MenKlash

joined 1 year ago
[–] MenKlash@kbin.social 0 points 11 months ago

I'd prefer the term statism, but I agree with you.

[–] MenKlash@kbin.social 1 points 11 months ago* (last edited 11 months ago) (1 children)

I mean if you’re gonna criticize the whole capitalist system sure.

  1. The Federal Reserve purchases assets and thereby increasing bank reserves.
  2. The banks expand credit and consequently the money supply.
  3. All prices are raised, and the rate of interest is artificially lowered.
  4. Misleading signals to businessmen starts to emerge, causing them to make malinvestments.
  5. Businesses overinvest in capital goods and underinvest in consumer goods.
  6. As the "time preference" of the public have not really got lower, consuming is preferred over saving.
  7. There is a lack of enough saving-and-investment to buy all the new capital goods.
  8. Then, "depression" originates in order to reestablish the consumer's old time-preference proportions.
  9. The banks return to their natural and desired course of credit expansion...

FIAT money is independent of capitalism. Its coercive existence leads to distortions of relative prices and the production system, as government and its central bank will always tend to be inflationary.

[–] MenKlash@kbin.social 0 points 11 months ago (4 children)
[–] MenKlash@kbin.social 1 points 11 months ago

In other words there’s no hope

Privatize everything.

[–] MenKlash@kbin.social 3 points 1 year ago* (last edited 1 year ago)

No amount of prolix explanation excuses even the act of stereotyping.

It depends on why and how you use stereotypes.

Prejudice only properly refers to judgments formed without consideration of the available information.

Prejudging is legitimate when we do not have all the relevant facts of an object or subject, having to resort to inductive reasoning in order to try to induce and predict its individual characteristics.

It's all about trying to make new information about someone or something, so we can economize information.

[–] MenKlash@kbin.social 1 points 1 year ago* (last edited 1 year ago) (2 children)

The politically correct bien-pensants always fail to recognize that stereotyping is a form of inductive reasoning. If you see something repeatedly, but not necessarily without fail, you form an opinion, which is layered with a degree of truth. A subset of the human race, based on ethnicity, inclination, or geography, will spring to mind after reading each of the following words: financier, migrant worker, male flight attendant, NASCAR driver, sprinter.

I'm sure most of us immediately conjured similar images. Yes, it is unfair to impose a group characteristic onto an individual, but we did so nonetheless. To belabor the obvious, each of us is an individual, not a group. When the stereotype is proven fallacious for an individual, move on.

[–] MenKlash@kbin.social -3 points 1 year ago

Some people care about the latest thing, regardless if it directly affects them or not.

[–] MenKlash@kbin.social 53 points 1 year ago (18 children)

I HATE INTELLECTUAL PROPERTY I HATE INTELLECTUAL PROPERTY

[–] MenKlash@kbin.social -4 points 1 year ago

Examples like the Free Republic of Liberland were victims of the still existing institutional coercion.

Agorism is the way to abolish the apparatus of compulsion and coercion, and it's a long-haul goal.

[–] MenKlash@kbin.social -5 points 1 year ago (3 children)

If my taxes raise, that’s ok because I can choose to ditch my car

What about the ones who didn't want their taxes to be raised? Taxation is involuntary servitude, and no end can justify robbery.

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