Viewing profile — ergoproxy

> you acknowledge that it is the individual behaviors that are necessary for the complex structures to exist. Monopoly pricing and price fixing are not any of the individual behavi…

> That makes no sense. If all participants cannot influence the price, then where does the price come from? You are assuming that the dynamics of an economic system is nothing but …

I was speaking specifically of monopoly power, i.e., the power to raise or lower prices in the market. And no, neither government nor private firms should have this power. Monopoly…

I have a different take on this article than most. I'm a proponent of Classical economics, and I reject all modern schools of economics--neoclassical, Austrian, Keynesian, etc. Cla…

My Erdős Number is 4: Me->Mukkai S. Krishnamoorthy->Joseph E. Flaherty->David C. Arney->Paul Erdős For a time, it appeared to be 2, but Paul Erdős and the Erdős-1 mathematician wit…

If you sent a Wuphf (pronounced "woof") to someone, the message went to the recipients' home phone, cell phone, email, fax, pager, Facebook, twitter, and AIM. The original WUPHF.co…

Gary Gygax was a Christian. In February 1969, he wrote an article in IFW Monthly explicitly stating he was a Christian and making an argument why Christians shouldn't celebrate Chr…

Apparently, Harvard's copy of Practicarum quaestionum circa leges regias is actually bound in sheep skin, not human flesh, at least according to this article: "Harvard Law School's…

Letting the banks fail doesn't entail doing nothing and letting people suffer. Hank Paulson's bank bailout proposal got rammed through Congress by the Bush Administration without m…

> Would humanity never ever have invented these technologies without war ? Not all economic growth is good growth. There's bad growth too. Like anything else, war has costs: (1) Pr…

The article doesn't address the question: Why has the GDP share of the FIRE sector recently grown so much so fast? If its growth were the result of increasing authentic demand for …

I'd hardly call the Fed's response to the current crisis a success-- The U6 unemployment rate for the US is currently 12.6%; when we add back housing, healthcare, food, fuel, and e…

It's debatable how much of this we can honestly attribute to the military-- Leó Szilárd and Enrico Fermi patented the idea of a nuclear reactor in 1933. The military didn't invent …

Smoke and mirrors aside, the taxpayers have actually taken a huge loss on these bailouts. The official figures say: $608.9B out; $621.4B in. Looks like a $12.5B profit. But looks c…

> Banks bear risk. TBTF banks don't bear any risk. In 2008-9, they socialized their risk, forcing US taxpayers to bail them out, after making too many bad bets.

This recently posted YouTube video by UNSW Professor Norman J. Wildberger discusses the discovery of the quaternions by Hamilton and the subsequent discovery of the octonians. It's…

In the second half of the Keiser Report: New Crypto Phenomenon Ethereum (E569) (published Mar 1, 2014), Max interviews Charles Hoskinson, a cryptographer and one of the people behi…

Can't say I was disappointed by this article, because I've grown to expect so little from the press: Unfortunately, media coverage tends to be sensational and topical. Here we see …

While the author is correct to admonish the news media for its incorrect use of words like 'speed', 'throughput', 'bandwidth', etc., the author has much to learn about the economic…

The topic of dilapidated mansions on "Billionaire's Row" in London was also discussed on the Keiser Report, episode 558, Feb 4, 2014: http://www.youtube.com/watch?v=ni9AfsK5EdY&t=4…

"Every man has a Property in his own Person" (John Locke, Two Treatises on Government ). As a libertarian, self-ownership is a central principle. Most people don't have any assets,…

They forgot about Sales Secret #6: Sell Girl Scout Cookies Outside Marijuana Dispensaries: "According to her mother, [Danielle] Lei sold 37 more boxes catering to the munchies crow…