Do you ship to Europe? What price? I might take this offer if you do.

I have switched my miners towards nl2 to get load out of the others. Now the Last Share stat does not work. It shows always 1s. The Shares (Stale) stats seems to be working.

Economics is just too broad subject, I was giving you the upper hand by letting you choose an area.

You want me to choose: Aggregates. This is one of the big fuck ups of keynesianism. It leads to the idea that the crisis are created by lack of demand and the idea of slack capacity, which is basically nonsense.

The idea that the present crisis has been caused by a lack of demand (as keynesians like Krugman have said) is evidently wrong. The USA had a wrong sturcture of production, basically producing too many houses and sectors that gravitated around the housing bubble. The fact that the demand fo rhouses has decreased is a good thing and does not mean that the general demand (such thing is a concept, it really does not exists) has fallen. What its happening is that the demand is re-arranging for what the people really need and want. The problem is the productive capacity is not producing those types of goods (it has capacity to produce too many houses). The demand and the supply are descoordinated.

There is not slack capacity. There is basically malinvestments that need to be purged. If you believe there is slack capacity you bascially believe that you need to keep building more houses (and asociate industries), because that is the type of capacity that exists.

You are very clear. And you have this detail wrong, although it does not change the big picutre of what you are saying. Banks lend the money out first and then look for money of the Fed to keep the ratios. So the money is lent first by the banks, and later on the Fed creates the money to cover the operations, not the other way around.

I still dont understand what it has to do with the labour theory of value.

Austrian economics is only descriptive and with some capability of prediction, like any other science its amoral. Recognizing the morality or inmorality of some arrengement is not the task of austrian economics, the same way recognizing the morality or inmorality of an arrengement is not the task of physics or medicine. Science should describe an arrangement and predit its results. The task of saying if it is moral or inmoral belongs to morality/politics/philosophy.

What part of economics are you interested on discussing?


Here you have answered in American. In European "Social Democracy" is something else entirely, I don't think it's currently possible to articulate the concept in American.[/quote]

Im from Europe. I was talking about the general concept of social-democray. Social-democray is corporatism.

My main doubt is what has the Labor theory of value to do with all this?

There are a couple of things:


Central banks dont try to control price inflation, one of their tasks is to create price inflation, usually with a target of 2%.


Its the other way around. Banks lend out the money first, and later on the Fed creates it to cover the banks.

Yes, I think. I can explain you logically why keynesianism does not work and the main points why keynesiansim is wrong.


Social-democracy is just a kind facade for corporatism, so yes, I think its pretty accurate to say that a big part of the USA democrats are social-democrats.

Social-democracy just increases the power of the political elites and their allies, increases the gap between rich and poor, diminishes the standards of living, and usually tend to collapse or degenerate promoting warmongers to government.

To overclock in Linux is better to use AMDOverdriveCtrl. Google it.

Ron Paul does not deny evolution. Your opinion is probably based on a manipulated youtube video. I recommend that you go and find the complete version of the video. Ron Paul is saying that evolution happens but that there had to be an initial point for live and he believe god did it. He is religious and believes what many religious person do, including f.e. Obama (who believes exaclty the same as Ron Paul in this issue).

Generalizing much?


But Liberal in the USA does not mean the same as it means in the rest of the world or what it used to mean in the USA. Liberal in the USA is basically social-democrat while european liberals oppose social-democracy. If you want to refer to real liberalism in the USA you have to use classic liberal, as opposed to progressive liberal. This happened because duting the last part of the XIX century begginning of the XX the progressive movement highjacked the Democrat party, that was liberal (supporting free markets and individual liberty) and changed its program. But the word liberal stuck, thus chaning the meaning in the USA.

Ron Pauls supports net neutrality, that menas he is against the law with the orwellian title of Net Neutrality. That law is nothing else that the government starting to regulate the internet and anyone supporting net neutrality should oppose it.

Not necesarely. A lot of people dont have the knowledge or can not be bothered going into mining, so even if mining is more profitable at some point they will be buying. In the same way, even when buying is the most profitable option people can make long term plan and decide to go mining. In reality, nobody knows what will be more profitable, mining or buying. All people do is decide whether mining or buying is more profitable under the present circusntamces, but nobody knows what will be the future circumpstances so in reality nobody knows what the answer is. Its not as simple as you are painting it.

Mining is profitable right now if you have the initial investment paid. But if you expect to get the initial investment back that is another issue.

You should not ask age, gender and how many bitcoins someone owns. I understand your commercial interest but I will not answer those type of questios. I left the first option on all those questions and answered the rest.

I value more a bitcoin in 5 years than anything a bitcoin can get me now.

EDIT: Actually its not true, since I have used my bitcoins to buy several stuff, but it sounded cool. 

Can you tell us your rig and your Kwh rate?

That is a "risky" prediction given that some company has already announced they will have them in September-October. Although in this kind of projects, delays are the norm not the exception.

You are confused. That is the best part of sex.

They will throw you in jail. What a relief...