Unfortunately, Austrian School adherents seem to think that having "discovered" the law of economic gravity they have the secrets to governance and a host of other issues as well.
I think their only strong claim about governance relates to information distribution in control of markets - that millions of people will have access to more information, and thus make better economic decisions, than a few people.
Granted, "there are no superhumans who can superlatively control markets" does apply to a large chunk of what government tries to do.
You may want to consider selling the gold at some point. It has been exponential growth ever since it has been sold on the market. Nothing can maintain this level of growth unless you expect it to be 2500 within two years. It will most likely collapse and maintain some lower level than where its at.
The price of gold is relatively stable. It's the devaluation of the Dollar that you're seeing. It's not just gold, go look at the World Bank's pink sheet - wheat, oil, coffee, palm kernel oil, potassium chloride, etc. are all showing the same trends,.
Every time the Fed prints more Dollars over the rate of population growth the Dollar-based cost of gold ought to go up. Every TARP, QE2, quantitative easing, etc. drives up the price of everything.
If the entire outstanding Dollar-backed currency outstanding economy were to return to gold-backing, a price of around $90,000* would be required to back it.
* that number was calculated before the news that the outstanding derivatives market was over $1.2 quadrillion - I think the value used was about 1/3 of that, or 1/4 of the total.
There's nothing laudable about Austrian Economic theory. It predicts and promotes wealth concentration, which, as history has taught us, always leads to horrible things.
It only predicts it if government creates the conditions for it, and it certainly doesn't laud it. Cite evidence to the contrary if you have any.
Our country can't weather a bloody revolution and the wealthy won't live through a french-style Reign of Terror.
The country will be fine - the current unsustainable government will necessarily fall. Who decides to reign it in is still an open question.
That's not a USEFUL predictive capability. In fact, it kind of supports the article.
It's not useful if you're trying to make short term investments, but it's tremendously useful if you have a long-term outlook and assume nobody else understands it. At this point it's so few that 'nobody' is close enough.
The Austrian economists who predicted the housing bubble, the stock market crash, the inevitable monetization of debt, and the required rise in commodities relative to monetary inflation sure helped out my personal finances.
Had their insights been heeded those things may have been avoided, but the Keynesians have ruled the roost since at least 1971 because it allows politicians to buy power now while deferring the cost to future generations.
Here's what they're saying now: if the current behaviors continue, the Dollar will crash and become next to worthless, and the Depression will last and get worse until these practices stop.
Where are all the supposed Libertarians here on/. pointing out what a government intrusion it is to tell private companies what kind of parking spaces they should have, let alone jailing people for not complying with them?
Now I learn it was all just a dream... it wasn't a REAL windows phone at all... or maybe Elop is too young and inexperienced to remember recent history... ah well..
You see, for the most part WinCE-based phones have been a market failure.
Why?
Because Microsoft doesn't know what it's doing? Because their products are crap?
No, because there hasn't been a 'real' phone until now. So, all of that past failure can be forgiven, finally, right now, it's the new beginning.
And if this phone fails, it will be because it turned out it wasn't actually a 'real' Windows Phone. But the next launch will be.
From the looks of the Neonode N1M, they didn't have this sort of UI element
It's true, but still terribly obvious.
With any HID [device] there are a certain number of verbs available. With a mouse it's 'move' (direction/speed being the parameters) and 'click' (button number, frequency, simultaneity).
With a touchscreen it's 'tap' (location, duration, frequency, simultaneity) and 'drag' (start, end, path and velocity for n inputs), the latter being used to define gestures.
To do anything on a GUI the programmer has to work with the available verbs. On my phone with hard buttons, I have different ones assigned to different modes (e.g. if I hold down button 4, it'll turn on in camera mode). On a touchscreen that's not an option, so varying user inputs are required to start in different modes (starting in different modes is well-established, not unique here).
So, the part in question is how to help the user remember which gesture to use. This is a coffee-machine level conversation.
Bob: "It's hard to remember which gesture to use to wake in the right mode." Alice: "So draw a hint on the screen to identify the target." Bob: "Right, good idea."
But then the patent system installs a parasite lawyer at the end of that conversation:
Mallory: "Oh, we should patent that!"
The logical, legal, but unethical thing to do then is to sit down, identify every mode a smart phone can be in, identify each action possible at that state, and then apply each available verb to the action, and file a patent application. This will sew-up the entire market from being viable outside of a courtroom.
Yeah, this has been pretty obvious. Read the section on Blackberry in _The Innovator's Solution_ and their suggested approach for Blackberry is what Steve Jobs implemented with iPhone.
If you want to know why the iPhone is so closed when OSX was so open, turn to page 53 (I just made that up, I don't have the book in front of me).
It was published in 2003. The iPhone was released in 2007. Jobs is a solitary genius. Some of these are true.
Have you tried HomePlug instead of wifi? I find the bandwidth to be a big improvement over wifi. I can at least max out my 50Mb cable connection and no ethernet cables running through the house.
I use HomePlug in my neighborhood network. The version 2 stuff (is that 'AV'?) is really good - v1, not so much. I get about 50Mbps between a garage and the house's basement, and didn't have to dig new conduit, so totally worth the price (I think those were Netgear too). It sits behind a 40Mbps VDSL link, so plenty.
I get complaints from my wife about having to plug in the laptop to recharge it, so different use cases - she's not plugging in to surf Facebook. My house has Cat5e haphazardly for access points, and I was going to do more HomePlug for, e.g. Roku, but 802.11 turned out to be good enough, so that was easy to not buy.
Heck, they broke AV sync recently. Some software upgrade boned things on Android (I managed to find an old package uploaded to a forum thread on this issue). FFS, I saw it on Roku last night.
If I wanted to stage an attack, this would be the perfect chance. All levels of emergency services will be 'confused' and not know what is real and what is fake.
This is a claim made about what happened on 9/11 - that a drill about airplanes crashing into buildings was underway when the attacks happened. Wikipedia used to have more information about these claims but they seem to have been edited out in recent years (as opposed to being refuted, which would have been more useful if they were untrue).
Check out the WNDR3700v2. The folks doing serious research into home network performance have settled on this unit. Check out the prices on Amazon's refurbished stock - equivalent to what I was paying for 54GL's back in the day. I picked up a new for the office and a refurb for home.
They have lots of RAM, a decent processor, and dual-band radios. I think it's the 54G for the new decade.
Seriously. If a Doctor could spare you 15 years of pain with a 10 minute surgery, or some pills, wouldn't you do it?
If the Doctor merely claimed that, but all evidence showed the pills would make the underlying cause of my condition worse, then no, even if they had a brief palliative effect.
Why not have the gov't bail out home owners and let the mortgage back securities fail? There were lots of plans for how to do this, we just ignored them with the old 'But, But, Socialism!' cries.
Both are socialism, both lead to worse problems. There is no magic money, only taxation through monetary inflation.
they threatened to take our economy with them. I suppose the gov't could have let them die, then stepped in to keep the economy going. But you wouldn't have liked that either, would you?
A sane collective doesn't negotiate with terrorists. Ours seems to love to do so these days.
I'd have much rather taken *all* the pain in 2009 rather than draw it out through a 15-year depression. We'd be well on our way to a strong recovery now if that was the case.
The same mistakes were made in the 1930's. I fear they'll start a war with China in 2021 to try to recreate the same failed attempt at recovery.
I still can't believe there such thing as a protesting permit and that so many people are fine with it.
Speech permits were the inevitable consequence of weapons permits. Next up may be religion permits. The TSA is already implementing permits to avoid unreasonable searches. Due process permits skipped right from crazy to unavailable (to some when chosen to be boogeymen).
That sounds a lot like wakefields bullshit study that was was retracted by the lancet and had his former co authors removing their names from their interpretation of it's results due to his deliberate fabircation of results and fraud
It does seem similar. I hadn't read the retracted Wakefield study before, but I just looked at it now, and it's not talking about gut bacteria problems.
It certainly could be nothing. It could be the large studies don't account for genetic or flora differences too (they usually prove a statistical lack of evidence, rather than zero cases of symptoms). $30 genome sequences and bioinformatics sure are going to help us with these big studies.
I'm not sure I can find fault with scientists who want to rule it out, though.
Slashdot Mirror
Unfortunately, Austrian School adherents seem to think that having "discovered" the law of economic gravity they have the secrets to governance and a host of other issues as well.
I think their only strong claim about governance relates to information distribution in control of markets - that millions of people will have access to more information, and thus make better economic decisions, than a few people.
Granted, "there are no superhumans who can superlatively control markets" does apply to a large chunk of what government tries to do.
You may want to consider selling the gold at some point. It has been exponential growth ever since it has been sold on the market. Nothing can maintain this level of growth unless you expect it to be 2500 within two years. It will most likely collapse and maintain some lower level than where its at.
The price of gold is relatively stable. It's the devaluation of the Dollar that you're seeing. It's not just gold, go look at the World Bank's pink sheet - wheat, oil, coffee, palm kernel oil, potassium chloride, etc. are all showing the same trends,.
Every time the Fed prints more Dollars over the rate of population growth the Dollar-based cost of gold ought to go up. Every TARP, QE2, quantitative easing, etc. drives up the price of everything.
If the entire outstanding Dollar-backed currency outstanding economy were to return to gold-backing, a price of around $90,000* would be required to back it.
* that number was calculated before the news that the outstanding derivatives market was over $1.2 quadrillion - I think the value used was about 1/3 of that, or 1/4 of the total.
There's nothing laudable about Austrian Economic theory. It predicts and promotes wealth concentration, which, as history has taught us, always leads to horrible things.
It only predicts it if government creates the conditions for it, and it certainly doesn't laud it. Cite evidence to the contrary if you have any.
Our country can't weather a bloody revolution and the wealthy won't live through a french-style Reign of Terror.
The country will be fine - the current unsustainable government will necessarily fall. Who decides to reign it in is still an open question.
That's not a USEFUL predictive capability. In fact, it kind of supports the article.
It's not useful if you're trying to make short term investments, but it's tremendously useful if you have a long-term outlook and assume nobody else understands it. At this point it's so few that 'nobody' is close enough.
The Austrian economists who predicted the housing bubble, the stock market crash, the inevitable monetization of debt, and the required rise in commodities relative to monetary inflation sure helped out my personal finances.
Had their insights been heeded those things may have been avoided, but the Keynesians have ruled the roost since at least 1971 because it allows politicians to buy power now while deferring the cost to future generations.
Here's what they're saying now: if the current behaviors continue, the Dollar will crash and become next to worthless, and the Depression will last and get worse until these practices stop.
Let's check back in 2017 and see who was right.
Where are all the supposed Libertarians here on /. pointing out what a government intrusion it is to tell private companies what kind of parking spaces they should have, let alone jailing people for not complying with them?
So moved.
You're probably best untagging 'Apple' in the prefs until after the holidays.
Reminds me, I have two unopened tubes of Think Different posters to put up on eBay.
But this makes me think I need to review my RIM Intrade strategy right sharpish.
What, you didn't buy puts on RIM LEAP's when they announced their QNX strategy?
Sounds just like the Linksys firmrware on the 54G.
Now I learn it was all just a dream... it wasn't a REAL windows phone at all... or maybe Elop is too young and inexperienced to remember recent history... ah well..
You see, for the most part WinCE-based phones have been a market failure.
Why?
Because Microsoft doesn't know what it's doing? Because their products are crap?
No, because there hasn't been a 'real' phone until now. So, all of that past failure can be forgiven, finally, right now, it's the new beginning.
And if this phone fails, it will be because it turned out it wasn't actually a 'real' Windows Phone. But the next launch will be.
From the looks of the Neonode N1M, they didn't have this sort of UI element
It's true, but still terribly obvious.
With any HID [device] there are a certain number of verbs available. With a mouse it's 'move' (direction/speed being the parameters) and 'click' (button number, frequency, simultaneity).
With a touchscreen it's 'tap' (location, duration, frequency, simultaneity) and 'drag' (start, end, path and velocity for n inputs), the latter being used to define gestures.
To do anything on a GUI the programmer has to work with the available verbs. On my phone with hard buttons, I have different ones assigned to different modes (e.g. if I hold down button 4, it'll turn on in camera mode). On a touchscreen that's not an option, so varying user inputs are required to start in different modes (starting in different modes is well-established, not unique here).
So, the part in question is how to help the user remember which gesture to use. This is a coffee-machine level conversation.
Bob: "It's hard to remember which gesture to use to wake in the right mode."
Alice: "So draw a hint on the screen to identify the target."
Bob: "Right, good idea."
But then the patent system installs a parasite lawyer at the end of that conversation:
Mallory: "Oh, we should patent that!"
The logical, legal, but unethical thing to do then is to sit down, identify every mode a smart phone can be in, identify each action possible at that state, and then apply each available verb to the action, and file a patent application. This will sew-up the entire market from being viable outside of a courtroom.
Yeah, this has been pretty obvious. Read the section on Blackberry in _The Innovator's Solution_ and their suggested approach for Blackberry is what Steve Jobs implemented with iPhone.
If you want to know why the iPhone is so closed when OSX was so open, turn to page 53 (I just made that up, I don't have the book in front of me).
It was published in 2003. The iPhone was released in 2007. Jobs is a solitary genius. Some of these are true.
Touché , Mr. Smith.
Have you tried HomePlug instead of wifi? I find the bandwidth to be a big improvement over wifi. I can at least max out my 50Mb cable connection and no ethernet cables running through the house.
I use HomePlug in my neighborhood network. The version 2 stuff (is that 'AV'?) is really good - v1, not so much. I get about 50Mbps between a garage and the house's basement, and didn't have to dig new conduit, so totally worth the price (I think those were Netgear too). It sits behind a 40Mbps VDSL link, so plenty.
I get complaints from my wife about having to plug in the laptop to recharge it, so different use cases - she's not plugging in to surf Facebook. My house has Cat5e haphazardly for access points, and I was going to do more HomePlug for, e.g. Roku, but 802.11 turned out to be good enough, so that was easy to not buy.
Say I wanted to write ls in Java. Startup time would be very important to me
They'd say your entire userland should be happening inside a JVM, so you wouldn't notice the startup time.
In some universes that may work.
I am not sure I have ever heard Crucial memory referred to as "cheap memory" before.
My field experience is that Kingston has a much lower RMA rate than Crucial. Crucial has prettier heat spreaders.
Heck, they broke AV sync recently. Some software upgrade boned things on Android (I managed to find an old package uploaded to a forum thread on this issue). FFS, I saw it on Roku last night.
Really, how does this escape testing?
But there have been at least 3 accidents in two years!
Oh, wait, that doesn't prove anything. Maybe it's just that news reporters find bee spills more interesting than a load of lumber spilled?
If I wanted to stage an attack, this would be the perfect chance. All levels of emergency services will be 'confused' and not know what is real and what is fake.
This is a claim made about what happened on 9/11 - that a drill about airplanes crashing into buildings was underway when the attacks happened. Wikipedia used to have more information about these claims but they seem to have been edited out in recent years (as opposed to being refuted, which would have been more useful if they were untrue).
Check out the WNDR3700v2. The folks doing serious research into home network performance have settled on this unit. Check out the prices on Amazon's refurbished stock - equivalent to what I was paying for 54GL's back in the day. I picked up a new for the office and a refurb for home.
They have lots of RAM, a decent processor, and dual-band radios. I think it's the 54G for the new decade.
Seriously. If a Doctor could spare you 15 years of pain with a 10 minute surgery, or some pills, wouldn't you do it?
If the Doctor merely claimed that, but all evidence showed the pills would make the underlying cause of my condition worse, then no, even if they had a brief palliative effect.
Why not have the gov't bail out home owners and let the mortgage back securities fail? There were lots of plans for how to do this, we just ignored them with the old 'But, But, Socialism!' cries.
Both are socialism, both lead to worse problems. There is no magic money, only taxation through monetary inflation.
they threatened to take our economy with them. I suppose the gov't could have let them die, then stepped in to keep the economy going. But you wouldn't have liked that either, would you?
A sane collective doesn't negotiate with terrorists. Ours seems to love to do so these days.
I'd have much rather taken *all* the pain in 2009 rather than draw it out through a 15-year depression. We'd be well on our way to a strong recovery now if that was the case.
The same mistakes were made in the 1930's. I fear they'll start a war with China in 2021 to try to recreate the same failed attempt at recovery.
I still can't believe there such thing as a protesting permit and that so many people are fine with it.
Speech permits were the inevitable consequence of weapons permits. Next up may be religion permits. The TSA is already implementing permits to avoid unreasonable searches. Due process permits skipped right from crazy to unavailable (to some when chosen to be boogeymen).
...and argue that it is, which a private individual rarely has the resources to do.
Paging EFF.
Remember folks, go out and buy lots of Universal products this Christmas to help them prosecute this guy.
GET THE FUCK TO MARS?
Donate here. Convince your friends to donate also.
If they can't do it on donations, not enough people actually care about doing it.
That sounds a lot like wakefields bullshit study that was was retracted by the lancet and had his former co authors removing their names from their interpretation of it's results due to his deliberate fabircation of results and fraud
It does seem similar. I hadn't read the retracted Wakefield study before, but I just looked at it now, and it's not talking about gut bacteria problems.
It certainly could be nothing. It could be the large studies don't account for genetic or flora differences too (they usually prove a statistical lack of evidence, rather than zero cases of symptoms). $30 genome sequences and bioinformatics sure are going to help us with these big studies.
I'm not sure I can find fault with scientists who want to rule it out, though.