happy pigs, in shit
most of the publishing truer (e.g., “austrian school”) praxeologists have missed the core disconnect between currency destruction and hyperinflation of prices. what is keeping prices comparatively stable after the recent ridiculous credit expansion?
that great buffer of human stupidity: illusion.
tell most of the GS (goonited state) slave tools that the counterfeit money of the official crime syndicate has value, and it not only appears to them to have value, it has the operating property of value (because they believe it).
because they believe it, the mechanically worthless paper and associated electronic squibs have trade value even to me, a clean disbeliever. because they believe it, hyperinflation may be forestalled years beyond the point predicted by the only topically intelligent.
this post could instead be a 5,000-word article. not going to do it. the key to understanding economic uncertainty has been explained, using standard praxeological precepts of value. forecasting human action is impossible, at least until viewed through the eyes of the stupid human gullible compliant mass, which will rebel in a K-mart checkout line over a 3-minute delay but not when a gun is aimed at their faces throughout their “lives”. good luck with that.
February 17th, 2010 at 14:12
[...] LvMI, in an article tailor made for my post on the subject, the boys at the onion do it in style: [...] “It’s just an illusion,” a wide-eyed [...]