Showing posts with label value theory. Show all posts
Showing posts with label value theory. Show all posts

26 April 2026

Crypto-Currency- Good Prospects for Surviving W.W. Three?

 I learned a bit about crypto currency. Not sure what Milton Freedman would have thought about it. One of the down sides is that with large emp blasts or a future global conflict it might not survive. It really is a floating currency and secured electronically. Quantum computers may change the security of crypto as well.

 I don't do stocks or even monetary policy things since my interests are more along the lines of 'invest in heaven where flame and moth don't corrupt' lol. There was a philosopher- one of the Diogenes, who was a cynic and eschewed possessions. Laying on the ground in the sunshine the story goes that Alexander the Great walked up to him and said; 'I will give you whatever you like, teach me your wisdom. Diogenes looking up at Alexander reportedly said-'Move aside, you are blocking the sun'. I am not a cynic, yet the moderate approach to possessions and value theory (the philosophical field of axiology) is something I do have an interest in.

With 40 trillion dollars of public debt some feel the economy will crash in a year or 10 and the U.S. government will go bankrupt. The rich and many others will have invested in crypto and feel independent of the dollar's devalue- and making it difficult to recover from the probable depression with no capital available for pump priming the economy.

Social Security is supposed to run out of solvency in five years requiring cuts. If only those in the upper 50% were cut that might not be painful too them exceed for their pride in prosperity being slapped. If they cut the bottom 50% by as much as 25% that is likely to cause real pain for those relying upon it as their sole source of income. Americans being the way they are these days are unlikely to tolerate just the prosperous being downgraded 25% and will insist the poor suffer too- since the prosperous tend to feel it is their money, rather than social income insurance to keep Americans out of dire poverty.

I believe that with the mention in the bible of God not favoring those people that trim the poor, the prospects for national recovery may be even worse than is necessary after decades of irrational exuberance in regard to tax cuts for the prosperous.

27 December 2025

On the Proposition that Nothing's Inherently Valuable and Delusion is Behind Values

 Nothing is inherently valuable therefor values are delusional? Consider this for a minute.

Proposition: Nothing is (inherently) valuable; inference 1- values are delusional.- Points of fact-Values are variables and have utility meaning or worth. Some value assignments are in error while some are correct. For example; if walking across the Mohave Desert in August a bottle of ice-water would slake thirst and is valued for reducing thirst; consideration... Thirst occurs in walking or riding a bike in the Mohave desert in August. Water slakes (reduces thirst). If a bottle of ice water is valued as a thirst quencher, and it does quench thirst, the proposition value paradigm is correct rather than delusional.

Values are like words and word strings that are used by a sentient being to communicate. Values are also generally a subjective form of communication for-oneself assigning values or utility or worth to various objects, service, events etc. Such things are not inherently valuable only in the sense that words do not cohere in objects in a sentient way. Even so, while anti-matter is quite uncommon and difficult to produce, it's value or utility lies in scarcity and difficulty to obtain for those that want some. The desire to have an object in relation to its intrinsic scarcity create a value in the minds of those that want it. Value is an estimation of what is required to obtain, affect, change or control part of the real world directly identified.