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I am not sure but to me the the Calculation Problem springs from the core issue that all goods have alternate uses. So the entrepreneur as part of their plan must not only judge land, labor and capital on a technical basis but must also weigh the basis of their expected scarcity. And by far the most accurate, the only accurate, measure of scarcity is
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First how do you measure the efficient allocation of resources? And once you have that you need to measure the purpose to this allocation which is the satisfaction of millions of individuals. Keep in mind that individual preferences are amazingly complicated and individuals face a vast number of decisions in the conduct of their daily lives. So how
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Sure, the charge for a crime would be up to the victim or those who choose to represent the victim. In this case other relatives would have charges as would acquaintances, friends, etc.
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And Texas isn't going to get it.Texas like most of the other states is in debt to the US Fed and its banking cartel. So they provide the money and they decide who gets loans and who doesn't. And guess what if Texas pushed and if the Supreme Court agreed with them then Perry would back down like he did on other issues before as he would run scared
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The effects would depend on these factors unique to using a real commodity as money versus paper or worse electronic fiat money: 1. There are real costs of finding, extracting, and coining the gold. Consequently the lowest the gold could drop to is the price of these activities. And here the coining cost will be the same regardless of the cost of finding
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Two courses in Micro-Economics and unfortunately one in Macro-Economics/Keynesian Gibberish. I am currently helping my girlfriend with her Micro and it is awful. They have whole chapters on "Market Failures",. "Positive and Negative Externalities", and two full chapters on Monopoly. And the bad part is that I do not believe that
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The response that the same applies to a brick and mortar business is not quite accurate as the likelyhood of violating copyrights and patents without even noticing it seems to me to much greater. LRC has had several issues with linking to articles and then being threatened with law suites for just linking. And then there are crazy patents: Double Click
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Why not say the US Dollar increased 23% in value against the bitcoin. Is that equally less plausible? Why is the US Dollar being created at a rate of $85 billion per month increasing in value relative to the bitcoin? The point is that any electronic asset that can be traded rapidly is going to have huge moves against a fiat currency decreasing in value
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I would not go that far but Rand Paul is certainly less consistent in his support for liberty and private property than his father. I find it odd that Rand voted at least for one of these anti-Freedom MDAA votes: http://www.examiner.com/article/sen-rand-paul-voted-yes-for-the-650-billion-2013-ndaa
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Ahh, I forgot to include threats of force, theft or fraud in addition to the acts themselves. If you include threats of force, theft or fraud then you have to have the two concepts as one person could threaten another and get them to act in a certain way against the preference of the threatened individual AND not violate the private property rights