Thursday, November 2, 2017

Never any source with these people...


This picture of a circuit with no source used as symbolism is being tweeted/retweeted lately taking some shots at "Keynesianism!" etc.  :







This is nothing new from this cohort of mankind; this is an equivalent picture of the serpent eating its own tail from an ancient pagan sect which is the same type of agnostic/atheist thing that we get from these libertarians today:





There was a whole system to it back then too.  From the wiki for  Greek ouroboros meaning ''tail devourer" [LOL!!!]:


The first known appearance of the ouroboros motif is in the Enigmatic Book of the Netherworld, an ancient Egyptian funerary text in KV62, the tomb of Tutankhamun, in the 14th century BC. The text concerns the actions of the god Ra and his union with Osiris in the underworld. In an illustration from this text, two serpents, holding their tails in their mouths, coil around the head, neck, and feet of an enormous god, who may represent the unified Ra-Osiris. Both serpents are manifestations of the deity Mehen, who in other funerary texts protects Ra in his underworld journey. 
The ouroboros appears elsewhere in Egyptian sources, where, like many Egyptian serpent deities, it represents the formless disorder that surrounds the orderly world and is involved in that world's periodic renewal.[7] The symbol persisted in Egypt into Roman times, when it frequently appeared on magical talismans, sometimes in combination with other magical emblems.



Same cohort of morons just using an electrical component today as a contemporary symbolism instead of a serpent used by these same zombie nut-jobs thousands of years ago.


SSDD.

11 comments:

Bob Roddis said...

Matt Franko:

You haven't the slightest understanding of Austrian concepts or analysis. Just like every other Keynesian in the galaxy.

I'm curious as to how you reject ideas that you are afraid to engage and about which you know nothing.

Matt Franko said...

Bob, I was trained in systems theory, you weren’t Bob youre a lawyer....

You may return to your ‘tail devouring’ now and get back to getting nowhere....

Matt Franko said...

Bob what makes you qualified to comment on any material systems matter with a Jurist Doctorate ?

I’m not going to tell you about the law... why do you feel the need to get involved in matters that you are not trained or qualified in?

MRW said...

Trained in systems theory? Are you familiar with Russell Ackoff (one of the founding fathers of Systems Thinking) and Vincent Barabba?

MRW said...

You read this? https://en.wikipedia.org/wiki/Systems_theory

Matt Franko said...

MRW the academe should create a degree program in it, BS Systems Engineering or something like that , I have BSEE and maybe half a MS by the time I stopped training... mucho systems analysis and design training...

In systems like this there is always a source... even Mechanics you have fluid/pressure heads, etc..
Look at JD’s ‘Diagrams and Dollars’ book, JD is a trained Architect ...

Biology has “Source/Sink Dynamics”....

This is how people are trained to think in material systems disciplines...

Nothing is “ex nihilo” ...

MRW said...

"MRW the academe should create a degree program in it." They did. 50 years ago. At Wharton.

Bob Roddis said...

Mr. Franko: I don’t claim any expertise in your area of expertise, which is predicting whether new injections of spending and funny money into an otherwise unsustainable boom will sustain the boom for an additional period of time. However, your theory (which is that things will slow down without these new injections) is completely in sync with Austrian theory.

As an attorney, I know how to look for evidence and evaluate it. There is no historical basis for the Keynesian thesis that the “economy” requires injections of government spending or funny money unless there has been a prior distortion in the market caused by government spending and/or funny money injections. These prior distortions induce an unsustainable price, investment and capital structure which can only be maintained by additional injections of spending and funny money. Take away the heroin, and the patient collapses.

World War One is Exhibit A.

http://bobroddis.blogspot.com/2012/08/daniel-kuehn-provides-factual-basis-for.html

Matt Franko said...

You are disagreeing with current law... current legal arrangements... I would think that you would be supportive of the law once it is established out of respect for your profession and out of respect for all the work youve put in to your training...

We have the Federal Reserve Act and the Humphrey Hawkins Full Employment Act already in the US Code... crafted by attorneys who are trained to write up the code...

Now we should just bring in qualified and competent technical people for implementation... the jurist's job is done why cant you just be proud of your type's work contribution and let it proceed?

Matt Franko said...

"There is no historical basis"

There is no historical basis for ANY technical advancement... this is what you miss because you are not technically trained... youre a Jurist... this is not a science degree and not scientific training...

Youre trained to value 'precedent' so ofc you would say "There is no historical basis"...

There was no historic basis for space flight either... if you can see what I mean...

Advancement in Information Technology has made it possible for governments to use interconnected near real time global information systems to do our national accounting since we left the Bretton Woods (metals based) agreement in 1971 ...

now lately you are seeing things like Bitcoin/blockchain, etc... these are TECHNICAL matters ...

Our "money" system is a technical system its not a political system ...

we should have technical people operating/administering it in accordance with current law...

instead we have Arts Degree people and jurists f-ng it all up because they are not technically qualified in the first place...

"Stability creates instability!" (btw very Serpent-like) and BS like that is running rampant...

Bob Roddis said...

Reread (for the first time) what Farley Grubb has written:

http://mikenormaneconomics.blogspot.com/2017/04/counter-current-news-massive-blow-to.html?showComment=1492451142157#c8630487779893156414

I do repeat myself.