Wednesday, March 27, 2013

The Free Market Is Like Pure Water!

The empiricists have ruined even the average person's understanding of economics. The equilibrium power operating in the economy is not some hypothetical end point as the empiricists portray it. The fact is: the economy is always in disequilibrium and yet the equilibrium power is omnipresent, omnipotent and omniscient; always moving things towards harmony.

To those influenced by the fallacies of the empiricists the free market is some far off ideal, pie in the sky! How convenient to have bamboozled the propagandized in this way; then the State can pretend that its propaganda about the necessity of interventionism is the 'practical' way!

In reality all interventionism is a corruption of the economy.

The free market is always in existence, it is just masked in these - the Dark Ages of economics - by all of the blundering and plundering of the interventionists (and it is cumulative over time). Yet the good news is that at any instant if the intervention is stopped the economy will quickly recover.

The free market is like pure water that been polluted with all kinds of sediment and it is constantly being stirred and added to by the ego-driven interventionists. Humanity is growing sicker and sicker as it depends on this polluted economy for its life and livelihood.

But like I mentioned, the instant the stirring stops and the instant the sediment is no longer added the water improves. The sediment separates out and falls to the bottom. With a healthy injection of capital to cleanse out the remaining impurities the water returns to its natural, life-giving quality.

The next time you are conversing with someone who has been indoctrinated by the State about how the economy 'works' use this analogy to help them understand that the equilibrium forces will instantly replace any man-made and ego-driven apparatus with a pure substitute (alleviating that fear) and that the free market is ubiquitous and ready to be restored to purity for the benefit of everyone.

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Friday, March 22, 2013

Comparing The Market Process To Infinity.


The infiniteness of the market process has to do with the subjective nature of human choices by billions of people and the dynamic changes that happen spontaneously as the signals in the market process are perceived and acted upon. Whether it is technically infinite or not is a moot point because it is effectively infinite relative to the limited comprehension of human minds.
How can it be studied? By pursuing an understanding of the laws of human action.
What is the meaning of all of this? There is no moral authority to intervene in the economy and all intervention, necessarily, causes the corruption of the market process.
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Thursday, January 31, 2013

The Spirit Of Intellectual Property.

Humans are cabable of abstraction and in contemplation a human can discover something that was apparently invisible to others.

What is this invisible source? First of all it is infinite so we - as finite beings - cannot comprehend it, let alone claim ownership. In effect, those who have discovered something actually have a gift to share with others. To reap a reward for enriching the lives of others is part of the blessing of discovery, but to arrogantly claim that others cannot speed up the process of gifting or that the idea from the invisible source has some finite ownership (namely your own); this is an ego-driven claim and act.

Part of the problem has to do with the symptoms of the disease of materialism. All that is seen is the visible, yet undeniably, the whole possibility of discovery in the first place originated from the invisible! The spirit of the intellect is neglected because of this disease and all the fruits of the spirit of the intellect are made into objects, as if objectification can truly represent what has taken place.

Intellectual property can be reduced to some small fraction of its reality by humans small-mindedly trying to squeeze the infinite into a finite box. Then the box is carried around like a child guarding a bird's egg found in a meadow.

Or intellectual property can be understood as part of the discovery process: part of the active entrepreneurial spirit inherent in the human reality; thankful to those who discover the gifts; making sure that the gifts are made available to everyone as quickly as possible; and determined to create an environment that activates the latent entrepreneurial spirit throughout human civilization.

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Sunday, January 20, 2013

Bad Economics And Empiricism.

Henry Hazlitt defines bad economics as that which considers only what is the immediate outcome, and only what is the direct consequence of a proposed course, and only what the effect will be on one particular group.

In mainstream economics, what is the reliance on empiricism if not a snapshot? From the snapshot all kinds of interpretations are made but take a minute to think about what a snapshot represents. You take a picture of somebody buying dog food. There is nothing there other than that image frozen in time but from that image a whole host of suppositions are made and then upon those suppositions interventions into the affairs of people are suggested. Instead of calling it a snapshot it is given the lofty title of 'data' to make it sound 'scientific.'

Empiricism builds upon the snapshot ('data') and frankly it can go in whatever direction the interpreters wish it to go. For example, if the State is the one funding the 'scientific research' then the interpreter can interpret the snapshot in a way that is favorable to the State. This free rein of 'analysis' and 'policy' is very comfortable for the propagators of this system.

What is as evident as the Sun is that empiricism is a breeding ground of empiricism. Empiricism empowers the ego-driven interpreters and it empowers the ego-driven interventionists and these are the principle agents of the State.

The good economics of Henry Hazlitt stems from classical liberalism which rests upon subjectivism as the scientific method. Logic is what is relied on not some snapshot in time and place. Consequently the outcome is the complete opposite. Fundamentally there is no intervention into the economy so there is essentially no State and the whisperings of the ego-driven interpreters are scoffed.

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