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overtheedge
Member since May 2012
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Copernicus, Galileo and Gold. Part II

- Hugo Salinas Price - Plata.com

"The science of Economics cannot develop and cannot possibly be of use to humanity, unless it takes as its starting point the fact that gold is money and the center of the economic universe. "

There is no science of economics. Nor politics, sociology or psychology. They are by definition: philosophies.

Evidence? Science begins wit the hypothesis; the question. Next it must be tested using the scientific method. Replicability of the test is absolutely mandatory.

Finally after overwhelming evidence is complied through testing of multiple hypothesis is a theory developed.

Statistics as a tool is worthless for science, but integral to philosophy.

Science depends on causality. Statistics relies on correlation.

Philosophy with all its step-children is nothing more than opinion. Science doesn't care what your opinion is.

Making predictions based upon philosophy is akin to augury by goat entrails. Science identifies each organ and its function in the goat's former life process.
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Claiming any segment of philosophy as science is just a desperate measure to legitimatize opinion. Oh and let's not forget the need to earn an income by reading goat entrails. That PhD wasn't free.
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Otherwise an excellent analysis. After all, gold is what it is based upon 1000's of years of opinion. Or you can trust the opinion of the last 40 some years by pseudo-scientists reading goat entrails.

Commented 3965 days ago

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Beginning of the headline :The development of Economics and the development of Astronomy share interesting parallels. Aristarchus of Samos – the Greek island that produced Pythagoras – was born in 310 B.C. Aristarchus set Astronomy on the path that would have led to its correct development by postulating the Sun as the center of the Universe, with the Earth revolving around the Sun while revolving around its own axis; he also set the planets in the correct order of their distance from the Sun. Unfortunately, the preconcei... Read More

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