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Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.


  • Re: Economic calculation and high-frequency trading. Can a computer economically calculate?

    [quote]Interesting subject that doesn't get enough play IMO. What I see as the major flaw for HFT is its lack of subjectivity, mathematical algos can compete on an objective basis, but what hinders algo's from always optimizing trades is subjectivity. The markets need subjective actors who follow their own valuations against the proper objective
    Posted to Economics Questions (Forum) by Giant_Joe on Fri, Jul 22 2011
  • Re: Don't buy Bitcoins (video)

    Neilso, I think we're getting off track anyways. What bothered me was what you said here: [quote]You can have infinity inflation from one day to the other.[/quote] This isn't true about bitcoin. It is up to you to show that it is true. [quote]It is irrational to trade something which is a good for something which is not a good .[/quote] If people
    Posted to General (Forum) by Giant_Joe on Sun, Apr 24 2011
  • Re: Don't buy Bitcoins (video)

    [quote]The fact that the USD can be inflated by the monopolist does not make it rational to trade away valuable goods for useless scarce bits.[/quote] That's a judgment call and not something universally true, as evidenced by the fact that at least a few people have have performed such exchanges. How do you define rational here? In the praxeological
    Posted to General (Forum) by Giant_Joe on Sun, Apr 24 2011
  • Re: George Mason vs. Mises Institute

    [quote]1) What is the imagined/predicted role of *private* deposit insurance in a fully free society? I've read this whole thread without seeing any mention of it: is that because there is an argument that it won't emerge in a free-banking/frb setting? [I have the online version of Selgin's free-banking document queued up for reading, so
    Posted to Economics Questions (Forum) by Giant_Joe on Sun, Apr 24 2011
  • Re: My thoughts on the forum software

    Sounds like good stuff. Thanks, Israel. Neilso, [quote]I would volunteer. But there is nobody I can offer it to because Jeffrey Tucker nor anyone else is responding to email or questions elsewhere. I'm suspecting this is because Jeffrey and the technical people (I have no idea who they are) have an idea of what they want and are not interested in
    Posted to General (Forum) by Giant_Joe on Sun, Apr 24 2011
  • Re: Don't buy Bitcoins (video)

    [quote]That's the best answer I got in defense from a completeley legit and important question. And you're saying they don't have that potential?[/quote] Yes. I read the papers and get it.
    Posted to General (Forum) by Giant_Joe on Sun, Apr 24 2011
  • Re: Economic Calculation Problem Debunked!??

    I skimmed part E, since that's about economic calculation. It basically says accounting and banking are unnecessary. Money is unnecessary. They use up resources that could otherwise be used to realize a socialist system. There is no rationing mechanism necessary since socialism = utopia.
    Posted to Economics Questions (Forum) by Giant_Joe on Sat, Apr 23 2011
  • Re: Don't buy Bitcoins (video)

    [quote]People bring up the status of the USD a lot in these discussions, but however bad the USD dollar is does not make bitcoins any better.[/quote] Let's see... The USD is awful and used as a medium of exchange. It has the potential to suffer hyperinflation. Bitcoins are awful and have the potential to be a medium of exchange, and don't have
    Posted to General (Forum) by Giant_Joe on Sat, Apr 23 2011
  • Re: What would you do?

    [quote]This is the problem with objective property theories versus property as defined under customary law. The rigidity of even the strictest system of property rights is an illusion, as probably best illustrated in The Myth of the Rule of Law . While it is certainly true that systems of social order characterized by strong respect for property rights
    Posted to General (Forum) by Giant_Joe on Thu, Apr 21 2011
  • Re: new here, exploring ideas.

    [quote]I'd also like to explore what a market anarchist society would look like in terms of social mobility and class relationships. I've never really seen an an-cap act too concerned about those things though, but maybe I'm wrong.[/quote] Read some Hoppe or watch some of his videos. You might like "Democracy: The God that Failed"
    Posted to Newbies (Forum) by Giant_Joe on Thu, Apr 21 2011
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