4/22/2013 Portland, Oregon – Pop in your mints…
The world keeps turning and has become quite unpredictable. Check that, it has always been unpredictable, the realization of one’s inability to predict what will happen comes with age.
On one hand, money supply measures around the globe are going through the roof, as is indebtedness. On the other had, the underlying economy, which had barely picked itself off of the canvas, appears to be up again, ready to be pile driven once again. What is one to make of it?
The Bitcoin is once again racing ahead in USD terms, while Gold and Silver peel themselves off of the pavement after encountering a steamroller in their path (as an aside, it will be interesting just how much $1,350 gold and $23.50 silver can be delivered, our guess is, not much.)
Our upcoming eBook, Natural Law and Economic System Fluidity – Marx and Rand together in perfect harmony, wrestles with unexplained economic phenomena such as the seeming impossibly of Capitalism and Socialism coexisting in harmony with one another, which are rapidly becoming important.
The following is a brief excerpt of our latest offering, scheduled to release late this month. Enjoy!
A Tale of Two Responses to Anarchy
In the current economic debate that rages between the productive virtues of what is referred to as Capitalism and the humanistic virtues of the Socialist ideal, it has become fashionable to assume that the virtues of one system, were its guiding principles put into action at once by all of the members of society, would eventually bring about the virtues promised by the other system in a peaceful manner.
This narrow, apologetic view taken by Capitalists and Socialists alike ignores the fact that the systems are wholly incompatible. It also ignores the fact that mankind is in a constant struggle to bring order to surroundings that are inherently anarchic in nature. The only laws that must be adhered to are natural laws, which are explored in section II of this volume.
For purists on either side of the ideological fence, compromise on any point is a slippery slope, and in the sense that the two systems are wholly incompatible, the view is technically correct. However, most economists miss the fact that it is perfectly normal and beneficial for each system to operate side by side. In fact, it is the only way in which mankind can reap the benefits of both systems at once.
All humans live and operate in both systems to some extent. The Capitalistic system is best equipped to organize resources on a grand scale and provide material goods for the greatest number of people, the Socialist system is the system that offers refuge from the rigid and unrelenting demands of the Capitalistic system’s incessant response to anarchy and the demands of natural law.
This refuge is commonly referred to as the family, and it can be observed operating the world over in all shapes and sizes.
The inescapable fact that Capitalism and Socialism are at once incompatible and completely reliant upon one another is the basis for the Theory of Economic System Fluidity.
More to come as we hack and slash our way through the draft.
Stay tuned and Trust Jesus.
Stay Fresh!
Email: davidminteconomics@gmail.com
Key Indicators for April 22, 2013
Copper Price per Lb: $3.14
Oil Price per Barrel: $89.36
Corn Price per Bushel: $6.46
10 Yr US Treasury Bond: 1.70%
Mt Gox Bitcoin price in US: $126.75
FED Target Rate: 0.15% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,424 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.6%
Inflation Rate (CPI): -0.2%
Dow Jones Industrial Average: 14,567
M1 Monetary Base: $2,437,900,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base: $10,645,600,000,000
You must be logged in to post a comment.