Economics | Forum profile

QUOTE (John McVey @ Dec 5 2009, 04:01 AM) Regarding relativism: if man A values X then that's a fact of the world. That fact wont change for man B, C or D. Similarly, if man A would value X if he were to consider it properly then that too is a fact, and so same again for B, C and D. In both cases, disagreements between B C and D would revolve around their understanding of A's value-system (and in the second case,...

QUOTE (Grames @ Nov 26 2009, 06:25 PM) The Lexicon says, "The subjective means the arbitrary, the irrational, the blindly emotional." You claim an emotion, as such, is neither arbitrary nor subjective but a causal physiological response. The two senses of the word emotion come form two contexts: emotion is arbitrary and subjective epistemologically while metaphysically emotion is a fact within a causal...

QUOTE (Epistemological Engineer @ Dec 5 2009, 05:54 AM) Thanks. Here are two of my premises, which I lay out for checking: 1) The only alternative I've set up for myself is cash 2) Gold and silver are going to do better than cash in the long run, and even in the moderately-short run. (Why wouldn't they? dot dot dot) Thus even if we're in a bubble and, say, yesterday's sharp decline continues, I can just...

QUOTE (Mixon @ Dec 5 2009, 11:58 PM) As each dollar becomes worth less it takes more of them to buy the same quantity of commodity but from a wealth standpoint you aren't any better off than when you started. But I won't be worse off--and that's my starting point. Again, as I said earlier, my primary reason for taking this first step, from cash to metal commodities, is wealth protection given the standard...

Silver and Gold - How do you measure its worth! Some older figures here. In 2004 the population was estimated to be 6.4 billion people. With 153000 tonnes estimated mined in history and 32150.75 oz/tonne yields 4,919,064,750 troy oz or a smidgeon over 0.75 troy/person. Compare that to 80 trillion Federal Reserve Notes divided amoungst the US population yeilding 269,896.06 FRN's/person, we can see that they just do not make...

QUOTE (Grames @ Dec 5 2009, 01:18 PM) Different people can come to the same conclusions, and indeed it is objectivity that makes that possible. But if the one whose life is the standard is not also the one performing that evaluation, that person does not have that value. Agreement is possible, but not imposition. The valuer must participate consciously in the act of valuing. Values are relative to valuers, always. I'm in...

Ayn Rand's Atlas Shrugged discussed by the BBC (on March 31, 2009). It's viewed as an "economic" novel, although the host doesn't think it's actually a "novel". Some people are very shallow philosophically and it seems that journalists are typically a cut below. http://news.bbc.co.uk/2/hi/programmes/news...iew/7975404.stm They come across as somewhat humane to me.

QUOTE (Thales @ Dec 7 2009, 10:32 PM) They come across as somewhat humane to me. "Yes, well, she's quite mad with her push for freedom, don't you think?" Not an exact quote but it hits the mark. Yes, well anyone these days who wants a free market is quite mad, don't you think? And inhumane. There's no humanity in her, and one would think that if you had a pimple she would utterly despise...

The amount of vitriol coming from this group while attempting to minimize Rand as "mean" is a bit much to suffer through. I had to eventually close the video. Apparently the UK is still suffering from the brain drain.

QUOTE (freestyle @ Dec 8 2009, 05:59 AM) The amount of vitriol coming from this group while attempting to minimize Rand as "mean" is a bit much to suffer through. I had to eventually close the video. Apparently the UK is still suffering from the brain drain. The BBC has never reflected the culture. It raises its money by threatening to arrest people who don't subscribe (it's a crime to own a...