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by technovelist
Wed Jul 10, 2013 2:13 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

Fair enough, but what proposition exactly do you find to be absurd?  If you find all of MR to be absurd, then why does it seem to so clearly and coherently describe the current system?  You may say that the entire current system is absurd (and I would agree with you), but notwithstanding its overal...
by technovelist
Wed Jul 10, 2013 2:10 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

But in what ways does monetary realism fail to correctly identify the current monetary arrangement in the U.S.? I would say that MR differs from FSM in that FSM doesn't provide me with a coherent explanation for the current nature of any aspects of reality, while MR does. Do you agree with my disti...
by technovelist
Wed Jul 10, 2013 1:57 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

No, it is not a joke, but a reductio ad absurdum. Continuing a conversation that requires one to agree to a proposition that one finds absurd is nonsensical. Why would anyone do that? Fair enough, but what proposition exactly do you find to be absurd?  If you find all of MR to be absurd, then why d...
by technovelist
Wed Jul 10, 2013 1:48 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

After reading all the posts about "monetary realism", I have exactly the same respect for it as I do for the FSM. But in what ways does monetary realism fail to correctly identify the current monetary arrangement in the U.S.? I would say that MR differs from FSM in that FSM doesn't provide me with ...
by technovelist
Wed Jul 10, 2013 1:45 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

Exactly. Nobody here thinks that MR somehow proves that a debt-based fiat monetary system is some kind of perfection. From my perspective, it causes all sorts of problems in the long run. All MR does is describe the system as it is — flaws and all. All we are saying is that Austrian economics is us...
by technovelist
Wed Jul 10, 2013 1:40 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

All we are saying is that Austrian economics is using an obsolete framework that doesn't apply to an autonomous debt-based fiat currency issuer. Surely you can have a conversation about that, tech. Certainly, as soon as you acknowledge that the Flying Spaghetti Monster is the one true god. Well, if...
by technovelist
Wed Jul 10, 2013 1:30 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

Please understand that recognizing that the current system is based upon a monetary realism model doesn't mean any of us is saying it's a good idea.  It's just acknowledging reality as it currently exists. Exactly. Nobody here thinks that MR somehow proves that a debt-based fiat monetary system is ...
by technovelist
Wed Jul 10, 2013 1:09 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

Ok, so then this would be an acceptable post? If you say so. ------------------- I really think if "monetary realists" didn't have such a deep reluctance to admit the tail risks they are ignoring, they would have a much easier time seeing the light. They are literally being blinded by their inabilit...
by technovelist
Wed Jul 10, 2013 11:57 am
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 60402

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

So it is okay on this forum to imply that Austrians are mentally unbalanced or emotionally immature? I guess that tells me all I need to know about the "civility" that we are supposed to engage in here.
by technovelist
Wed Jul 10, 2013 10:52 am
Forum: Gold
Topic: Reason #1 to Keep Buying That Gold
Replies: 52
Views: 10199

Re: Reason #1 to Keep Buying That Gold

Specifically how, though? In many ways. One of the most obvious is that they could set up a new version of SWIFT using their currency, preventing the US from interfering with their trade. Also, they would be able to import whatever they want without having to earn dollars. Need more? I'll come up w...
by technovelist
Wed Jul 10, 2013 10:40 am
Forum: Gold
Topic: Reason #1 to Keep Buying That Gold
Replies: 52
Views: 10199

Re: Reason #1 to Keep Buying That Gold

But what would that gain them? Tremendous economic power. Specifically how, though? In many ways. One of the most obvious is that they could set up a new version of SWIFT using their currency, preventing the US from interfering with their trade. Also, they would be able to import whatever they want...
by technovelist
Wed Jul 10, 2013 10:09 am
Forum: Gold
Topic: Reason #1 to Keep Buying That Gold
Replies: 52
Views: 10199

Re: Reason #1 to Keep Buying That Gold

Pointedstick wrote:
technovelist wrote: (By the way, I have already predicted that they would go on the gold standard sometime in the next few years.)
But what would that gain them?
Tremendous economic power.