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Mind the Theory
- Thorsten Polleit -
Thanks. On your points, one by one :
- Japan having no inflation. Prices in Japan should have plummeted, which was not possible because the debt structure would have crushed the banks. Prices being stable can very well be the consequence of very high inflation, when prices should have fallen,
- On boom and bust in the gold standard. Boom and bust come from fractional reserve banking, gold standard or not, as I mentionned in my comment.
The fact that you cannot profit from an a priori knowledge does not make it untrue. As I mention, human think, thus human action is very difficult to predict timingwise.
And please. You can very well profit from it. Many Austrian investors piled on Gold and silver early 2002, 2004 and keep on doing so. They have been handsomely rewarded by knowing a priori that printing money leads to booms and busts, to the destruction of the currency and to a return to sound money.
Sorry for you if you missed it, but it is not too late.
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I. The saying that things may work nicely in theory, but do not necessarily work in practice is well known.[1] It is typically meant to disparage the importance of theory, suggesting it would be too far removed from practical matters to help in solving the issue at hand. The Prussian philosopher Immanuel Kant (1724–1804), in his 1793 essay "On the Popular Judgment: 'This May Be True in Theory, But It Does Not Apply in Practice,'" responded to such criticism; in fact, he responded with his essay to criticism leveled against his ethical theory by the philosopher ChristianGarve (1742–1798)...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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