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It was a garbage in, garbage out decision. It was quite simply putting to paper the natural results of the framework for Antebellum slavery, shocking many with the blunt confirmation of the prerequisites for the Southern legal system because it was quite the extreme position even among...

It isn't so much Fascism staying around in perpetuity as the fact that the historic universal demonization "backwashed" into all flavors of Nationalism, thus making state self-interest a lot "dirtier" than it would be if NATO had cause to keep a Fascist country on its side.

There's a non-zero chance the entire world would be doing dramatically better, as if Italy were still a heavily militarized authoritarian state people would have come up with every possible excuse to get them in the "Fuck The Soviets" coalition formally as more boots on the ground, in an exact...

This is all you ever gave on investments competing with deflation that I've seen: Your reasoning seems to be that people will throw away buying power on low-margin investments because "their future isn't necessarily on the line if they do". Where are you getting that? Do you seriously think...

Let me point out where this bit started: I said "zero difference between metals in this case, so long as you declare it to be a consistent hard material". As in, with regard to you saying that "if you only back your money supply with 50% gold... You have a 50% gold standard, and 50% fiat", I...

Actually, it's that "there is far too little gold per person to run an economy on, you need some way to correct this". It wasn't a continual problem in ancient times because the vast majority didn't work with currency, they worked with barter, and largely produced their own needs. But today...

My point is that people won't be investing to build up infrastructure for anything to be better because their personal needs are met in large part by the increase in purchasing power from doing nothing. How many fewer people do you think would be willing to start a small business if their...

Then why the obsession over gold instead of trying to find a material that actually has enough supply if it's "a single glaring flaw"? Am I wrong in saying that gold is not special for the basic classification of a currency? Is my understanding of what caused Europe to abandon the gold standard...

In the theoretical basis of what is and isn't fiat currency, there is no difference. Gold is valuable purely due to rarity and odd appearance, it is too rare for utility to have a serious factor. The fiduciary system in question stemmed directly from the unsuitability of the gold standard to...

"The only reason people use this god-awful thing is because things have changed so the thing I want literally doesn't work" is... A hell of an opinion.

...No? There's zero difference between metals in this case, so long as you declare it to be a consistent hard material. Gold is not at all special like this, it's expensive because it's a rare material with a distinctive appearance. Pennies in the US would be less fiat than gold is if their...

Not quite, old traditions cannot be recovered due to technology making them counterproductive all over the place. The thing is that there's absolutely nothing preventing new traditions. The "Dark Ages" had little in common with pre-Roman life, enormous swaths of the traditions that held to...

Point of order, the reason for this is because it's extremely well established historic fact and the grifters find it remarkably trivial to keep the grudges going after the fact, and revive them where they lapsed.

Oh really? Where are the logs of experimental observation from church-sponsored Natural Philosophers? People working for a body with an official on-pain-of-exile-if-not-death position that the world had plentiful unobservable phenomena, like the aforementioned Angelology? Empiricism is the...

Natural Philosophy could not have gotten us to modern medicine, because it was not empirically driven. Philosophical reasoning cannot generate novel inputs, which is vital to the advanced physical theories we have today. Wave/particle duality could never have been devised by Natural Philosophy...