Reply to: And the winner is...

[TimberWolf]

Just when I thought atW had plumbed the depths of economic BS, I read this...

We can all BS in economics...

[TimberWolf]

So would want money to be linked to reality : like being on the gold standard.

It was going off the gold standard earliest that saved us from the worst of the great depression.

Economics makes a huge amount of difference to everyone : Any implementation of atw's policies would send us back to the dark ages.

I am not going to pretend I know alot of economics : but I know a pile of s**t when I see it.

No quite, since Gold can't do work. It's a rare element with no intrinsic value, excepting its properties that enable work to be done. Its value is not stable, or a law of physics. Interestingly in the dark ages, money probably was linked to energy. Then things went horribly wrong about 5-10,000 years ago when fictional money arrived on the scene.

[sasguru]

I havn't thought through all the minutia of how to unify money with energy, but I had considered intellectual and other value added work. The value of SKA for example would be represented by what someone would pay for it in terms of a monatary unity, just as before, but now that unit would be the joule rather than something fictional like money or the energy it would release by being burnt. We could always work back to see if something was being overvalued though. Sorry, can't go into more details - it's presently just a half-baked economics theory that I doubt I will take further

Just when I thought atW had plumbed the depths of economic BS, I read this...

[BrilloPad]

Having read the views in the thread, I would say Atw clearly has the edge.

Do you mean edge as on the edge of a nervous breakdown?

Lets hope whichever secure unit he goes to has no internet access....

[BrilloPad]

IMO economics has no solution and one opinion or theory is as good or carp as the next. Its foundation, money, isn't even a real quantity FFS. Surely this isn't news, considering all the carp we get from 'real' money experts? Unify money with energy I say (inflation would be impossible without violating the laws of physics) - and the units are the same (work done, measured in units of Joules/jewels)

So would want money to be linked to reality : like being on the gold standard.

It was going off the gold standard earliest that saved us from the worst of the great depression.

Economics makes a huge amount of difference to everyone : Any implementation of atw's policies would send us back to the dark ages.

I am not going to pretend I know alot of economics : but I know a pile of s**t when I see it.

[sasguru]

Having read the views in the thread, I would say Atw clearly has the edge.

There is a good book called "The Confederacy of Dunces" I believe

[TimberWolf]

It won't cover plenty of cases where intellectual efforts are involved, meaning we will go back to the stone age where firewood and some food were top priority. Perfect scenario for backwards countries whose main asset is the oil in the ground dug out using equipment invented in the west.

I havn't thought through all the minutia of how to unify money with energy, but I had considered intellectual and other value added work. The value of SKA for example would be represented by what someone would pay for it in terms of a monatary unity, just as before, but now that unit would be the joule rather than something fictional like money or the energy it would release by being burnt. We could always work back to see if something was being overvalued though. Sorry, can't go into more details - it's presently just a half-baked economics theory that I doubt I will take further

[BlasterBates]

Having read the views in the thread, I would say Atw clearly has the edge.

[AtW]

Unify money with energy I say

It won't cover plenty of cases where intellectual efforts are involved, meaning we will go back to the stone age where firewood and some food were top priority. Perfect scenario for backwards countries whose main asset is the oil in the ground dug out using equipment invented in the west.

[TimberWolf]

IMO economics has no solution and one opinion or theory is as good or carp as the next. Its foundation, money, isn't even a real quantity FFS. Surely this isn't news, considering all the carp we get from 'real' money experts? Unify money with energy I say (inflation would be impossible without violating the laws of physics) - and the units are the same (work done, measured in units of Joules/jewels)

[BrilloPad]

Well I read the other thread and I thought AtW won it hands down.

His economic and other views and theories are no more carp than others expressed on this forum and his search engine appears to be progressing quite well considering the scale of the effort required. I’d give it the benefit of the doubt for some years yet, for a project as mammoth as that.

He should never be allowed to own a gun in the UK though…

Nice avatar btw

[AtW]

Nice avatar btw

Yes I quite liked it too.

[TimberWolf]

Well I read the other thread and I thought AtW won it hands down.

His economic and other views and theories are no more carp than others expressed on this forum and his search engine appears to be progressing quite well considering the scale of the effort required. I’d give it the benefit of the doubt for some years yet, for a project as mammoth as that.

He should never be allowed to own a gun in the UK though…

Nice avatar btw

[AtW]

Only if you promise to spend it on a hooker and get some of that virginal frustration out.

Sure, I'll leave the money until I am 90 years old or so: my natural charms will probably get a bit blunt by then, so I might need the money.

Go on then, I called your bluff mate, you now need to organise collection of £100 - this is essentially a bet, so you need to cough up with the money - I promise you that if I break my word and post in 2009 I will return you the money and 50% on top

[DiscoStu]

For £100 I will stop posting for a year, that's only 30 pence per day (or less). Would you organise a collection for me?

Only if you promise to spend it on a hooker and get some of that virginal frustration out.