Talk-Polywell.org

Blankbeard, I am not blowing smoke trying to pull your chain. I read Human Action 45 years ago, and I still remember having to read the dictionary side by side. It was worth reading that huge book though. Man Economy and State by Rothbard was another, and easier reading, but not less insightful. Wit...

Blankbeard, First you seemed to imply value is not subjective but objective. Then you give some examples that are outside of the assumptions that the marginal utility theorem requires, so it seemed that you did not understand the context that marginal utility theorem assumes. Like I said, I am not h...

Blankbeard, It is more involved than that. Take something as simple as buying apples. Which store, what type of apple, how many, how crisp, what size, of a particular size and type, which ones? Or maybe include some pears? Should they be organic, grown in USA, etc. All decisions, but price per pound...

Blankbeard, "but I'm not convinced this is right." It is at the heart of Austrian economics. Theory of value being subjective does not mean arbitrary. Rather than poorly reinventing the wheel, here is a fairy good and short article on value: http://mises.org/daily/6001/The-Measurement-Chimera Best r...

BB, there is a more fundamental problem and that is all value is subjective (valuation varies with time place, person, circumstances, etc), there is no objective value. We reveal our valuations by the choices we make ourselves. If we are not the ones making the choices then how can anyone know what ...

It would be nice if the gamma wave length didn't preclude metamaterial use in shielding, sort of like the invisibility cloak, but for gamma waves. Might drop the weight requirements. A foot of lead, gracious!

Best regards
Mike

and shielding.

Privatizing space was a start. Use that as a model to privatize everything but the criminal justice system, defense, and discharge limits. Once you look at the list of other "services" that could be performed privately, the current federal expenditure on layers of bureaucrats becomes laughable. Real...

Do you honestly think you are so smart, "still not getting it?" They are caught between the devil and the deep blue sea. They can't print their way out of the mess and they can't borrow their way out. I asked you to look at the exponential money supply curve for which we are on the puck end of the s...

Who will bail us out? No one. If we fight a war and lose, will the victor nation build here? Get real. The government has to be downsized. The sooner it is begun the less painful it will be. MSimon is right, we have chosen path of pain. Sounds like Lord of the Rings...

Look at the money supply for the last 80 years, oh ye of such intellect and insight.

And if you want to see how markets of sovereign debt work look at Greece. At some point no one will touch it.

Also the debt isn't what's hurting, not even close. At this time... What happened to Greece was rating downgrades caused that cost to skyrocket. Rating down grades have already begun for us. By the time it gets to the land of Greece, it is too late. To avoid the downgrades the borrowing of +trillio...

I don't own a TV. And if you want to see what the end game looks like ask a Greek. And I thought I was foolish for talking about a depression.

That is the problem, the Fed is having to step in because no one will buy.

We borrow from ourselves.... so we are collectivists now? What rubbish.

How can debt be sold? What would the currency be? Euro's, Yuan? If printing money is continued at the current accelerated pace we will be back to gold (confiscated like Roosevelt did). Government is only large because it is large. More begets more. 2 years to get a permit, 2 weeks to erect the skysc...