So why no thread about the elections tonight?

[Rothbardian]

Oh Nobel Prizes are acceptable again? well I have two Nobel winners on my side of the spectrum in Barack Obama and Paul Krugman. YOUR MOVE CHAMP


Pick a paragraph I don't give a shit your whole response is horsehit

Falling wages isn't bad. what a joke.

This is because your mindset is wrapped within the Inflationary Federal Reserve System. This system would not exist in an An-Cap society. A commodity backed currency would be used, and is primarily immune from inflationary practices. The dollar today is de-valued by 96% since the Fed was instituted in 1913, so of course, falling wages in today's economic policies and today's current Government would be hallaciously bad.

When your wealth, money, currency increases in purchasing power even though your wage numerative values are decreasing that is not a negative, that is a positive. If you have 2,000$ but can buy more goods and services than someone in todays society that makes 200,000$ how is this in any way bad?

[Rhinox]

You are assuming that consumers do not care about the reputation of the business they conduct commerce with. In now where does this assertion bear out. Once Pfizer had such a reputation that their products were harmful, no one would purchase their products. What makes you think people would continue being consumers of Pfizer products?

Prices.

Ad campaigns and money are great tools. Look at this verdict people still buy Viagra and Lipator by the assload even after this large criminal fine.

Money can be a helluva factor especially when 11.3 percent of americans live below the poverty line.

[Rothbardian]

Prices.

Ad campaigns and money are great tools. Look at this verdict people still buy Viagra and Lipator by the assload even after this large criminal fine.

Money can be a helluva factor especially when 11.3 percent of americans live below the poverty line.

What makes you think that there would be 11.3% or even 5% of the population that lived below the poverty line? Of course, we can never know the true amount of the total litigous actions by defrauded consumers, but it would be safe to assume it would be far higher than what they currently paid in the total sum suits. Secondly, Pfizer would not be getting any State funded benefits. No State funded monopolies. No State authored IP or Patent Law. No State funded contracts. Pfizer would have to make their profit based solely on the viability of their product. Intentionally wrecking that viability is counter-intuitive. Without the State, the moral hazard disappears. Businesses once again live or die based on their merit.

[Rhinox]

This is because your mindset is wrapped within the Inflationary Federal Reserve System. This system would not exist in an An-Cap society. A commodity backed currency would be used, and is primarily immune from inflationary practices. The dollar today is de-valued by 96% since the Fed was instituted in 1913, so of course, falling wages in today's economic policies and today's current Government would be hallaciously bad.

When your wealth, money, currency increases in purchasing power even though your wage numerative values are decreasing that is not a negative, that is a positive. If you have 2,000$ but can buy more goods and services than someone in todays society that makes 200,000$ how is this in any way bad?

Look I want to audit the fed more then any teabagging LP. Also you're assuming that all the inflation was caused by the fed which I'm not totally convinced about and your not even taking into account natural inflation.

[MF Perm tha Fineass]

Gold standard lol, melt your watches, fillings, and rings kiddo's we need it to back our currency!

[Rhinox]

What makes you think that there would be 11.3% or even 5% of the population that lived below the poverty line? Of course, we can never know the true amount of the total litigous actions by defrauded consumers, but it would be safe to assume it would be far higher than what they currently paid in the total sum suits. Secondly, Pfizer would not be getting any State funded benefits. No State funded monopolies. No State authored IP or Patent Law. No State funded contracts. Pfizer would have to make their profit based solely on the viability of their product. Intentionally wrecking that viability is counter-intuitive. Without the State, the moral hazard disappears. Businesses once again live or die based on their merit.

Congratulations you just slowed any kind of innovation. Lets just close down Pharmacies now and open shops to traveling snake oil salesmen again


btw Jim Jones had a Utopia where there wasn't any poverty at all. Might want to call him and ask for advice. Think he is still in Jonestown in south america if you need to reach him although you might have to see him in person. Bring some Kool-aid with you.

[Rothbardian]

Gold standard lol, melt your watches, fillings, and rings kiddo's we need it to back our currency!

Notice I said commodity backed currency? I take a Hayekian approach of private competiting currencies. Money is like any other good and service. Its only use is the facilitation of commerce. Whatever currency emerges the strongest, will be used, and even then there will still be more than one. This provides an incentive for the issuances of the currency to not defraud it.

Of course, there would be some natural inflation. Roughly gold averages 2-3% growth a year, however, not all of that is used or would be used for monetary measures. Gold has uses in many other goods also.

Besides I never said that wages would always fall. However, wage drops on average wouldn't be pernicious, and given the situation would actually be a tremendous positive over the current situation. Again, in the late 19th Century the average persons purchasing power increased by over 150%. Today, our purchasing power is in a continual decline, as you and I know.

Secondly, what is with the condescention? Can you not debate civilly?

[Rothbardian]

Congratulations you just slowed any kind of innovation. Lets just close down Pharmacies now and open shops to traveling snake oil salesmen again


btw Jim Jones had a Utopia where there wasn't any poverty at all. Might want to call him and ask for advice. Think he is still in Jonestown in south america if you need to reach him although you might have to see him in person. Bring some Kool-aid with you.

Where did I say there would be no poverty? Of course there would be poverty. We live in a world of scarce resources. It is impossible for poverty to not exist. However, poverty would not be as widespread as today, so using the 11% number is deceiving and intellectually egregious. You are trying to transpose one economic system overtop another and use the statistics from the one to the other. You have to be honest with yourself first to have any meaningful dialogue.

[Rhinox]

Roth It's the fucking internet grow a backbone for fucks sake.

[Rhinox]

Where did I say there would be no poverty? Of course there would be poverty. We live in a world of scarce resources. It is impossible for poverty to not exist. However, poverty would not be as widespread as today, so using the 11% number is deceiving and intellectually egregious. You are trying to transpose one economic system overtop another and use the statistics from the one to the other. You have to be honest with yourself first to have any meaningful dialogue.

You're not gonna address my other point?

[MF Perm tha Fineass]

He's still trying to buy children nigga ain't got time to address ALL your points. Stop being so selfish.

[Rothbardian]

You're not gonna address my other point?

I'll be back in a second to address this.

[Rothbardian]

He's still trying to buy children nigga ain't got time to address ALL your points. Stop being so selfish.

What's funny is that in an An-Cap society you could have your socialist paradise for all those who wished to voluntarily join. Where as in your socialist society you would involuntarily enslave those who wanted to live in an An-Cap society. Anyways....that was a bit off-cuff and off-topic. Anyways have to restart comp.

[Rothbardian]

ok, Rhinox.

http://levine.sscnet.ucla.edu/papers/intellectual.pdf

Read that then let me know what you think.

Case Against Intellectual Property - Michele Boldrin & David K. Levine

Walter Block also has Defending the Undefendable.

[Rhinox]

ok, Rhinox.

http://levine.sscnet.ucla.edu/papers/intellectual.pdf

Read that then let me know what you think.

Case Against Intellectual Property - Michele Boldrin & David K. Levine

Walter Block also has Defending the Undefendable.

Government doesn't provide funds for musicians, writers, directors and other film makers to provide better music, Books, and films as oppose to the US government funding Big pharma solely for the purpose of funding Medical breakthroughs and other medical innovations. They might seem similar, but it is important to draw/make a distinction between the two.

[Rhinox]

Otherwise I'm all for limiting the amount of time someone has a copyright on Intellectual property before it becomes part of the commons.

[Rothbardian]

Well it was fun, but Football is diverting my attention. I'll come back to the thread sometime tomorrow to continue our flurries. Cheers.

[MF Perm tha Fineass]

What's funny is that in an An-Cap society you could have your socialist paradise for all those who wished to voluntarily join. Where as in your socialist society you would involuntarily enslave those who wanted to live in an An-Cap society. Anyways....that was a bit off-cuff and off-topic. Anyways have to restart comp.

You automatically assume I'm at the exact opposite end of the spectrum of your ideals for which you've prepared your talking points.

You're obviously not very confident in the concepts you preach.

[Kuya]

Well it was fun, but Football is diverting my attention. I'll come back to the thread sometime tomorrow to continue our flurries. Cheers.

FOOTBALL

[MF Perm tha Fineass]

football has all kinds of rules and regulations, it's a socialist sport