Multiple Currencies: If you buy a car in Ukraine, or a house, or rent a good apartment, you pay for it in dollars. Locals seem to make sure they have american dollars even more so than euros.
Source date (UTC): 2014-06-13 05:54:00 UTC
Multiple Currencies: If you buy a car in Ukraine, or a house, or rent a good apartment, you pay for it in dollars. Locals seem to make sure they have american dollars even more so than euros.
Source date (UTC): 2014-06-13 05:54:00 UTC
SHOULD HAVE BEEN “GUNS, GERMS, AND PROPERTY RIGHTS”
Well, if you start a civilization with the problem of coordinating irrigation if an alluvial plain, thats very different from starting a civilization with the problem of allocating land to farmers who do not rely upon irrigation.
Each culture, each civilization, carries with it, its means of warfare, means of coordination of use of the land, and family structure.
None of which are particularly relevant in a modernity, in which our means of production and reproduction depend upon abstract institutions of property and contract which allow the voluntary organization of production in vast, unknowable overlapping patterns of specialization and trade.
Capitalism isnt a belief, its a technology.
Guns, germs, steel… MONEY, ACCOUNTING, AND PROPERTY RIGHTS.
Source date (UTC): 2014-06-13 05:33:00 UTC
THE IRONY OF PRAXEOLOGICAL APRIORISM
In retrospect, isnt it ironic that not just a single thinker, but a group of thinkers have tried to construct a logic of rational action, and extend it into a logic of cooperation, and further into a logic of economics, by using a method of philosophical argument that is expressly not constructed of actions – operations?
It is ironic. Its Ironic as hell.
But when the irony ends we are left with a tragedy.
Source date (UTC): 2014-06-13 05:05:00 UTC
https://www.vdare.com/posts/study-finds-women-dont-belong-in-combatOBVIOUS: WOMEN HAVE NO PLACE IN COMBAT
Source date (UTC): 2014-06-13 03:05:00 UTC
While you cannot intrinsically possess a right, you do intrinsically possess abilities. One of them that is the most decisive is violence.
Source date (UTC): 2014-06-12 22:39:00 UTC
http://www.balancedandbarefoot.com/blog/the-real-reason-by-children-fidget
Source date (UTC): 2014-06-12 04:49:00 UTC
WORTH REPEATING : ARBITRARY PRECISION AND INFORMATION LOSS
In mathematics, (intuitionist mathematics), the requirement that we demonstrate all operations eliminates the possibility of the excluded middle – which is an unnecessary constraint upon mathematics. (This constraint is equivalent somewhat to computability in computer science.)
However, in order to create mathematical statements in the form of general rules independent of scale, we divorce the statements from scale, maintaining only the relations themselves (ratios).
By doing so – loss of context – we lose the information necessary to determine contextual precision. In other words, we no longer know that 1/64 of an inch is the maximum precision necessary for the given calculation. But in any application of the general statement to a given context we then regain the information necessary to make decisions.
As such general mathematical statements are constructed with arbitrary precision that requires choice independent of context, or contextual application to supply the missing information.
This problem of creating general statements independent of context is why it was necessary to transition number theory from geometry (infinite precision) to sets (binary precision). Thus reducing all mathematics to truth tables. And binary precision (set membership) is the reason why binary mathematics is so crucial to computation: we are always in a true or false state: a truth table that is universally decidable regardless of contextual precision.
These discussions evolved in math as a war against mathematical platonism. And by applying the same principle to ethics the problem changes significantly since we never encounter the problem of arbitrary precision.
In ethics, we do not have the luxury that physics does, in that information cannot be lost and all relations are constant. We are stuck with bounded but relatively inconstant relations.
But we always can test the rationality of any economic statement that is reduced to a sequence of actions. ***And so we never encounter the problem of arbitrary scale and the insufficiency of information.***
So when I speak of empiricism ( observation), operationalism (actions in time), and instrumentalism (reducing the imperceptible to the perceptible) it is in the context of ethics not mathematics and as such is not subject to the failure if operationalism and intuitionism to satisfy the needs of mathematicians.
This is a revolutionary idea.
Source date (UTC): 2014-06-12 02:55:00 UTC
http://globaleconomicanalysis.blogspot.com/2014/06/california-judge-rules-tenure-laws.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29ENTREPRENEURS REFORMING EDUCATION AGAINST THE WILL OF THE STATISTS
Court case in California. Strangely a win. Ending tenure in the public interest.
Source date (UTC): 2014-06-11 10:58:00 UTC
If I haven’t been riding on a motorcycle in many years, do I need a lighter starter bike, or do I just go with a 600-750 bike out of the gate, and trade up after a year?
Remember. I drive like a grandmother. OK? No open road. No racing. Pure urban street stuff. Naked bikes. The luxury of feeling present in society, of easy social interaction in the city, and easy parking (particularly here in Europe).
Thanks.
( Josh Brantley ? )
Source date (UTC): 2014-06-11 07:35:00 UTC
A PLACE IN THE NATURAL ARISTOCRACY
I consider myself a warrior – a physical, commercial and intellectual competitor. I have no desire to participate in an effete, affluent, managerial aristocracy. But I desire that others do, so that I need not. I prefer to have a leader who takes care of leadership duties. I just prefer to choose my leader from the best available. I prefer to choose a leader who is better than I.
The upper class – the perpetuating nobility – the natural aristocracy – produce families of consistent quality, as long as they demonstrate retention of their position by commercial, military, and intellectual performance.
This family scope is a very different burden from that of the individual warrior, who wishes to achieve his greatest personal possibilities. It is a very different thing to seek to build a noble family, from that which it is to seek to build great arts, great sciences, great commerce.
So the philosophy of aristocracy does not require that all of us seek the status of intergenerational familial nobility. But instead, that we pursue our excellences – only one of which is intergenerational familial nobility.
To be a great thinker, artist, tradesman, investor, warrior, scientist, does not require that my siblings do. Only that I have the will to demonstrated excellence – aristocracy – myself.
If I succeed and reproduce with others of the same ilk, then over time, perhaps my genes can participate in the natural aristocracy of families. And that is the greatest aspiration I care to dream of. Because it is the greatest aspiration that is possible for me to act upon.
Source date (UTC): 2014-06-11 07:11:00 UTC