So observations are baseless and irrational, interesting? The real world is not your clay or your castle you elitist little twat. What do you do for a living besides appear ignorant and pathetic? Your ad hominems do not hold water nor turn your academia into wine. You do not like me which is fine, I am here to discuss ideas not ridicule or belittle like someone here. Maybe you need some help removing that stick out of your piss slit you little sad lonely fu(k. Go ahead and run a long into your delusional world my little contrarian. You take yourself too serious light the fu(k up.
Words from a brilliant man that GLD needs to learn from.
Btw he made a billion in the Market Monday when he understood the weakness in the global market. I am not the big economics guru, especially in math but universal truths can be found from reason, observation, and experience. Yes I believe in the framework of Austrian Economics when it comes to market behavior and coordination but the theory about hard money from the school is not compatible with today's world. Keynesian theory is good understanding how tax should be used (surplus in tax revenue save, lower taxes in recession and use to fill the GDP potential gap) but Keynesian is not used that way and the theory lacks understanding on how markets truly work. Lord Keynes contradicted himself in his own manifesto. I am more of a Ludwig Lachmann extreme radical that equilibrium theories are nonsense as the market is always evolving, adapting and equations will never be able to capture the truths because of the reasons/nature stated earlier. Also I love pattern theories in understanding growth and movements that economists like Joseph Schumpeter and pattern theorists like Martin Armstrong use to grasp the abstract. I cannot stand neoclassical economics and the ignorance it spews a lot. RCT is full of holes and EMH is only good if you take the framework. Behavioral economics is good in understanding the agent but not the structure of economics.
Here lies the GLD who claims I am Austrian when I am mere radical subjectivist who uses many perspectives because I want to discover my own truths and eliminate my biases as look into history, anthropology, psychology, pattern theories, philosophy of time and uncertainty and other routes to formulate my picture.
My graph that I post is trying to understand value of profits based on time and the connection of short-term implications on long-term marginal growth path. Understanding scarcity, time, and movements are hard to piece together. Output can be manipulated by tampering with interest rates to encourage more business projects and consumer spending but no matter what long-term term marginal growth will come up as the economy is bound to scarcity and time.