Praxeology - Episode 16 - Economic Calculation

In this lesson, I continue my discussion on the nature of money and how it serves as a common dominator for calculation in a Capitalist society.

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[LibertarianChristian]

It's late, and a really hot night here in Australia... but where are your arms?

[praxgirl]

@LibertarianChristian LOL!

[prashantpawar]

@LibertarianChristian Government took her right to bare arms away.

[ronwandell]

It's harder to make economic calculations when the government screws around with the money supply.

BTW I love the little cute laugh at 9:27 ;-)

[Leobons]

@8:03 Rio de Janeiro :)

[AynManRand]

@Lightrider4444 Monetary system at THIS point in time. The thing about humans is they can look at information and make deductions, the Western monetary system is predictable and adjustments are being made around the world.  Which is the real reason we have hit the wall financially, international investors have had it with our shenanigans.

[machwon]

@Lightrider4444 The only people diluted is TZM. Tabula-rasa theory is bogus and that pretty much undermines the whole premise before we even get into showing all the problems with a money-less economy. Also TZM is dead, why are you people still trying to revive this zombie?

[Lightrider4444]

One other thing that you haven't mentioned either, now that I think of it, is the effect of growing and evolving in an environment that is increasingly artificial, both it its physical and psychological construction. We have generally lost touch with our natural environment, from which all "wealth" is derived. We're largely regimented, separated, individualized and disassociated from others, including our close family by social pressures. We are advertised to constantly affecting our values, etc

[Lightrider4444]

In any case, I look forward to your final lesson in which you indicate all the preceding nonsense was merely a demonstration of how a monetary system might have worked if we existed in a different universe. Or instead the prologue of how the human species ended itself soon after adopting the insane opinions of the economic clergy and their associated dogma. As much as I appreciate your desire and attempt to educate people about how they behave, you seem to be severely misguided by popular lies.

[Lightrider4444]

In addition, you have not even mentioned, in any of your "lessons" the value of working together for common goals that benefit an entire community and future generations. What the hell kind of psychopaths are you proposing we all are? I don't know of any single human being that existed of their own accord. EVERYONE NEEDS OTHER PEOPLE, PERIOD! It seems that you promote a value system of the individual that seeks only their own pleasure, desire, wants and greedy outcomes. What planet are you from?

[Lightrider4444]

How do you justify ignoring the social political and environmental consequences of this system and still claim that it is useful? You mentioned that the real world is already measurable using scientific methodologies, but then claim that monetary profit indicates the most efficient way to do things. How is that possible when money is entirely subjective? In what universe does money represent actual resources and not imperfect, biased and volatile human opinion? Do we even share a common reality?

[Lightrider4444]

Moreover, your belief in some Utopian free market libertarian society that still values gold/money is laughable if not sad. The free market is just another fantasy that economists use to promote the other falsehoods of money. It is not the "common denominator" when it is so uncommon that billions of people are starving, dying and oppressed around the world due to their lack of access to it. How can you consciously advocate for such a system that murders and destroys so much "intangible" value?

[Lightrider4444]

I just saw your interview on the BItcoin Show. Not bad.

Regarding this video, I don't know if you're being intentionally deceitful or merely completely deluded. Trying to separate the monetary sequence of value from the very real life value analysis and the consequences on such, is extremely negligent. Even now, in this day and age, with all the destruction, you don't seem to understand the consequences, intended or not, resultant from "corrupt government" or not, of your monetary system.