Discord ID: 753453703008223356
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Its based in America but I'm not quite sure what you mean
He's probably going to link cockshott or smth
All you've established is that during a recession most economists predict that prices will be affected more by demand than they are but that doesn't establish that supply and demand aren't the fundamental factors predicting people's economic activity
things like the labour theory of value are archaic theories that attempt to provide an objective measurement of value just like you raged at marginalism for with their marginal utility, obviously value is subjective not objective
Marx was just working off of Adam Smith and David Ricardos theories which were wrong
even his theory of explotation works off of faulty assumptions that they both made when it comes to value
Well I obviously think that there is an empirical correlation between labor and price I think that the fundamental factors that are going on within the economy is the people have subjective preference for the product not the value that went into making the product
Like you can explain the empirical evidence you see when it comes to someone like cockshot for example within a subjective theory of value
I don't think the value of a good is dependent on the labor necessary to produce the good
Obviously when we make mathematical models it's there's a big correlation but I don't think that means that they're actually is some sort of objective factor that is actually predicting what the price is going to be it seems like it's based on subjective preferences
So I can't pretend to know exactly what modern Marxist argue for like maybe certain of his theories were vindicated by neoclassical economics or something but when I generally conceptualize the labor theory of it seems that marx was developing a system of economic prediction based off of these other thinkers of his time and they held the opinion the price of a commodity is the same as the labor that is expended to create it and that's how we came up with this theory of exploitation now if you're arguing for something different I don't totally know because Im basically rejecting his theory of exploitation because he's starting from false premises
Friedman was a retard for rejecting ABCT
well I obviously dont think all interest is usury or whatever
but I think what hammer and sickle is saying is that ABCT doesnt describe the nature of modern business cycles which I agree with but thats because of the government/central planners/private banks or whatever we want to call them
i assumed it was meant to represent a hammer and sickle
ive also seen empirical evidence to suggest it accurately described the great depression
well that may have worsened it under FDRs years but lets not forget it originally started with hoover
idk if he got us out do you have any articles on that?
not saying "umm provide a source" im just interested cause ive never head that
rothbard vindicated once again
why yes I am a pure phoenician, how could you tell?
well having too high an interest rate is obviously bad but I don't think you can have an economy without interest due to the time value of money
well its an implication of time preference, but specifically the time value of money
@slavecaste we see you sodomite apeling
Parroting Puppet, you are a terrorized member of the "MASTER RACE" worldwide 4 BILLION eye-sight television camera guinea pig Communist Gangster Computer God MASTER RACE! You're LIVING, THINKING mad, deadly worldwide Communist Gangster Computer God SECRET OVERALL PLAN: WORLDWIDE LIVING DEATH FRANKENSTEIN SLAVERY to explore and control the ENTIRE UNIVERSE with the endless "STAIRWAY TO THE STARS" - namely the manmade inside-out planets with nucleonic powered speeds MUCH faster than the speed of light! Look up and see the Gangster Computer God concocted NEW FAKE STARRY SKY! The worldwide completely controlled deadly degenerative climate and atmosphere through the new world round Translucent Exotic Gaseous Envelope which the worldwide Communist Gangster Computer God MANIPULATES through countless exactly positioned satellites; THE NEW FAKE PHONY "STARS" IN THE SYNTHETIC "SKY"!!
@Erlik ᚯ thank u wolen, we love God's own empire (the British Empire)
do i still have the ping role?
whoever took my role fuck u n1gger
@Erlik ᚯ thank you for your sevice to the youth
@Erlik ᚯ he said he was adopted
they're prolly his adopted parents
of course hes fucking korean @Erlik ᚯ
japanese are the english of asia
@yunakim arent koreans supposed to be larping as the real chinese?
@yunakim live action roleplaying
@yunakim do you know what an initialism is?
meds know more about korea than koreans lmao
yale/harvard = nouveau riche larp
@yunakim how did they let you into harvard when you don't even know korea larps as ming
are you on drugs? its like if I said "lol" do you not know what that means?
is "lol" or "lmao" or "gtg" beta internet talk
man i'd hate to be so insecure about seeming professional that i can't use initials
bruh you're literally on discord, stfu
or can i not say stfu cause u dont know what it means?
nobody thinks you saying "if you're so smart go to harvard" makes you look cool or above anyone
it's the same as if you called everyone basement dwellers, like theres nothing about you that makes you unique from anyone else on discord
@yunakim cause im also in a discord call that you're in?
what is gt? dont use your internet speak around me
@yunakim you won't get into investment banking unless you have a numerate bias, imagine thinking you can make it on wall street if you can't do hard math
if you could do it you'd be going for a degree in it
@yunakim when they see you have a humanities degree
@Erlik ᚯ dutch = koreans
germans = chinese
japanese = english
woland you should start serbiafirst.live
@POTUS George W. Bush. are you 16 years old?
are these two the same people?
@POTUS George W. Bush. read Matthew 1 in russian
wait no read luke 14 in russian
my profile picture is a world famous virtual youtuber
Of course the beastial mediterranid wants to deny the simple truths of the gospel in relation to the curse of canaan
Germanics are Israelites aka the chosen people of god
314 total messages. Viewing 100 per page.
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