Paragon Economics Why we need Mathematically Perfected Economy Now
Submitted by mms on Thu, 09/04/2008 - 17:27
in
COSTS UNDER MATHEMATICALLY PERFECTED ECONOMY™
Under mathematically perfected economy™ on the other hand, we would have paid the producers of that home with no more than an equal measure of our own production. If all the while that home had a hundred-year lifespan, then overall, over all that time, under mathematically perfected economy™ we would have paid and would still be paying, $350 per year or $29.17 per month to repay the home's builder, who is the real creditor of the paper money we use.
Under mathematically perfected economy™, we pay for our production with equal measures of our production. If there were one or two or three years of quality labor in building that home which a few men erected in months, then after paying just that in our own labor, the home is paid for, merely for excluding usury from the equation.
Exploitation on the other hand is ruled out by the mere fact we can build or procure other homes so justly, because in preserving the value of money perpetually mathematically perfected economy™ never finances anything but to the extent of its depreciated value.
COSTS UNDER USURY
The generations which now advocate usury didn't want to do it that way. They didn't want to save and to preserve the value of their own savings to sustain themselves. They wanted posterity to pay not only for their present and future sustenance, but to pay however many further prices for the property they procured for far less; and they wanted posterity to pay whatever interest and further costs ensued for all of this, however further multiplied by usury.
What did they want; what did they get; and what did they leave us then for the price they so well settled?
Committed to usury at today's rates, that home would have cost them $239 in 1963 — more than 8 times what it would have cost them under mathematically perfected economy™; and thus itself ruling out the opportunity to save as would have sustained them through all their days, should the value of their money have been preserved as only mathematically perfected economy™ can preserve it.
Eventually sold to posterity for a million dollars today however, the monthly costs of servicing the usurious debt would be some $7,338 per month — more than 30 times the costs of usury in 1963; and some 252 times the costs of the home under mathematically perfected economy™.
http://perfecteconomy.com/pg-monetary-narcissism-condemns-it...
I wrote a critique of Mr. Montagne's theory last summer.
Abstract
I identify and evaluate the four premises underlying Mike Montagne’s Mathematically Perfected Economy™:
1) People trade things that are of equal value. If they trade things that are not equal in value, then one of them is being cheated.
2) Borrowers are trading more money in the future for less money now. It follows from premise #1 that they are being cheated.
3) Any monetary system subject to interest ultimately terminates itself under insoluble debt. It follows from premise #2 that, because the charging of interest is not currently prohibited, the world economy is destined to collapse.
4) There is class conflict between laborers and usurers as they battle over the unearned gain (surplus value) that is the proletariats’ due. By an argument similar to dialectical materialism, as the world economy collapses (see premise #3), the implementation of Mathematically Perfected Economy™ is inevitable.
Mr. Montagne denies that he is a socialist though I view his theory as being akin to Marxism and find fault with all four of his premises.
http://www.axiomaticeconomics.com/montagne.php
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Shaka, you so crazy! www.sniperflashcards.com
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Shaka, you so crazy! www.axiomaticeconomics.com
labor theory of value
The labor theory of value at the basis of this little blurb was demolished a century ago. It doesn't work. It doesn't make sense. It leads to absurd results like me spending a year painting a crappy protrait of my dog and trading it for a house that took the same amount of labor.
Value is purely subjective. It cannot be quantified.
Furthermore, without interest you can't have significant accumulation of capital for lending. Without accumulated capital for lending, the expansion of the means of production is crippled. It would take ten times as long for an economy to advance its rate of productivity.
this sounds like central
this sounds like central planning to me
It definitely doesn't
It definitely doesn't eliminate the most pressing problem and that is government monopoly over money. Until money is released from government control and becomes the property of the people once again, then what is suggested with do little in the way of restoration of the Republic. It could however, be a stepping stone toward a much freer monetary system, if there were time and the political will to implement such a system.
The problem with some who promote certain economic theories is that they fail to understand that the purpose of the use of gold as money is far more than economic, it is also very political in nature. Gold, unlike fiat money [whether debt ladened or not] is a huge barrier to government, similar to the Constitution itself. The Constitution has layers upon layers of blockades intent on making it extremely difficult to govern, this has a very important role to play, no more so than the Constitutional ideal of sound currency.
“Men do not willingly read unpalatable truths of themselves. The people like those best who fool them most by pandering to their vices and flattering their foibles”—Admiral Raphael Semmes.
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises
Mike Montegne does not
Mike Montegne does not believe in a gold monetary system for this country. Shaka can tell you all about Montegne since Shaka [Victor Aguilar] seems to have an ongoing feud with Montegne. They both deny Austrian Economics. Neither appear to be actual supporters of Ron Paul, although they do have some interesting information on their websites, some I agree with, some I don't...but then again, who am I?
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises
Victor Aguilar
So incapable is Aguilar of invalidating anything regarding mathematically perfected economy, all he does is provide counter-claim. How would you disprove that if inflation and deflation are defined respectively as increases or decreases per [whatever], that you can solve inflation/deflation but by maintaining a circulation which is always equal to the remaining value of the wealth it is intended to represent?
Aguilar can't back up his beef. I wouldn't even know he had one if he weren't so sleazy as to merely post *a link* to his "beef" in our forum, *WITHOUT EVEN DECLARING WHAT IT IS!!!*
As to the beef, where's the meat? He just makes claims, without qualifying one of them.
Frankly, I would like to meet Victor some day. It would be good if he's a really large fellow.
Regards,
mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)
http://www.perfecteconomy.com/
Regards,
mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)
http://www.perfecteconomy.com/
PS
PS.
No, I did support Ron Paul. But since he has steadfastly refused to answer to questions of how the gold standard can possibly save us, I absolutely do not support Mr. Paul any longer. That said, my intention was, all that while, that we come to agreement on principles which will work. Anyone who has looked for any confirmation on the available monetary gold would find two very disappointing things in fact: 1) there practically isn't any; 2) having taken it in the hind over the dollar, the Chinese are asking (understandably) for hard assets (gold). When you consider further that re-establishing the emptiness of a gold standard has no power whatever to reverse inherent multiplication of debt by interest, you might agree Mr. Paul's "solution" is absolutely ludicrous.
Regards,
mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)
http://www.perfecteconomy.com/
Regards,
mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)
http://www.perfecteconomy.com/
Dr. Paul has been just a
Dr. Paul has been just a little busy over the last couple of years. I do however, put a degree of credence in your theories over Victor's. In particular, I do agree that the fiat monetary system has an inherent flaw, a terminal point within its life span.
“Men do not willingly read unpalatable truths of themselves. The people like those best who fool them most by pandering to their vices and flattering their foibles”—Admiral Raphael Semmes.
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises
Gold & Collaps of Paper Money
"While credit paved the way in the past, it will not do so in the future. Character and courage, not credit and hubris, will be the requisite currency demanded in the new era."
http://www.financialsense.com/fsu/editorials/schoon/2008/090...
Pepublicae - Think outside of a box and it will come to you too.
Read, Think, take an action - Innovate or Die.
mms
mms
economist entrepreneur proprietor
sound money economic policy advocate
google! PFMPE and prosper for ever & beyond
Look up my postings MMS...I
What do you think will come to me MMS...Look up my postings MMS...I think you will find that I think well outside the box...
Yes, and I have read Schoon and Fekete and all the rest....believe me, I have spent the last 50 or 60 years reading economics, monetary theory and history.....
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises