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"Also, this will derail the thread, but why is it that so many libertarians like the movie "Fight Club?" After I saw it, my conclusion that it was anti-capitalist even by our definition of it." - SkepticalMetal Because it was anti establishment in general, and because it was reactionary against the general pussification of the American
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The mechanics of returning to a gold standard is a question/endeavor that misses the point. No one knows what the standard should be. If anything, the question should be reframed more along the lines of, "How to end the government monopoly on the issuance of currency so the market can find solutions." The market will determine what standard
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[QUOTE] Growth of what?[/QUOTE] Good question. It's one of those terms people bandy about without stopping to think what they're actually refering to. The answer to just what the hell is economic 'growth' would sure have a bearing on whether or not GDP can even approximate a measurement of it.
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Econometrics are essentially useless except as historic indicators with the very MASSIVE caveat that they be calculated somewhat consistentyly during the time period in question. Like prices, they have no predictive power and can't actually tell you anything about the fundamentals of any given situation. They can just tell you whether A or B did
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The taxes and penalities would be heavy, works out to around 40% I think all told, depending on the type of account. There are gold based IRAs you can roll it into I believe, if that's what you want to do. That would allow you to keep the full amount, have a gold based IRA, and use your current company's 401k and match if they have one to build
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I think they use a similar process to strip and then re infuse THC into government weed given out to the few people who get it. Supposedy their weed ain't that great, similar effects to marinol. There's lots of canniboids, it's perfectly possible some are harder to extract than others. I've always wanted to make an absinthe imitation
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Just get a cigarette rolling machine and roll your own and stick em in a Marlboro box or something. Not fool proof, but unless someone is intent on finding you and localizing the smell, you'd likely be okay. I have several friends who did/do this, works like a charm for the most part. My solution, when I still used weed, was far more elegant: brew
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[QUOTE]Doesn't the libertarian philosophy just suppose all these private jurisdictions will somehow "obey" the principles of voluntarism? [/QUOTE] No. It supposes that if enough individuals obey voluntarist principles, then so will the agencies, organizations, and institutions they create, even if a minority don't hold those principles
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"However, if someone mines gold, for instance, and adds that currency to the market, similar to counterfeiting, it immediately gives the goldminer the advantage of wealth due to being the first person to essentially have "extra" money in the given market. Yet Austrians do not view this to be a bad thing but a natural progression of free
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Market failure, as mentioned, usually means something happened that people don't want, or say they don't want but demonstrate via their actions that they do want. Basically they're trying to apply a categorical judgement of "This is what should have happened" to a marginal system that simply reflects the result of the actions of