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vox kadavergehorsamkeit
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Copernicus, Galileo and Gold. Part II

- Hugo Salinas Price - Plata.com

While in general agreement with the gist of your post, there are a couple of points worth making. With regard your statement "Statistics as a tool is worthless for science, but integral to philosophy"; it would have been more accurate had you inserted the word "classical" in front of science. Since the advent of quantum mechanics, it has been necessary to employ statistical methodology when making predictions about outcomes.

The other point worth making is that thousands of years of experience has irrefutably demonstrated that all monetary systems based upon a gold standard have ended in failure of the currency. If one is to advocate for a return of a gold standard system, one must ignore history. Ignoring previous experience only leads to a repetition of the same mistakes.

Once again let me state that in general, monetary systems fail not because of what we choose to represent money, but how we spend it. That is the clearest lesson of all to be drawn from monetary history.

Commented 4166 days ago

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Beginning of the headline :The development of Economics and the development of Astronomy share interesting parallels. Aristarchus of Samos – the Greek island that produced Pythagoras – was born in 310 B.C. Aristarchus set Astronomy on the path that would have led to its correct development by postulating the Sun as the center of the Universe, with the Earth revolving around the Sun while revolving around its own axis; he also set the planets in the correct order of their distance from the Sun. Unfortunately, the preconcei... Read More

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