Um. I can’t emphasize this enough. 1) *While Prices drive to Equilibrium, Markets drive to Disequilibrium*. 2) Loose credit (monetary expansion) increases disequilibrium necessary for causing corrections (discovering limits). 3) The debate between conservatives and progressives is whether the cumulation of short term gains exceeds the costs of the correction. In my opinion, this is rather obviously ‘no’, but that is because the economics profession does not measure changes in ALL capital and instead cherry picks measures of capital.
Source: Original Site Post
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Debate Between Conservatives and Progressives Is Whether the Cumulation of Short Term Gains Exceeds the Costs of The Correction
Um. I can’t emphasize this enough. 1) *While Prices drive to Equilibrium, Markets drive to Disequilibrium*. 2) Loose credit (monetary expansion) increases disequilibrium necessary for causing corrections (discovering limits). 3) The debate between conservatives and progressives is whether the cumulation of short term gains exceeds the costs of the correction. In my opinion, this is rather obviously ‘no’, but that is because the economics profession does not measure changes in ALL capital and instead cherry picks measures of capital.
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Wisdom that Has Survived Market Competition
There is a reason the operational name of mythology is “Wisdom Literature”. Because it contains wisdom that has survived market competition for centuries if no millennia. I have a rather defensive posture with regard to the term ‘truth’. So in order to defend the word ‘truth’ from abuses, the correct term is not ‘truth’ (most parsimonious description in operational terms) but ‘wisdom’ (analogy or general rule). It is the survival of this wisdom from market competition over time that provides the empirical evidence of the wisdom therein.
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Wisdom that Has Survived Market Competition
There is a reason the operational name of mythology is “Wisdom Literature”. Because it contains wisdom that has survived market competition for centuries if no millennia. I have a rather defensive posture with regard to the term ‘truth’. So in order to defend the word ‘truth’ from abuses, the correct term is not ‘truth’ (most parsimonious description in operational terms) but ‘wisdom’ (analogy or general rule). It is the survival of this wisdom from market competition over time that provides the empirical evidence of the wisdom therein.
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Wisdom vs Truth
There is a reason the operational name of mythology is “Wisdom Literature”. Because it contains wisdom that has survived market competition for centuries if no millennia. I have a rather defensive posture with regard to the term ‘truth’. So in order to defend the word ‘truth’ from abuses, the correct term is not ‘truth’ (most parsimonious description in operational terms) but ‘wisdom’ (analogy or general rule). It is the survival of this wisdom from market competition over time that provides the empirical evidence of the wisdom therein.
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Wisdom vs Truth
There is a reason the operational name of mythology is “Wisdom Literature”. Because it contains wisdom that has survived market competition for centuries if no millennia. I have a rather defensive posture with regard to the term ‘truth’. So in order to defend the word ‘truth’ from abuses, the correct term is not ‘truth’ (most parsimonious description in operational terms) but ‘wisdom’ (analogy or general rule). It is the survival of this wisdom from market competition over time that provides the empirical evidence of the wisdom therein.
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General Ideas: A “field” in Mathematics
GENERAL IDEAS: A “FIELD” IN MATHEMATICS (repost by request) Given a six sided die, and the single operation “roll the die”, we can produce a noisy distribution of : 1(x1), 2(x1), 3(x1), 4(x1), 5(x1), 6(x1). Given two six sided dice, and the single operation “roll the dice and sum the results”, we can produce a noisy distribution of: 2(x1), 3(x2), 4(x3), 5(x4), 6(x5), 7(x6), 8(x5), 9(x4), 10(x3), 11(x2), 12(x1). The difference between the one-die and two-die distributions is that while the results of rolling one die are equidistributed between 1 and 6, with two dice the results of rolling can produce more combinations that sum to 7 than there are that sum to 2 and 12, and therefor the results are normally distributed: in a bell curve. We can produce the same results with logic instead of numbers: For example, we can take the two words “Even” and “Odd”, and define two operations: “addition” and “multiplication”. Then apply the operations to all pairs: Even + Even = Even, Even + Odd = Odd + Even = Odd, Odd + Odd = Even, Even x Even = Even x Odd = Odd x Even = Even, Odd x Odd = Odd. And we can produce the same set of results with *any grammatically correct operations on a set, given the operations possible on the set*; including the set of Ordinary Language using Ordinary Language grammar. Although, unlike our simple examples using dice, the set of combinations of ordinary language is not closed, and so the number of combinations is infinite. So any grammar allows us to produce a distribution of results, and a density (frequency) of result. In mathematics this result set is called a ‘field’. A field consists of all the possible results of a set of operations on a set’s members, that are selected from the range of possible operations on those set members. So in any set of results there will be a range of very dense, less dense, sparse, and empty spaces in the set’s distribution.
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General Ideas: A “field” in Mathematics
GENERAL IDEAS: A “FIELD” IN MATHEMATICS (repost by request) Given a six sided die, and the single operation “roll the die”, we can produce a noisy distribution of : 1(x1), 2(x1), 3(x1), 4(x1), 5(x1), 6(x1). Given two six sided dice, and the single operation “roll the dice and sum the results”, we can produce a noisy distribution of: 2(x1), 3(x2), 4(x3), 5(x4), 6(x5), 7(x6), 8(x5), 9(x4), 10(x3), 11(x2), 12(x1). The difference between the one-die and two-die distributions is that while the results of rolling one die are equidistributed between 1 and 6, with two dice the results of rolling can produce more combinations that sum to 7 than there are that sum to 2 and 12, and therefor the results are normally distributed: in a bell curve. We can produce the same results with logic instead of numbers: For example, we can take the two words “Even” and “Odd”, and define two operations: “addition” and “multiplication”. Then apply the operations to all pairs: Even + Even = Even, Even + Odd = Odd + Even = Odd, Odd + Odd = Even, Even x Even = Even x Odd = Odd x Even = Even, Odd x Odd = Odd. And we can produce the same set of results with *any grammatically correct operations on a set, given the operations possible on the set*; including the set of Ordinary Language using Ordinary Language grammar. Although, unlike our simple examples using dice, the set of combinations of ordinary language is not closed, and so the number of combinations is infinite. So any grammar allows us to produce a distribution of results, and a density (frequency) of result. In mathematics this result set is called a ‘field’. A field consists of all the possible results of a set of operations on a set’s members, that are selected from the range of possible operations on those set members. So in any set of results there will be a range of very dense, less dense, sparse, and empty spaces in the set’s distribution.
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Temporal vs Intertemporal Decidability
The difference between law and science is that in questions of law, individuals in conflict demand a decision from judge and jury in the present where in science we explicitly deny this demand, and in philosophy where we never do so, and in religion we presume it already made.
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Temporal vs Intertemporal Decidability
The difference between law and science is that in questions of law, individuals in conflict demand a decision from judge and jury in the present where in science we explicitly deny this demand, and in philosophy where we never do so, and in religion we presume it already made.