds of ESG statements about a company. #ESG #economy
August 12
Slovakia has recently adopted a law on mandatory publication of the salary offered in job advertisements. The law brought a significant increase in salaries. #economy #Salary
August 11
Companies have discovered that they can make things more expensive without worrying. And profits are rising. We need to start thinking about aed taxation mechanisms. It can be an effective way to fight inflation. #economy #inflation
August 10
Residents have the right to protest against high energy prices. Against whom to protest? How about directly against the people who profit most from energy prices? #economy #inflation
August 09
Homeowners can laugh at energy prices. They buy photovoltaics, heat pumps, batteries and electric cars. And they have no problem. #economy #inflation
August 08
How to fight high energy prices? Nationalise the big producers. #economy #inflation
August 05
Apartment owners are held hostage by heat suppliers and noisy neighbours. Now they have become hostages of the energy suppliers.
August 04
If psychics can see the future, then either the future already exists or the Matrix has released information about further developments. Which is more logical? #psychics #Matrix
August 03
Classical pricing (cost+margin) has been disrupted by commodity exchanges. Another and very high item must be added - yield. The consequence is inflation. #economy #inflation
August 02
The collapse of the economy will mean the collapse of civilization. High energy prices are bringing that collapse rapidly closer. #economy #inflation
August 01
Speculative capital triggers a domino effect. High energy prices liquidate firms producing basic materials. This raises the price of materials with the same consequences for the manufacturing industry. #economy #inflation
July 29
Production of aluminium and ferroalloys in Slovakia is coming to an end. Ironworks are under great threat. The cause - energy prices. The consequence - a shortage of semi-finished products and a consequent rise in prices. #economy #inflation
July 28
Commodity exchanges are a good thing. Unless speculative capital comes in. #economy #inflation
July 27
Economics is a set of theories that are not based on evidence. That's what the world looks like. #economy #inflation
July 26
For economists, there is profitable work without any responsibility. Astrological predictions of market movements in economic periodicals. People have always loved horoscopes. They just need to adapt the subject and form to the reader.
July 25
Increased money supply is the cause of inflation. Really? Imagine an thrifty nation where every inhabitant starts receiving an extra EUR 2 000 a month. The inhabitants do not change their consumption habits and start saving. Will there be inflation? Of course not. #inflation
July 25
The concept of copyright is the inefficient anti-market measure of the last millennium. China has only uncovered huge market opportunities that companies in the Western world cannot exploit. Copyright reform is essential.
July 24
Sri Lanka : A call to all economists! Try to propose an immediate solution. It cannot be belt tightening or borrowing. I myself am curious to see if a solution can be found. #economy #SriLankaCrisis
July 22
Energy market liberalisation has contributed significantly to inflation. #inflation #economy
July 21
Opponents of basic income are hampered by "free money". Free money is also higher pay for the same work in richer countries. #basicincome #economy
July 20
The general consensus (and the easiest explanation without thinking) is that inflation is a consequence of quantitative easing. I disagree. The problem is misallocation of money. #inflation #economy
July 19
How much money can a healthy economy handle without inflation rising? Have economists done tests with different masses of money to answer this question? #inflation #economy
July 18
The world needs an alternative economy based on local resources and using digital currency. There is no need to fight governments. Private enterprise can create a prosperous world. #economy #basicincome
July 15
Opponents of basic income are hampered by "free money". What about wealthy heirs, rentiers, lottery winners, bank managers and a host of other groups. Free money doesn't get in the way there? #basicincome #economy
July 14
How to avoid inflation? Move basic needs (housing, basic food, energy...) out of the market. #inflation #economy
July 13
The main problem for central banks? Overestimating the role of commercial banks in the economy. That's why the results are dismal. #economy #ECB
July 12
The ECB's response to inflation is completely wrong. It has stopped quantitative easing. The correct response should be to maximise quantitative easing and direct it towards photovoltaics and heat pumps. #inflation #ECB
July 11
Inflation - proof of the dysfunction of the market economy. Where is the influence of competition to push down prices? #economy #inflation
July 8
Mars - free housing, food, water, energy. Maximum aion and robotization. Let's start building Martian colonies on our planet. Let's find a solution for 100 people, later for a thousand people. Then we don't have to find solutions for millions and billions. #economy #Mars
July 7
2% of the third millennium has passed. The economic model has exhausted its possibilities. Let's think differently. How will the economy work on Mars? Let's think alike and the results will surprise us. #economy #Mars
July 6
The creator of the robots has one more duty. To provide a universal basic income. #basicincome @elonmusk
July 5
When will the book reader with a built-in translator go on sale? A quality translator? That's just the first step. Book readers have huge untapped potential. @AmazonKindle @pocketbook
July 1
Since 2015, the ECB has provided €3.2 trillion to banks (10,000 € per inhabitant). The following amounts could come to the cities:
Rome - 43 bln €
Madrid - 32 bln €
Paris - 21 bln € ...
Multiply the population of your town by €10,000. #economy #ECB
Jun 30
What would have happened if the opposite had happened in Zimbabwe? Print money first and introduce unconditional income? Would there have been hyperinflation? #economy #basicincome
Jun 29
21 million bitcoins. Maximum price 70 000 USD. That's $1.4 trillion - $200 per capita. And no effect on inflation. So print that $200 and give it to every person on the planet. #economy #basicincome
Jun 28
When will the first Greenpeace activist tie himself to a bitcoin farm? #economy #ecology
Jun 27
Bitcoin? OK, but where is the complaints department? #economy #bitcoin
Jun 24
28 QUESTIONS FOR ECONOMISTS
Question No.28 - Health insurance companies win, hospitals lose - Do we really want these competition rules? #economy
Jun 23
28 QUESTIONS FOR ECONOMISTS
Question No.27 - The winner is trade, the loser is production. But the product must be made. #economy
Jun 22
28 QUESTIONS FOR ECONOMISTS
Question No.26 - Investors are winners, employees are losers - But companies are made up of employees. #economy
Jun 21
28 QUESTIONS FOR ECONOMISTS
Question No.25 - Winners are companies, losers are consumers. - Why doesn't competition and price cutting work? #economy
Jun 20
28 QUESTIONS FOR ECONOMISTS
Question No.24 - The winners are managers, the losers are scientists, creatives, health workers, labourers, social workers - Who is more needed for society? #economy
Jun 17
28 QUESTIONS FOR ECONOMISTS
Question No.23 - Banks are the winners, health, services, farms are the losers. - What does society need more? #economy
Jun 16
28 QUESTIONS FOR ECONOMISTS
Question No.22 - The winner is Western Europe, the loser is Eastern Europe - the losers are the poor areas of Italy, Spain, France. Has the EU learned its lesson from Brexit? #economy
Jun 15
28 QUESTIONS FOR ECONOMISTS
Question No.21 - A consumer can buy goods from all over the world. Where he will get the money for his purchases? #economy
Jun 14
28 QUESTIONS FOR ECONOMISTS
Question No.20 - Is it normal for people to repay a mortgage all their productive lives? #economy
Jun 13
Universal charger standard for the EU. Finally, good news for consumers. We expect more standards. #consumers
Jun 10
28 QUESTIONS FOR ECONOMISTS
Question No.19 - Is the economy functioning properly when most of its entities are in debt? #economy
Jun 9
28 QUESTIONS FOR ECONOMISTS
Question No.18 - Where are the trillions of euros from the ECB's quantitative easing (€10,000 per resident)? #economy
Jun 8
28 QUESTIONS FOR ECONOMISTS
Question No.17 - Is it right to corrupt investors with tax breaks? How to bring manufacturing to poor areas? #economy
Jun 7
28 QUESTIONS FOR ECONOMISTS
Question No.16 - Have stock markets become a Ponzi scheme? #economy
Jun 6
28 QUESTIONS FOR ECONOMISTS
Question No.15 - Is cheap credit helping the economy? Will a company take out a loan just because it is cheap? #economy
Jun 3
28 QUESTIONS FOR ECONOMISTS
Question No.14 - Does the competition still work? Prices are not falling in the long term. #economy
Jun 2
28 QUESTIONS FOR ECONOMISTS
Question No.13 - Can we find an indicator that shows the true level of welfare of citizens? #economy
Jun 1
28 QUESTIONS FOR ECONOMISTS
Question No.12 - Is GDP the best indicator? #economy #GDP
May 31
28 QUESTIONS FOR ECONOMISTS
Question No.11 - Should robotization and aion bring benefits to all? #economy #robotization
May 30
28 QUESTIONS FOR ECONOMISTS
Question No.10 - How to ensure prosperity in each region? #economy
May 27
28 QUESTIONS FOR ECONOMISTS
Question No.9 - How to prevent the depopulation of regions? #economy
May 26
28 QUESTIONS FOR ECONOMISTS
Question No.8 - How to eliminate unemployment? #economy
May 25
28 QUESTIONS FOR ECONOMISTS
Question No.7 - How to eliminate poverty? #economy
May 24
28 QUESTIONS FOR ECONOMISTS
Question No.6 - How to eliminate homelessness? #economy
May 23
28 QUESTIONS FOR ECONOMISTS
Question No.5 - Does the economy serve the people or the people serve the economy? #economy
May 20
28 QUESTIONS FOR ECONOMISTS
Question No.4 - Do economists have a formula for a prosperous economy that will apply in every country in the world? #economy
May 19
28 QUESTIONS FOR ECONOMISTS
Question No.3 - East Germany introduced all market reforms + got 2 trillion euros. Why doesn't it work? #economy
May 18
28 QUESTIONS FOR ECONOMISTS
Question No.2 - Post-communist countries have implemented all market reforms. Why, after 33 years, is their economy not at the level of, for example, Austria? #economy
May 17
28 QUESTIONS FOR ECONOMISTS
Question No.1 - Why doesn't an open market economy bring prosperity to all? #economy
May 16
Are stock markets a Ponzi scheme? Of course. New deposits generate profits (rising stock values), not rising economic activity. #economy
May 13
The job of robots is to work. Why do they teach them to walk?
May 12
Economic theory needs its Däniken. #economy
May 11
China’s robot-built 3D-printed dam ready in 2 years. The 180 metre high Yangqu hydropower plant will be built slice by slice – using unmanned excavators, trucks, bulldozers, pavers and rollers, all controlled by AI.
GREAT #robotization
May 11
Eastern Europe - 33 years of reforms and billions of EU funds. And still failing to match the West. A glaring error in economic theory. #economy
May 10
Pope Francis. All voters have a university education. Then the election result is excellent.
May 9
Quality of Life
China - India 20:3. The debacle of democracy. The failure of the open market economy. Perhaps we need to start explaining. And start thinking. http://chinind.belgof.com
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