1 – Markets, like ‘property rights’ require insurers, and production on speculation of demand under inflexible prices.
2 – Trade requires only normative property, and production to satisfy estimated demand under flexible prices.
3 – Exchange requires only possession, and neither prices or anticipated demand.
Demand always exists, whether under exchange, trade, or market.
We tend to use the word market to refer to demand. But demand exists under exchange, trade, and market. The question is scale, investment risk, and institutions (insurance (law), contract, money, prices) that mitigate investment risk.
We trade low volume and high prices for high volume and low prices. To achieve high volume and low prices requires an ever expanding division of capital(risk), knowledge, and labor, under ever greater insurance regimes.
Source: Original Site Post
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“So the military has a choice: engage in extraction, or protect the capitalists
—“So the military has a choice: engage in extraction, or protect the capitalists ability to engage in fraud, or protect the court’s ability to administer natural law.”–Zachary Miller A militia has no choice but the court. An Army has the choice of the first two. An empire has only the first. -
“So the military has a choice: engage in extraction, or protect the capitalists
—“So the military has a choice: engage in extraction, or protect the capitalists ability to engage in fraud, or protect the court’s ability to administer natural law.”–Zachary Miller A militia has no choice but the court. An Army has the choice of the first two. An empire has only the first. -
Choose:
– Domination by Priestly Caste. (lies) – Domination by Warrior Class. (violence) – Dominance by Capitalist Class (bribery) – Dominance by Judicial Class (reciprocity) -
Choose:
– Domination by Priestly Caste. (lies) – Domination by Warrior Class. (violence) – Dominance by Capitalist Class (bribery) – Dominance by Judicial Class (reciprocity) -
I’ve been thinking… about the oft used statement “regression to the mean” that
I’ve been thinking… about the oft used statement “regression to the mean” that is used as rebuttal to comments of mixing or diluting ethnic gene pools. If nature regresses to the mean, doesn’t it conversely progress to the mean? What mean does it progress to? Does nature create a new mean? Or do we need to concede that intelligence genes are recessive and we just might be screwed in that simple argument? -
I’ve been thinking… about the oft used statement “regression to the mean” that
I’ve been thinking… about the oft used statement “regression to the mean” that is used as rebuttal to comments of mixing or diluting ethnic gene pools. If nature regresses to the mean, doesn’t it conversely progress to the mean? What mean does it progress to? Does nature create a new mean? Or do we need to concede that intelligence genes are recessive and we just might be screwed in that simple argument? -
There exists only one form of meritocracy and that is the common, natural law of
There exists only one form of meritocracy and that is the common, natural law of reciprocity we call ‘tort’. Western man was destroyed when the universal law of torts: the common natural law of reciprocity, was surrendered to the lies of democracy, capitalism, marxist-socialism, and postmodernism. -
There exists only one form of meritocracy and that is the common, natural law of
There exists only one form of meritocracy and that is the common, natural law of reciprocity we call ‘tort’. Western man was destroyed when the universal law of torts: the common natural law of reciprocity, was surrendered to the lies of democracy, capitalism, marxist-socialism, and postmodernism. -
Charles Murray, one of America’s most influential social policy thinkers, has co
Charles Murray, one of America’s most influential social policy thinkers, has come out with a widely discussed new book called Coming Apart: The State of Whi…