Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (96901)	12/3/2012 8:47:32 AM
From: Joseph Silent	6 Recommendations Read Replies (1) \| Respond to of 219928

(OT) Please understand that this not a slam on anyone and should not be interpreted as such. I say it because I am not a terribly intelligent person (indeed, I am more terrible than intelligent :) ) ........... I've always harbored the wishful notion that if something can't be said simply, then it should at least be said precisely ---- which may mean, mathematically. If it can't be said simply or precisely, then it likely should remain unsaid, due to its limited ability to do any good. It is truly unfortunate that the texting world takes this suggestion to a silly-headed extreme. :) We may soon arrive at a point where people no longer know how to read and write. I wonder who will be left to do 'rithmetic.

To: dvdw© who wrote (96901)	12/3/2012 10:36:55 AM
From: bart13	1 Recommendation Read Replies (1) \| Respond to of 219928

Look, if F. A. von Hayek's Everettian notion, the “time-shapes of total capital stock”, is correct -- and it almost certainly is from all but the most myopic of Newtonian perspectives -- then there also are the time-shapes of total supersystem-system-subsystem risk and exchange-value over total capital stock Surf the waves, like that TJ d000d... -g- nowandfutures.com -g- Hayek frequently rules: "To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies— these tasks provide a wide and unquestioned field for state activity." -- Friedrich Hayek, "The Road to Serfdom" "By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set up the most complete despotism imaginable." -- Friedrich Hayek, "The Road to Serfdom" "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." -- Friedrich Hayek, "The Fatal Conceit" (wherein Hayek corrects the limited views of those using limited definitions of total money supply) "There can be no doubt that besides the regular types of the circulating medium, such as coin, notes and bank deposits, which are generally recognised to be money or currency, and the quantity of which is regulated by some central authority or can at least be imagined to be so regulated, there exist still other forms of media of exchange which occasionally or permanently do the service of money. Now while for certain practical purposes we are accustomed to distinguish these forms of media of exchange from money proper as being mere substitutes for money, it is clear that, other things equal, any increase or decrease of these money substitutes will have exactly the same effects as an increase or decrease of the quantity of money proper, and should therefore, for the purposes of theoretical analysis, be counted as money". -- Friedrich Hayek, Prices and Production, 1935, p. 96