3 ms·
I can estimate the amount of money I'm willing to pay for something. I can observe some evidence of what other people are willing to pay and from that proxy mak
by xapata 8y ago
I can estimate the amount of money I'm willing to pay for something. I can observe some evidence of what other people are willing to pay and from that proxy make an estimate.
If that's pulling something out of my ass, well, I guess you're not a fan of statistics or the scientific method? Oh, actually, I forgot that's a central tenet of the Austrian School -- science is bogus when contradicted by philosophy.
> can't parse the latter part
If a government creates money, then it must have a monetary policy. Do you think government-backed money is not "for the greater good"?
- alter_eco123 8y agoDo you think ruling over subjects is done to benefit the subjects? Do you think 2% is a good rate for you to be losing your savings' purchasing power? How fast would you like gangrene to spread through your body?
- xapata 8y agoI'm not a fan of anarchy. Which is what you're advocating now. > 2% The correct rate varies according to the behavior of the economy. > gangrene What a strange and shifting conversation.
- alter_eco123 8y agoAnd I'm not a fan of being enslaved, but I guess you are. I doubt you're actually stupid enough not to get the point that there's no good rate for a bad thing to be happening. You've essentially studied to become a government cheerleader. If you want to make a career out of that, I don't know what to tell you..