How do all the old timers feel about "silver stackers?"

I do own my own home on 5 acres and I own the adjoining lot, also 5 acres. So I guess I do have some of my assets in real estate.

 

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I don't know much about the art market, but from what I see, it does not track the same as the coin market. Maybe up about 50% since 2004, with a peak in 2008 and a valley in 2010?

I also suspect that the Baron's idea of "rare art" may be well out of reach of the 99.99 percent.

 

Look @sakata, there's room in the world for charlatans, in all fields.

In medicine, we have real M.D.'s, who practice real medicine, and then we have crackpots like homeopaths and vitamin pushers.

In economics, we have real professional economists, and they are virtually ALL Keynesians. Just as in medicine, we also have crackpots. We call them Austrian School believers. So yes, you can associate with the dingbats, charlatans and crackpots if you wish - that's your choice.

 

Of course. The system will not allow them to be anything but followers. Independent thinking is suppressed and so only those with initiative to think for themselves are allowed to work outside the box.

Big Pharma does not like traditional medicine so only endows allopathic institutes. Big Business does not like non-Keynesians so only endows Keynesian institutes. So of course people who care more about making money are going to tow the line.

There are a few exceptions around but the majority of people are followers, afraid of upsetting the powers that be.

 

At LEAST 95% of the time, so-called "independent thinking" is just another name for quackery, whether in medicine or in economics. Only 5% of true independent thinking ever amounts to a hill of beans. And that's 5% of an already incredibly thin sliver.

 

Only a keynesian would not understand what that means:

"The reward for conformity is that everyone likes you but yourself."
Rita Mae Brown

 

And only a true nutcase would denigrate Keynes but hold up Rita Mae Brown as someone worthy of quoting. Jus' sayin'.

 

Kurt, why do you try to belittle everyone who does not agree with you?

 

Austrian School believers

 

My guess is he only belittles people whose ideas should be criticized. I know that's how I operate, and from reading his posts, he seems to too. That belief that uniformed skepticism is equal to informed skepticism is incredibly threatening much of the progress human civilization has made.

Examples:
Someone's kid has autism and was vaccinated, therefore the parent is skeptical of vaccines and therefore believes there is possibly a connection between vaccines and autism.

That conclusion and that skepticism of that parent is NOT equal to researches applying natural scientific skepticism to the claim that vaccines are safe. They are skeptical of the initial claim that vaccines are safe, so they test them time and time again to determine if they are. Since there has been no evidence that they are unsafe, the informed consensus is that vaccines are safe.

One is uniformed lay person skepticism with zero basis in research or fact. The other is natural scientific skepticism that is applied to testing whether something we believe is right or wrong and that has resulted in no evidence that we should remain skeptical of the safety of vaccines.

Another example is how you read the news. As a lay person, sakata, you can and should apply skepticism toward a claim a newspaper article makes. You should then read other publications to see if they generally agree. Do experts in that field come to the same conclusion as the article you read? Are those experts actually credentialled in areas they should be? Do they experts cited have track records of honesty? Do the articles agree with each other? What is the track record of that news organization in factually reporting things?

If you think like this, skeptically, you won't be likely to be fooled or misled. However, if the skepticism you apply is to say "to hell with them all, they're all part of the establishment and they are all trying to mislead me" then you are apply irrational skepticism and distrust.

So then my question to you will be: ok, what is your evidence that they are all in cahoots to mislead you? Then the onus is on you to prove that claim.

 

myownprivy, I do not share your values which appear to be closer to Kurt's. But I have no problem with you as you are at least civil about it.

 

I have too little time left to waste any being polite to ignorami. My family, the taxpayers, the endowment of my educational institution I attended, and I, all paid fabulous sums to educate me formally, with a classical education, complete with an honor code, with a major in economics. I will NOT stand idly by while charlatans who read an Austrian School website or two think their opinion is as informed as mine.

Don't like it? Tough! And that includes morons like Patrick Heller and his drivel in Numi News, too.

 

But you have enough time to belittle those who disagree with you. Perhaps you could, instead, use that time more wisely by trying to understand opinions which differ from your own. Civil discourse is much pleasanter for everyone. I happen to believe you are wrong, very wrong, but I do not insult you because of the opinions you hold. I will occasionally try to make comments to try to make people think about both sides of things. I realize this will not work with you, but there are others reading as well.

 

No time? You mean your not on Easter recess for the next six weeks courtesy of Pa. taxpayers?

 

Vaccination / autism goofuses now include Robert Kennedy, Jr. and Robert DeNiro. Sad.

 

There it is.^ Kurt logic in all it's glory. Say something bad about Lord John and you must be a nutcase.

As for Rita Mae Brown it's the quote I like. I don't even know who she is or was.

 

How much ya got in pharma stocks?

 

Wait, so now, if you aren't willing to ignore an enormous body of epidemiological evidence and put your kids and the community at risk from easily preventable diseases, you're supposed to be on Big Pharma's payroll? Then where the heck is my paycheck? Those pikers!

 

Directly? None. Via a mutual fund? No idea.

The evidence of your fundamental lack of touch with reality just grows and grows, doesn't it? Hardly a surprise, though. This IS the bullionista section after all.

 

Might be worth a Google.