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@onarchy

25
steemit.com/@onarchy
VOTING POWER100.00%
DOWNVOTE POWER100.00%
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REPUTATION PROGRESS0.00%
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steemitboardreplied to @onarchy / steemitboard-notify-onarchy-20190821t033130000z
2019/08/21 03:31:30
35,735,508|c104091
authorsteemitboard
bodyCongratulations @onarchy! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@onarchy/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@onarchy) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=onarchy)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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parent permlinkbernie-sanders-is-not-a-scandinavian-style-socialist
permlinksteemitboard-notify-onarchy-20190821t033130000z
title
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      "body": "Congratulations @onarchy! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@onarchy/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@onarchy) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=onarchy)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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dtubixupvoted (50.00%) @onarchy / bernie-sanders-is-not-a-scandinavian-style-socialist
2018/03/05 04:13:00
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philo.phineasupvoted (100.00%) @onarchy / shocking-finding-on-birth-rates
2016/09/04 01:32:09
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borzovaupvoted (100.00%) @onarchy / bernie-sanders-is-not-a-scandinavian-style-socialist
2016/08/23 15:09:42
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onarchyupvoted (100.00%) @onarchy / bernie-sanders-is-not-a-scandinavian-style-socialist
2016/08/23 15:09:30
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onarchypublished a new post: bernie-sanders-is-not-a-scandinavian-style-socialist
2016/08/23 15:09:30
4,335,073|2f93ecd
authoronarchy
body<html> <p><img src="https://i1.wp.com/s3.amazonaws.com/liberty-uploads/wp-content/uploads/sites/1754/2016/05/BernieNorge.jpg" width="794" height="480"/></p> <p>In the primary elections, Bernie Sanders gained traction by presenting himself as a Scandinavian style democratic socialist, and by that most people think universal healthcare and high, redistributive taxes on the rich. As a Scandinavian I think it is important to set the record straight. Bernie Sanders is not promoting the Scandinavian model. I will prove this to you very simply by showing what Bernie Sanders as president would have to do in order to emulate Scandinavian democratic socialism:</p> <h3>Cut&nbsp;taxes for the rich, increase&nbsp;taxes for the lower and middle class</h3> <p>The biggest difference between America and Scandinavia is that in America<a href="http://www.heritage.org/federalbudget/top10-percent-income-earners">70% of the taxes are paid for by the 10% richest</a>, whereas in Scandinavia they only pay about 40% of the taxes. In America the top 1% earners pay 35% of the taxes, whereas in Scandinavia they pay only about 10%. The bottom 50% of earners in America pay only 2.5% of taxes, whereas in Scandinavia they pay 10%. Bernie Sanders wants to raise the tax for the richest up to more than 50%, but in Norway&nbsp;the richest pay less than 40%.In short, if Bernie Sanders wants to emulate the Scandinavian tax model, he needs to cut taxes for the rich, increase them for the poor, and <em>dramatically</em>increase them for the working middle class.</p> <h3>Dramatically increase consumer taxes</h3> <p>Scandinavia has among the highest consumer taxes in the world. The VAT is 25%, and the taxes on cars and gasoline are steep. The gasoline tax is around 200% and cars are typically taxed more than 100%. These consumer taxes make up the majority of revenues for the government. In practice this means that the middle class pays the vast majority of taxes in Scandinavia.</p> <h3>Slash&nbsp;corporate taxes</h3> <p>America has the highest corporate taxes in the world. Federal corporate tax is 35% alone, and then in addition state corporate taxes bring the total to above 40%. In Scandinavia the corporate tax rates range from 22% to 25%. Thus, if Bernie Sanders wants to emulate the Scandiavian model he needs to dramatically slash corporate taxes.&nbsp;</p> <h3>Cut public healthcare spending</h3> <p>If Bernie Sanders wants to emulate the Scandinavian countries, he needs to cut public tax financed healthcare spending. Of the Scandinavian countries, only Norway <a href="http://www.commonwealthfund.org/publications/issue-briefs/2015/oct/us-health-care-from-a-global-perspective">spends a little more</a> tax payer money on health care than America. Due to the world’s heaviest regulations, America also has the world’s most inefficient healthcare system.</p> <h3>Remove social justice from tort law</h3> <p>The Scandinavian system has an efficient civil legal system, very similar to the one America had in the 19th century during the time of laissez-faire capitalism. However, from about the 1880s onward the progressives started changing tort law away from the traditional concept of justice (you cause me losses of 100 dollars, you pay me 100 dollars in damages) over to the concept of social justice.&nbsp;</p> <p>In practice this means that the civil courts in America are used for purposes of social engineering such as redistribution of wealth rather than, the old fashioned justice. The law specifically targets corporations, making it very hazardous and expensive to do business in America. Among the large corporations in America, the legal department is the biggest one. This is entirely to protect the company against the social justice tort laws.</p> <p>In case you don’t know what I am talking about, think McDonald’s hot coffee law suit. An old lady spilled hot coffee on herself, and she was initially rewarded $160,000 in compensatory damages and $2.7 million in punitive damages. Such a verdict would be impossible in Scandinavia, because the purpose of the legal system is not&nbsp;social justice.</p> <p>Nedless to say, the social justice laws in America are a form of indirect taxation which costs businesses a huge amount of money, which mostly goes to keeping progressive lawyers very well fed. The social justice laws in America have the unintended consequences of rendering corporate America into legal monsters which strip consumers of all rights. Whenever you sign an End User License Agreement with companies like Microsoft or Apple, you basically sign a document stating that they own your life and they are untouchable. If you’re lucky you will avoid a fate like <a href="https://www.youtube.com/watch?v=sglZGSwK6ow">these unhappy Apple Users</a>.</p> <p>So if Bernie Sanders wants to emulate the Scandinavian model, better get rid of those progressive social justice laws.</p> <h3>But wait a minute….</h3> <p>If you find yourself thinking like Homer Simpson “wait a minute, those Scandinavian countries don’t sound very socialistic” then you are absolutely correct. Yes, it’s true that the overall tax burden in Scandinavia is very high (around 50%) and yes, it is true they have big welfare states, including universal healthcare. Nevertheless, on almost all other measures, Scandinavian countries are far more capitalist than the United States.</p> <p>Notice also that one of the definining features of Scandinavian welfare is that it is largely paid for by the middle class. Scandinavian countries take this “fair share”-business very seriously. You may ask why on earth the large majority of Scandinavians would want to have a welfare state and then actually pay for it themselves. There are historical reasons for that, and one of them is that they are very egalitarian.</p> <p>The idea of having an elite pay for an underclass goes against the very idea of inclusion and egalitarianism. By including the vast majority of people in financing the welfare state, people become stakeholders, which to a significant extent prevents legalized corruption, like the one we see in America.</p> <p>The system that Bernie Sanders is proposing is not anything remotely close to the Scandinavian model. He wants to move America more in the direction of countries like South-Africa, Venezuela and Brazil which have elite based welfare states. In those countries most of the taxes are paid for by a small elite, which creates class war and corruption on a staggering scale. America is already well on its way to becoming like that, given that the rich already pay most of the taxes. With Bernie at the helm, it would become even more polarized and elite based.</p> <p>If you are an American, and especially if you are a Bernie Sanders-supporter, I hope you have learned something. America is far more socialist than you think it is, and the mythical Scandinavian countries are far more capitalist than you think they are. In fact, the primary reason for the success of Scandinavian countries is not their welfare states, but the fact that they are among the freest and most capitalist countries in the world.&nbsp;</p> </html>
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parent permlinksocialism
permlinkbernie-sanders-is-not-a-scandinavian-style-socialist
titleBernie Sanders is NOT a Scandinavian style socialist
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      "author": "onarchy",
      "body": "<html>\n<p><img src=\"https://i1.wp.com/s3.amazonaws.com/liberty-uploads/wp-content/uploads/sites/1754/2016/05/BernieNorge.jpg\" width=\"794\" height=\"480\"/></p>\n<p>In the primary elections, Bernie Sanders gained traction by presenting himself as a Scandinavian style democratic socialist, and by that most people think universal healthcare and high, redistributive taxes on the rich. As a Scandinavian I think it is important to set the record straight. Bernie Sanders is not promoting the Scandinavian model. I will prove this to you very simply by showing what Bernie Sanders as president would have to do in order to emulate Scandinavian democratic socialism:</p>\n<h3>Cut&nbsp;taxes for the rich, increase&nbsp;taxes for the lower and middle class</h3>\n<p>The biggest difference between America and Scandinavia is that in America<a href=\"http://www.heritage.org/federalbudget/top10-percent-income-earners\">70% of the taxes are paid for by the 10% richest</a>, whereas in Scandinavia they only pay about 40% of the taxes. In America the top 1% earners pay 35% of the taxes, whereas in Scandinavia they pay only about 10%. The bottom 50% of earners in America pay only 2.5% of taxes, whereas in Scandinavia they pay 10%. Bernie Sanders wants to raise the tax for the richest up to more than 50%, but in Norway&nbsp;the richest pay less than 40%.In short, if Bernie Sanders wants to emulate the Scandinavian tax model, he needs to cut taxes for the rich, increase them for the poor, and <em>dramatically</em>increase them for the working middle class.</p>\n<h3>Dramatically increase consumer taxes</h3>\n<p>Scandinavia has among the highest consumer taxes in the world. The VAT is 25%, and the taxes on cars and gasoline are steep. The gasoline tax is around 200% and cars are typically taxed more than 100%. These consumer taxes make up the majority of revenues for the government. In practice this means that the middle class pays the vast majority of taxes in Scandinavia.</p>\n<h3>Slash&nbsp;corporate taxes</h3>\n<p>America has the highest corporate taxes in the world. Federal corporate tax is 35% alone, and then in addition state corporate taxes bring the total to above 40%. In Scandinavia the corporate tax rates range from 22% to 25%. Thus, if Bernie Sanders wants to emulate the Scandiavian model he needs to dramatically slash corporate taxes.&nbsp;</p>\n<h3>Cut public healthcare spending</h3>\n<p>If Bernie Sanders wants to emulate the Scandinavian countries, he needs to cut public tax financed healthcare spending. Of the Scandinavian countries, only Norway <a href=\"http://www.commonwealthfund.org/publications/issue-briefs/2015/oct/us-health-care-from-a-global-perspective\">spends a little more</a> tax payer money on health care than America. Due to the world’s heaviest regulations, America also has the world’s most inefficient healthcare system.</p>\n<h3>Remove social justice from tort law</h3>\n<p>The Scandinavian system has an efficient civil legal system, very similar to the one America had in the 19th century during the time of laissez-faire capitalism. However, from about the 1880s onward the progressives started changing tort law away from the traditional concept of justice (you cause me losses of 100 dollars, you pay me 100 dollars in damages) over to the concept of social justice.&nbsp;</p>\n<p>In practice this means that the civil courts in America are used for purposes of social engineering such as redistribution of wealth rather than, the old fashioned justice. The law specifically targets corporations, making it very hazardous and expensive to do business in America. Among the large corporations in America, the legal department is the biggest one. This is entirely to protect the company against the social justice tort laws.</p>\n<p>In case you don’t know what I am talking about, think McDonald’s hot coffee law suit. An old lady spilled hot coffee on herself, and she was initially rewarded $160,000 in compensatory damages and $2.7 million in punitive damages. Such a verdict would be impossible in Scandinavia, because the purpose of the legal system is not&nbsp;social justice.</p>\n<p>Nedless to say, the social justice laws in America are a form of indirect taxation which costs businesses a huge amount of money, which mostly goes to keeping progressive lawyers very well fed. The social justice laws in America have the unintended consequences of rendering corporate America into legal monsters which strip consumers of all rights. Whenever you sign an End User License Agreement with companies like Microsoft or Apple, you basically sign a document stating that they own your life and they are untouchable. If you’re lucky you will avoid a fate like <a href=\"https://www.youtube.com/watch?v=sglZGSwK6ow\">these unhappy Apple Users</a>.</p>\n<p>So if Bernie Sanders wants to emulate the Scandinavian model, better get rid of those progressive social justice laws.</p>\n<h3>But wait a minute….</h3>\n<p>If you find yourself thinking like Homer Simpson “wait a minute, those Scandinavian countries don’t sound very socialistic” then you are absolutely correct. Yes, it’s true that the overall tax burden in Scandinavia is very high (around 50%) and yes, it is true they have big welfare states, including universal healthcare. Nevertheless, on almost all other measures, Scandinavian countries are far more capitalist than the United States.</p>\n<p>Notice also that one of the definining features of Scandinavian welfare is that it is largely paid for by the middle class. Scandinavian countries take this “fair share”-business very seriously. You may ask why on earth the large majority of Scandinavians would want to have a welfare state and then actually pay for it themselves. There are historical reasons for that, and one of them is that they are very egalitarian.</p>\n<p>The idea of having an elite pay for an underclass goes against the very idea of inclusion and egalitarianism. By including the vast majority of people in financing the welfare state, people become stakeholders, which to a significant extent prevents legalized corruption, like the one we see in America.</p>\n<p>The system that Bernie Sanders is proposing is not anything remotely close to the Scandinavian model. He wants to move America more in the direction of countries like South-Africa, Venezuela and Brazil which have elite based welfare states. In those countries most of the taxes are paid for by a small elite, which creates class war and corruption on a staggering scale. America is already well on its way to becoming like that, given that the rich already pay most of the taxes. With Bernie at the helm, it would become even more polarized and elite based.</p>\n<p>If you are an American, and especially if you are a Bernie Sanders-supporter, I hope you have learned something. America is far more socialist than you think it is, and the mythical Scandinavian countries are far more capitalist than you think they are. In fact, the primary reason for the success of Scandinavian countries is not their welfare states, but the fact that they are among the freest and most capitalist countries in the world.&nbsp;</p>\n</html>",
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amykleupvoted (100.00%) @onarchy / shocking-finding-on-birth-rates
2016/08/22 17:33:33
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feminismreplied to @onarchy / re-onarchy-shocking-finding-on-birth-rates-20160822t172305203z
2016/08/22 17:23:06
4,309,195|c46a80d
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feminismupvoted (100.00%) @onarchy / shocking-finding-on-birth-rates
2016/08/22 17:22:27
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onarchyupvoted (100.00%) @onarchy / shocking-finding-on-birth-rates
2016/08/22 15:42:09
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onarchypublished a new post: shocking-finding-on-birth-rates
2016/08/22 15:42:09
4,307,205|cbcd223
authoronarchy
body<html> <p><img src="https://timedotcom.files.wordpress.com/2015/06/babies.jpg?quality=75&amp;strip=color&amp;w=700" width="700" height="467"/></p> <p><br></p> <p>A recent study by the Los Alamos Gender Studies Department found a shocking disparity in the birth rates between men and women.</p> <p>"Our finding is that very few men give birth. The gender gap is appalling. Today having babies is almost exclusively a woman thing," lead author Dr. Ann Pillman said.</p> <p>The finding could have grave implications for gender policies, although the scientists are still struggling to identify solutions.</p> <p>"Until we have identified the cause of this disparity, we cannot make a policy recommendation for rectifying the problem. It could be a pollutant, GMO-food or other environmental factors. We fear, however, that it may be due to a deeply ingrained patriarchy. We simply don't know."</p> <p>Climate scientists have chimed in and say that the cause is likely man-made climate change, and that the problem is likely to get a lot worse unless more money is granted to climate research.</p> <p><br></p> </html>
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      "body": "<html>\n<p><img src=\"https://timedotcom.files.wordpress.com/2015/06/babies.jpg?quality=75&amp;strip=color&amp;w=700\" width=\"700\" height=\"467\"/></p>\n<p><br></p>\n<p>A recent study by the Los Alamos Gender Studies Department found a shocking disparity in the birth rates between men and women.</p>\n<p>\"Our finding is that very few men give birth. The gender gap is appalling. Today having babies is almost exclusively a woman thing,\" lead author Dr. Ann Pillman said.</p>\n<p>The finding could have grave implications for gender policies, although the scientists are still struggling to identify solutions.</p>\n<p>\"Until we have identified the cause of this disparity, we cannot make a policy recommendation for rectifying the problem. It could be a pollutant, GMO-food or other environmental factors. We fear, however, that it may be due to a deeply ingrained patriarchy. We simply don't know.\"</p>\n<p>Climate scientists have chimed in and say that the cause is likely man-made climate change, and that the problem is likely to get a lot worse unless more money is granted to climate research.</p>\n<p><br></p>\n</html>",
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jonnyheggheimupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 19:05:09
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jonnyheggheimupvoted (100.00%) @onarchy / guns-don-t-kill-democrats-do
2016/08/21 19:04:24
4,282,743|628133d
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kjetilupvoted (100.00%) @onarchy / guns-don-t-kill-democrats-do
2016/08/21 18:37:42
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kjetilupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 18:36:15
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mobilebestdealupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 17:37:03
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atle-vupvoted (100.00%) @onarchy / guns-don-t-kill-democrats-do
2016/08/21 17:23:54
4,280,746|5e3fe0d
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skepticreplied to @onarchy / re-onarchy-re-skeptic-re-onarchy-re-skeptic-re-onarchy-what-is-stable-value-20160821t160423739z
2016/08/21 16:04:27
4,279,174|8b4c46f
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bodyoh, I was always under the impression that unless it holds value over long lengths of time then its not money but currency. (a store of value) sorry for posting comment on your page then. :/
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      "body": "oh, I was always under the impression that unless it holds value over long lengths of time then its not money but currency. (a store of value)\nsorry for posting comment on your page then. :/",
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onarchyreplied to @fingolfin / re-fingolfin-re-onarchy-guns-don-t-kill-democrats-do-20160821t141938978z
2016/08/21 14:19:33
4,277,103|bae80f9
authoronarchy
bodyThat's a false Marxist assumption. Poverty does not create crime. Crime creates poverty. There is no institutional racism in America. No blacks on the surface of planet earth throughout human history have had more opportunities and less racism than blacks in America.
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      "author": "onarchy",
      "body": "That's a false Marxist assumption. Poverty does not create crime. Crime creates poverty. There is no institutional racism in America. No blacks on the surface of planet earth throughout human history have had more opportunities and less racism than blacks in America.",
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amykleupvoted (100.00%) @onarchy / guns-don-t-kill-democrats-do
2016/08/21 14:10:45
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fingolfinreplied to @onarchy / re-onarchy-guns-don-t-kill-democrats-do-20160821t135239333z
2016/08/21 13:52:36
4,276,577|066b651
authorfingolfin
bodyI think it has more to do with poverty than race. You can argue that institutional racism, prejudice, and restricted access to a quality education are some of the biggest factors that help violent crime to flourish.
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drhariboupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 13:46:42
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jtrdertasupvoted (100.00%) @onarchy / guns-don-t-kill-democrats-do
2016/08/21 13:21:45
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onarchyupvoted (100.00%) @onarchy / guns-don-t-kill-democrats-do
2016/08/21 13:21:21
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onarchypublished a new post: guns-don-t-kill-democrats-do
2016/08/21 13:21:21
4,275,956|67f58fd
authoronarchy
body<html> <p><img src="https://pajamasmed.hs.llnwd.net/e1/trending/user-content/51/files/2016/08/concealpermit.sized-770x415xt.jpg" width="770" height="415"/></p> <p>The US has one of the highest gun violence rates in the Western world, and the left claims this is due to the fact that guns are so common and easily available in America. However, this statistic hides important information about who is actually performing the crimes.</p> <p>On the surface, crime is about race and ethnicity. If there were only whites and asians living in the US, the country would not be more criminal than other Western countries. Those who bring the crime rate up to epic proportions are blacks and hispanics.</p> <p>But masked behind the ethnic numbers are the fact that the most criminal ethnic group (blacks) also are the most politically left-leaning group (90% democrat) and the second most criminal ethnic group (hispanics) are almost equally left-wing (80%). Thus, it is not blacks or hispanics that are criminals, it is specifically left-wing blacks, hispanics, whites and asians that commit crimes.</p> <p>Sadly, very little statistics based on political affiliation has been made to conclusively prove that this is a general trend on an individual level, but now <a href="https://pjmedia.com/trending/2016/08/16/concealed-carry-permit-are-the-most-law-abiding-americans/">a new study</a> supports the idea that conservatives and libertarians are the least criminal.</p> <p>For the US population as a whole the crime rate was 3813 per 100,000 people. For concealed carry permit owners the rate was only 2.4 per 100,000, a whopping 1589 TIMES (158,900%!) lower than the general population.</p> <p>Now, who have conceiled carry permits? Certainly not left-wing radicals who vigorously oppose gun ownership. Those who have conceiled carry permits are most likely the most conservative and libertarian portion of the population, the most ardent supporters of the second amendment. Crime in this group of people is basically non-existent.</p> <p>In short, guns don't kill, Democrats do.</p> </html>
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parent author
parent permlinkgun
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titleGuns don't kill, Democrats do
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      "body": "<html>\n<p><img src=\"https://pajamasmed.hs.llnwd.net/e1/trending/user-content/51/files/2016/08/concealpermit.sized-770x415xt.jpg\" width=\"770\" height=\"415\"/></p>\n<p>The US has one of the highest gun violence rates in the Western world, and the left claims this is due to the fact that guns are so common and easily available in America. However, this statistic hides important information about who is actually performing the crimes.</p>\n<p>On the surface, crime is about race and ethnicity. If there were only whites and asians living in the US, the country would not be more criminal than other Western countries. Those who bring the crime rate up to epic proportions are blacks and hispanics.</p>\n<p>But masked behind the ethnic numbers are the fact that the most criminal ethnic group (blacks) also are the most politically left-leaning group (90% democrat) and the second most criminal ethnic group (hispanics) are almost equally left-wing (80%). Thus, it is not blacks or hispanics that are criminals, it is specifically left-wing blacks, hispanics, whites and asians that commit crimes.</p>\n<p>Sadly, very little statistics based on political affiliation has been made to conclusively prove that this is a general trend on an individual level, but now <a href=\"https://pjmedia.com/trending/2016/08/16/concealed-carry-permit-are-the-most-law-abiding-americans/\">a new study</a> supports the idea that conservatives and libertarians are the least criminal.</p>\n<p>For the US population as a whole the crime rate was 3813 per 100,000 people. For concealed carry permit owners the rate was only 2.4 per 100,000, a whopping 1589 TIMES (158,900%!) lower than the general population.</p>\n<p>Now, who have conceiled carry permits? Certainly not left-wing radicals who vigorously oppose gun ownership. Those who have conceiled carry permits are most likely the most conservative and libertarian portion of the population, the most ardent supporters of the second amendment. Crime in this group of people is basically non-existent.</p>\n<p>In short, guns don't kill, Democrats do.</p>\n</html>",
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onarchyreplied to @skeptic / re-skeptic-re-onarchy-re-skeptic-re-onarchy-what-is-stable-value-20160821t113320928z
2016/08/21 11:33:15
4,273,825|30cc74b
authoronarchy
bodySome hold that view, but I think it is possible for other kinds of money (such as bitcoin) to exist. Nevertheless, this article has nothing to do with money vs currency. It is a separate topic. This article is about what it means for money to be stable in value and why.
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amykleupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 11:26:48
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ataftoupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 05:39:33
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ardinaupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 05:05:48
4,266,134|9700126
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ardinareplied to @onarchy / re-onarchy-what-is-stable-value-20160821t050515920z
2016/08/21 05:05:18
4,266,124|87d0661
authorardina
bodyAri ka pas dhe vazhdon te kete vleren e tij nuk humb kurr
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skepticreplied to @onarchy / re-onarchy-re-skeptic-re-onarchy-what-is-stable-value-20160821t041635625z
2016/08/21 04:16:45
4,265,159|b4f8f84
authorskeptic
body@@ -26,11 +26,10 @@ ver -are +is cur
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permlinkre-onarchy-re-skeptic-re-onarchy-what-is-stable-value-20160821t041635625z
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skepticreplied to @onarchy / re-onarchy-re-skeptic-re-onarchy-what-is-stable-value-20160821t041635625z
2016/08/21 04:16:27
4,265,153|8e1a891
authorskeptic
bodyAnything but gold and silver are currency correct? O.o
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onarchyreplied to @skeptic / re-skeptic-re-onarchy-what-is-stable-value-20160821t040710888z
2016/08/21 04:07:03
4,264,965|d6502ef
authoronarchy
bodyNo, currency is a separate issue.
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Transaction InfoBlock #4264965/Trx d6502ef29dfd1a79e52864857930673ef5d7dd36
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skepticreplied to @onarchy / re-onarchy-what-is-stable-value-20160821t040323104z
2016/08/21 04:03:42
4,264,898|42b2e1f
authorskeptic
body@@ -1,5 +1,5 @@ -b +B asic
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skepticreplied to @onarchy / re-onarchy-what-is-stable-value-20160821t040323104z
2016/08/21 04:03:15
4,264,889|8721c71
authorskeptic
bodybasically currency vs. money correct?
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fraterralphupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 03:27:03
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ketupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 03:13:30
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onarchyupvoted (100.00%) @onarchy / what-is-stable-value
2016/08/21 03:13:00
4,263,886|b7da55d
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onarchypublished a new post: what-is-stable-value
2016/08/21 03:13:00
4,263,886|b7da55d
authoronarchy
body<html> <p><img src="https://i3.wp.com/s3.amazonaws.com/liberty-uploads/wp-content/uploads/sites/1754/2015/06/gold-coins.jpg" width="500" height="267"/></p> <p>&nbsp;Anyone who has followed the debate about money and gold knows that one of the key arguments used for the gold standard is that it is stable in value. Stable money is considered a virtue because it stabilizes the economy and removes inflationary and deflationary distortions in the economy. After this lecture on the virtues of stable value money, gold is often declared to be historically proven as the most stable money ever invented. Graphs are shown that the price of some commodity a few hundred years ago is the same as the price today. Everyone is happy and the case is closed.</p> <p>Except one problem that has kept bothering me. I agree that gold is stable in value, but what <em>is</em> value? What is gold stable in relation to? What is the standard of value? Gold proponents will answer that gold has proven to be the standard of value, the measure of stability, but I don’t buy that. If gold is stable in value then it should be possible to define stability without gold, and to measure the stability of gold in some other standard. If not, then gold has some properties pretty much close to voodoo. The value of gold needs to be grounded in <em>something</em>. But what? I will try to answer that question in this article.</p> <p>First let us look upon a case of price stability which is often used to argue for the stable value of gold. Historical prices of wheat and other commodities have, when measured in gold, varied quite little. So stable prices tend to argue for the stability of gold. However, at the same time it is also acknowledged that a sudden increase in productivity resulting in a drop in wheat prices, measured in gold, does not imply that gold is unstable. So somehow, changes in productivity allow prices to change without questioning the stability of gold value. How can we reconcile that notion?</p> <p>The answer is that some things do remain fairly stable during a productivity increase: wages. A doubling in productivity means essentially that you are able to get roughly twice as much products out of the same amount of labor cost. The underlying assumption is that the labor cost per hour is roughly stable. That’s why the price of the product drops in the wake of a productivity increase.</p> <p>So if we look at wages measured in gold we find that apart from two major bubbles the underlying trend is a stable wage of roughly 0.5 grams of gold per hour. (Minimum wages showed in the graph because they extend back to the 1940s) These were roughly the wages in America in the 19th century during the gold standard era.&nbsp;</p> <p><img src="https://onarchy.liberty.me/wp-content/uploads/sites/1754/2015/06/minwage-1930.png" width="590" height="353"/></p> <p>&nbsp;So it <em>is</em> true that gold is stable in value when compared to average wages in a free economy. The question then immediately becomes: why? Is labor the standard of value? And if so, does this imply that the labor theory of value is correct?</p> <p>I will first argue that labor is indeed the standard of all economic value, but at the same time I dismiss the labor theory of value.&nbsp;</p> <h3>Labor is the standard of economic value</h3> <p>We humans are <em>producers</em>. We have to work (mentally or physically) to sustain ourselves. This labor is the source of all our economic goods, and thus to all economic value. Therefore, ultimately when we want to measure the economic value of something to us it is most useful to us to measure it in terms of how much we need to work in order to acquire it. Furthermore, the amount of work hours in a lifetime is roughly stable across generations. I therefore argue that the <em>source</em> of economic value (labor) also makes sense as the <em>standard</em> of economic value. Notice that this is for purely metric purposes, as a way for the individual to have a useful measure of value.</p> <p>Labor as the standard of value enables each producer to ask himself “how long do I need to work to purchase X?” And even more importantly, he can make predictions and plans into the future. Suppose an average worker works one hour in 1960 under a stable value currency. Then 60 years later that worker can use that salary to acquire one hour worth of average work in 2020 for that money, under stable money.</p> <p>Now, for a lot of stuff he can get a lot more for that hour’s worth of labor. Anything that has experienced great increases in productivity will probably have fallen in price. However, any kind of service will remain the same. A haircut will cost roughly the same because it takes the same amount of labor. The same is true for the service at a restaurant, and a doctor’s appointment. The prices of all labor intensive goods and services will remain stable.</p> <p>Labor as the standard of value has utility to the individual because it allows him to see and understand productivity. He will make roughly the same salary from year to year (if he stays in the same job), and he will see that some prices remain very stable (like haircuts), whereas everything that undergoes technological development and automation (like cell phones and computers) will drop staggeringly in price.</p> <p>Labor as the standard of value allows the consumer to cut through all the FUD about raises. There are no raises. Salaries remain roughly stable. People then understand that increases in wealth comes from price drops due to productivity increases, not from strikes and labor union collusion.&nbsp;</p> <h3>The labor theory of value?</h3> <p>Many people will react to this and think that I am endorsing a labor theory of value. This is absolutely not the case. The labor theory of value in its Marxian incarnation is a moral theory, a theory of what the correct price should be and how each individual should be rewarded. Using average labor price in a society as the standard of value is not a moral theory or a prescriptive theory, but a theory of utility. It is useful to the individual to measure and store value in something that is strongly correlated with labor, and the reason for this is that in the long run in a free market there will tend to be a strong correlation between labor costs and prices.</p> <p>I will not make a very lengthy proof of this except to say that the price of a good or service in the free market will tend towards labor costs + profit margin, and the profit margin will tend to be equal for all areas. Hence the correlation between prices and labor costs will be very high in a free market. That’s why labor as the standard of value is useful in exchanges, not because of an intrinsic labor value.&nbsp;</p> <h3>Stable money only in a truly free market</h3> <p>One immediate consequence of this is that truly stable money can only exist in a truly free market. Today there are myriads of national boundaries where the price equalization of the free market is not allowed to operate between the nations. As a consequence, a haircut in Cambodia costs only a fraction of a haircut in Denmark. For the same reason each nation has a different level of productivity and a different wage level, and hence there is no meaningful global average wage rate. And hence true monetary stability is not possible. Only when the market forces in a free market are allowed to even out wage and price differences will a common stable average wage rate arise.</p> <p>A strange consequence of this is that in the current unfree economic environment there is some merit to national currencies linked to the average national wage. It shouldn’t be like that in a borderless society, but when the rules are the way they are with massively different trends in productivity and wages in one area over another, it makes sense to have locally stable currencies.&nbsp;</p> <h3>Gold and stable value</h3> <p>Gold has a proven track record of being stable in value. Yet, if my analysis in this article is correct it is possible to create an artificial (managed) currency which is even more stable in value by linking it to the National Average Wage Index. (NAWI)&nbsp;</p> <p><img src="https://onarchy.liberty.me/wp-content/uploads/sites/1754/2015/06/b-us-nawi-1951-2010.png" width="914" height="663"/></p> <p>&nbsp;So let’s see how that stacks up. In 1950 the average wage was 2,500 USD and today it is in excess of 40,000 USD. This means that since 1950 the US Dollar has lost about 95% of its value compared to a NAWI linked currency. This compares well to gold, despite the fact that gold has experienced two major bubbles in that same period.</p> <p>Notice also how in the period from 1950 until 1973 when the US went off the gold standard, the NAWI index tripled from 2500 to 7500. This implies that there was strong underlying inflation in this period, even if the price of dollar remained linked to gold in the phony Bretton Woods. This underlying inflation was what ultimately led the link to gold to snap.</p> <p>Obviously it is possible to construct an artificial managed currency that is linked to something akin to the NAWI, but this will always be a mere legal construct and as such can easily be confiscated and/or manipulated. Gold has the upper hand because it stores the value of the money in the actual coins. So even if it is possible to construct money that is even more stable in value than gold, gold money certainly will still play an important role. Nevertheless, while we are waiting for a new era of free banking and sound money we can use the NAWI to keep track of the true long-term rate of inflation in society. (Note however that in the short term the NAWI can be inaccurate because of economic cycles.)&nbsp;</p> </html>
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      "body": "<html>\n<p><img src=\"https://i3.wp.com/s3.amazonaws.com/liberty-uploads/wp-content/uploads/sites/1754/2015/06/gold-coins.jpg\" width=\"500\" height=\"267\"/></p>\n<p>&nbsp;Anyone who has followed the debate about money and gold knows that one of the key arguments used for the gold standard is that it is stable in value. Stable money is considered a virtue because it stabilizes the economy and removes inflationary and deflationary distortions in the economy. After this lecture on the virtues of stable value money, gold is often declared to be historically proven as the most stable money ever invented. Graphs are shown that the price of some commodity a few hundred years ago is the same as the price today. Everyone is happy and the case is closed.</p>\n<p>Except one problem that has kept bothering me. I agree that gold is stable in value, but what <em>is</em> value? What is gold stable in relation to? What is the standard of value? Gold proponents will answer that gold has proven to be the standard of value, the measure of stability, but I don’t buy that. If gold is stable in value then it should be possible to define stability without gold, and to measure the stability of gold in some other standard. If not, then gold has some properties pretty much close to voodoo. The value of gold needs to be grounded in <em>something</em>. But what? I will try to answer that question in this article.</p>\n<p>First let us look upon a case of price stability which is often used to argue for the stable value of gold. Historical prices of wheat and other commodities have, when measured in gold, varied quite little. So stable prices tend to argue for the stability of gold. However, at the same time it is also acknowledged that a sudden increase in productivity resulting in a drop in wheat prices, measured in gold, does not imply that gold is unstable. So somehow, changes in productivity allow prices to change without questioning the stability of gold value. How can we reconcile that notion?</p>\n<p>The answer is that some things do remain fairly stable during a productivity increase: wages. A doubling in productivity means essentially that you are able to get roughly twice as much products out of the same amount of labor cost. The underlying assumption is that the labor cost per hour is roughly stable. That’s why the price of the product drops in the wake of a productivity increase.</p>\n<p>So if we look at wages measured in gold we find that apart from two major bubbles the underlying trend is a stable wage of roughly 0.5 grams of gold per hour. (Minimum wages showed in the graph because they extend back to the 1940s) These were roughly the wages in America in the 19th century during the gold standard era.&nbsp;</p>\n<p><img src=\"https://onarchy.liberty.me/wp-content/uploads/sites/1754/2015/06/minwage-1930.png\" width=\"590\" height=\"353\"/></p>\n<p>&nbsp;So it <em>is</em> true that gold is stable in value when compared to average wages in a free economy. The question then immediately becomes: why? Is labor the standard of value? And if so, does this imply that the labor theory of value is correct?</p>\n<p>I will first argue that labor is indeed the standard of all economic value, but at the same time I dismiss the labor theory of value.&nbsp;</p>\n<h3>Labor is the standard of economic value</h3>\n<p>We humans are <em>producers</em>. We have to work (mentally or physically) to sustain ourselves. This labor is the source of all our economic goods, and thus to all economic value. Therefore, ultimately when we want to measure the economic value of something to us it is most useful to us to measure it in terms of how much we need to work in order to acquire it. Furthermore, the amount of work hours in a lifetime is roughly stable across generations. I therefore argue that the <em>source</em> of economic value (labor) also makes sense as the <em>standard</em> of economic value. Notice that this is for purely metric purposes, as a way for the individual to have a useful measure of value.</p>\n<p>Labor as the standard of value enables each producer to ask himself “how long do I need to work to purchase X?” And even more importantly, he can make predictions and plans into the future. Suppose an average worker works one hour in 1960 under a stable value currency. Then 60 years later that worker can use that salary to acquire one hour worth of average work in 2020 for that money, under stable money.</p>\n<p>Now, for a lot of stuff he can get a lot more for that hour’s worth of labor. Anything that has experienced great increases in productivity will probably have fallen in price. However, any kind of service will remain the same. A haircut will cost roughly the same because it takes the same amount of labor. The same is true for the service at a restaurant, and a doctor’s appointment. The prices of all labor intensive goods and services will remain stable.</p>\n<p>Labor as the standard of value has utility to the individual because it allows him to see and understand productivity. He will make roughly the same salary from year to year (if he stays in the same job), and he will see that some prices remain very stable (like haircuts), whereas everything that undergoes technological development and automation (like cell phones and computers) will drop staggeringly in price.</p>\n<p>Labor as the standard of value allows the consumer to cut through all the FUD about raises. There are no raises. Salaries remain roughly stable. People then understand that increases in wealth comes from price drops due to productivity increases, not from strikes and labor union collusion.&nbsp;</p>\n<h3>The labor theory of value?</h3>\n<p>Many people will react to this and think that I am endorsing a labor theory of value. This is absolutely not the case. The labor theory of value in its Marxian incarnation is a moral theory, a theory of what the correct price should be and how each individual should be rewarded. Using average labor price in a society as the standard of value is not a moral theory or a prescriptive theory, but a theory of utility. It is useful to the individual to measure and store value in something that is strongly correlated with labor, and the reason for this is that in the long run in a free market there will tend to be a strong correlation between labor costs and prices.</p>\n<p>I will not make a very lengthy proof of this except to say that the price of a good or service in the free market will tend towards labor costs + profit margin, and the profit margin will tend to be equal for all areas. Hence the correlation between prices and labor costs will be very high in a free market. That’s why labor as the standard of value is useful in exchanges, not because of an intrinsic labor value.&nbsp;</p>\n<h3>Stable money only in a truly free market</h3>\n<p>One immediate consequence of this is that truly stable money can only exist in a truly free market. Today there are myriads of national boundaries where the price equalization of the free market is not allowed to operate between the nations. As a consequence, a haircut in Cambodia costs only a fraction of a haircut in Denmark. For the same reason each nation has a different level of productivity and a different wage level, and hence there is no meaningful global average wage rate. And hence true monetary stability is not possible. Only when the market forces in a free market are allowed to even out wage and price differences will a common stable average wage rate arise.</p>\n<p>A strange consequence of this is that in the current unfree economic environment there is some merit to national currencies linked to the average national wage. It shouldn’t be like that in a borderless society, but when the rules are the way they are with massively different trends in productivity and wages in one area over another, it makes sense to have locally stable currencies.&nbsp;</p>\n<h3>Gold and stable value</h3>\n<p>Gold has a proven track record of being stable in value. Yet, if my analysis in this article is correct it is possible to create an artificial (managed) currency which is even more stable in value by linking it to the National Average Wage Index. (NAWI)&nbsp;</p>\n<p><img src=\"https://onarchy.liberty.me/wp-content/uploads/sites/1754/2015/06/b-us-nawi-1951-2010.png\" width=\"914\" height=\"663\"/></p>\n<p>&nbsp;So let’s see how that stacks up. In 1950 the average wage was 2,500 USD and today it is in excess of 40,000 USD. This means that since 1950 the US Dollar has lost about 95% of its value compared to a NAWI linked currency. This compares well to gold, despite the fact that gold has experienced two major bubbles in that same period.</p>\n<p>Notice also how in the period from 1950 until 1973 when the US went off the gold standard, the NAWI index tripled from 2500 to 7500. This implies that there was strong underlying inflation in this period, even if the price of dollar remained linked to gold in the phony Bretton Woods. This underlying inflation was what ultimately led the link to gold to snap.</p>\n<p>Obviously it is possible to construct an artificial managed currency that is linked to something akin to the NAWI, but this will always be a mere legal construct and as such can easily be confiscated and/or manipulated. Gold has the upper hand because it stores the value of the money in the actual coins. So even if it is possible to construct money that is even more stable in value than gold, gold money certainly will still play an important role. Nevertheless, while we are waiting for a new era of free banking and sound money we can use the NAWI to keep track of the true long-term rate of inflation in society. (Note however that in the short term the NAWI can be inaccurate because of economic cycles.)&nbsp;</p>\n</html>",
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