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  • Re: Hazlitt = Strawmanner of Keynes

    Buzz has merely demonstrated that he understands neither what wealth is nor what purposeful behavior is for. Nor what welfare means, nor what production is. Why do people do anything? To satisfy their wants. Wealth increase is increase of the number of wants satisfied by some people without causing wants of other people to be not satisfied. Why? Because
    Posted to Economics Questions (Forum) by thelion on Wed, Feb 13 2013
  • Re: Proudhon vs Bastiat on Justice of Charging Interest

    Proudhon: Y'know the bible says you mustn't charge interest ... or you go to hell. People who charge interest are no good that's what I think. Look the bible agrees with me too. Bastiat: Who cares? Proudhon: I thought you did, being Catholic and all that. It says right here: blah blah blah you can't interest blah blah blah. You disagree
    Posted to Economics Questions (Forum) by thelion on Fri, Feb 8 2013
  • Re: Walter Block makes $175k per year

    Good for Walter Block. I'm happy for him. Seriously, do you prefer him making less than random socialist bureaucrats?
    Posted to General (Forum) by thelion on Fri, Jan 4 2013
  • Re: Bathroom breaks banned on factories?

    So they forbid urination breaks while working. In Russia, people working in such conditions would just piss on the floor somewhere, or somewhere nearby, and the low level supervisor would probably do the same. When is the last time you saw somebody spit on the floor in the USA inside a building? OF course, only in bad conditions, but Europe is full
    Posted to History (Forum) by thelion on Fri, Jan 4 2013
  • Re: Bathroom breaks banned on factories?

    This is what happened, then. Workers would wet themselves ... I doubt it. They'd just urinate in a corner somewhere and so much the worse for the boss. Although I do not approve of the particular behavior in that film, since its a different context and the guy and the kid are breaking NAP.
    Posted to History (Forum) by thelion on Thu, Jan 3 2013
  • Re: WTF Chemistry/Physics - LIGHT

    The alternative hypothesis is that curvature of space-time and conservation of energy causes inertia. See my post above regarding the best verbal description of how. Curvature has actually been measured and is already part of every geometry (sometimes it simply 1 , in which case it is ignored, or a constant, which gives the two simplest non-euclidean
    Posted to General (Forum) by thelion on Thu, Jan 3 2013
  • Re: Voluntaryist Reader: Is High-Frequency Trading Detrimental to Markets?

    To Anenome, there is a fee per trade (not per units of stock traded), several dollars, plus a commission of the entire amount of funds moved. Always. No matter if gain or loss. That is why if you trade but get less than around 30-40 per cent profit, you are below the bottom line and lose money even when it appears you gained money. Next. ToxicAssets
    Posted to Current Events (Forum) by thelion on Thu, Jan 3 2013
  • Re: Voluntaryist Reader: Is High-Frequency Trading Detrimental to Markets?

    It's been around since late 1990's if a company could get a fast connection and the computers (very expensive). It's just easier now. And so more companies do it now. It has always required many resources to get any benefit from (remember, tiny gains per transaction, huge risk, so you need to operate with millions of dollars and have a few
    Posted to Current Events (Forum) by thelion on Wed, Jan 2 2013
  • Re: Voluntaryist Reader: Is High-Frequency Trading Detrimental to Markets?

    [Quote] You are saying that given your ethical beliefs, HFT seems to be ethical. That's ok. But that's not very important anyway. What's important is what HFT can do to the P&L of the NYSE, for example. If it hurts their P&L, probably the NYSE will look for ways to limit it's growth. Whether it is by imposing internal rules or
    Posted to Current Events (Forum) by thelion on Wed, Jan 2 2013
  • Re: Voluntaryist Reader: Is High-Frequency Trading Detrimental to Markets?

    Detrimental or beneficial refers to consumer preferences, which division of labor and trade attempts to satisfy. Otherwise people would neither specialize nor trade. The market, which is voluntary, is beneficial by reason of being voluntary by both sides in every exchange. Each prefers the outcome of the trade to not trading. The goods exchanges change
    Posted to Current Events (Forum) by thelion on Wed, Jan 2 2013
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