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Hello all, regarding the "Pure Theory of Capital," p. 197 has some capital triangles of Hayek's but they are multidimensional. Can anyone point me toward a deeper understanding of these figures? Other books, papers or videos, that a knucklehead like me can understand? Thanks
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I heard that in the last fiat collapse in Czechoslovakia that those little airline-sized bottles of hard liquor were in high demand as a unit of measure for all kinds of trading.
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Thank you for this, but it is taking some time to digest.
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Ok, elsewhere I sought guidance to understand Hayek's Triangle and the distribution of capital. But this structure of capital is distended and warped by centrally planned interest rate manipulation. In these discussions of how interest rates warp the structure of capital, we only seem to acknowledge one "interest rate" that is the driver
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Could George Washington really overcome King George? Apparently, yes. And it only took a few years.
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So inflation has a structure to it as well? http://libertystreeteconomics.newyorkfed.org/2011/06/a-closer-look-at-the-recent-pickup-in-inflation.html
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[quote]Mercator, do you see a difference between accusation and conviction? Or did you happen to be there in DSK's hotel room and see the whole thing with your own eyes?[/quote] Well I am in no position to do legal harm to Mr DSK, so my preconceived notions won't probably upset him too much. Of course I respect "innocent until proven guilty
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@Clayton I suppose you mean my post about the DA in New York. I was trying to foment some discussion by going along with the spirit of your posts. I think that you have assumed that my post was derisive sarcasm. It wasn't. Ok? I'm here to learn Austrian concepts from you guys. Don't let me down.
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[quote] [quote]Let's keep repeating to ourselves: "War is peace. Freedom is slavery. Ignorance is strength." Oh, and "the Government numbers on inflation and GDP are right. I know because a Statist blog said so."[/quote] Cool ad hominem. [/quote] You're right. Fair enough. Sorry. I disagree with your source because I think
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Let's keep repeating to ourselves: "War is peace. Freedom is slavery. Ignorance is strength." Oh, and "the Government numbers on inflation and GDP are right. I know because a Statist blog said so."