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  • CaptUSA's Avatar
    Today, 03:44 PM
    Well, I'm out for the weekend, but since we're acknowledging things, I should acknowledge that I made it sound like James lost his time and materials without compensation.... He still lost them but he was compensated. It's not "stimulating" like his profit because there was an equal loss, but I should have acknowledged it. In any case, his net benefit is $10, but the difference is whether American has both the chair and the time and materials, or the chair and waning FRN's. Seems like there's no need for expensive protectionism in any case. Enjoy the long weekend!
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    Today, 12:44 PM
    :) I noticed you skipped this part... You can use your math, if you can make it work. You also didn't address the cost of creating and implementing the tariffs that is borne by Americans.
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  • CaptUSA's Avatar
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  • CaptUSA's Avatar
    Today, 09:31 AM
    When I worked on the railroad in PA, I ran the EMD-SW1500. 1500 hp electro-magnetic diesel. The diesel engine charged the lead acid batteries and those powered the motor. 1.2 megawatts of output. Electric motors are very responsive and very efficient. But the diesel did the work of giving the power to those batteries! lol - today, they'd call that a hybrid. (interestingly, when the diesel engine cut out, you could still run off the batteries - for about a minute or so, depending on the load :D)
    640 replies | 58120 view(s)
  • CaptUSA's Avatar
    Today, 09:27 AM
    At the risk of continuing a trolling operation, it may be instructive to anyone who seriously wants to understand this... This is a basic misunderstanding of economics. Wealth is created due to the discrepancy in subjective value. I valued the chair at $70 (really probably somewhat more than that since I was willing to trade) and James valued it at $60 which is why after the trade, he ended up with a profit. That's precisely how wealth is created. Again, that same basic misunderstanding. Money is a measurement of wealth - not wealth itself. I exchanged my measurement for something of greater value, so I increased my wealth. And because I added wealth to myself, I added wealth to America in the aggregate. Using your misunderstanding, wealth could never be created internally because it's like passing money from my left hand to my right hand.
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    Today, 08:55 AM
    As a tool, electric transportation has benefits for certain use cases and significant drawbacks for others. I can certainly see electric being the dominant method of urban travel in the future. But to expand much beyond that, you'll need dramatic technology advances that are still far off. And without the subsidies, even urban electrification is cost-prohibitive. As for battery exchanges, it comes up a lot in discussions - especially on the medium/heavy duty side... But that has drawbacks, too. It's unlikely going to happen anytime soon on the light duty side. Constantly connecting and disconnecting batteries of that size creates problems when the operation is not well controlled. It's not as easy as exchanging a propane tank. Then, there's the ownership/lessee arrangements. Not insurmountable, but I'd expect electrified robotaxis that return to a hub to charge when needed to preclude the need for exchanges.
    640 replies | 58120 view(s)
  • CaptUSA's Avatar
    Today, 04:43 AM
    Who said electricity was bad??! Right tool for the right job.
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  • CaptUSA's Avatar
    Yesterday, 04:16 PM
    Wait, what?! I showed what James and I had before the transaction and then after the transaction. To simplify it even more, I gave James $10 for nothing so he'd still make the same profit AND he kept his time and materials! I still got a chair and a donation to Jim for $70. Any which way you cut it, it's an increase in wealth for America. You used a bunch of logic gymnastics to arrive at a conclusion you wanted. But it doesn't make any sense. It doesn't matter if James bought the materials or not - if he bought them, he'd still have them; if he didn't buy them then he'd have his $40. As for James' surplus in time - yes, he'd have to figure out how to utilize that time, but at least he has that opportunity! I DO want industry! Wealth creates more industry! I showed you how that transaction abroad not only saved me $10 to donate to James, but he also kept his materials (or didn't have to buy them) and he has time to labor elsewhere. You can argue that this surplus of wealth will also be spent overseas and James won't be able to find something else to do, but you can't plausibly argue that the wealth has not increased! Since wants are unlimited, I know that James CAN indeed use his skills elsewhere. And you would rob that industry of James' skills. It's the seen vs. the unseen, brother. It really works. Protectionism will help James, but it hurts everyone else and it harms the wealth growth of our nation.
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  • CaptUSA's Avatar
    Yesterday, 12:23 PM
    What's her name? :D (sorry, couldn't resist)
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  • CaptUSA's Avatar
    Yesterday, 07:44 AM
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  • CaptUSA's Avatar
    Yesterday, 07:40 AM
    For AF...
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  • CaptUSA's Avatar
    Yesterday, 06:46 AM
    Let's simplify it more... American only starting position: James has $40 in materials and let's say an hour of labor valued at $20. I have $70. American only ending position: James lost his materials, used his time, but has $10 in profit I lost my $70 but have a $70 chair.
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    05-22-2024, 06:40 PM
    A few things... First, you are forgetting about the $40 of unused material that James still has if you bought this chair from Li Zhao. That material can be used to serve other needs. It is wealth that was not consumed. Secondly, the $10 I saved will be spent on something else. So in addition to the chair and James' unused materials, I can also buy $10 more worth of other goods someplace else. Let's say a haircut. Now I have a chair and a nice haircut and James still has his materials to sell elsewhere. And my barber has one more client that day. Finally, there's the case of what Li needs to do to make his FRN's worth anything. He needs to circulate them back to the US. So, for $70 I have a chair and a haircut, James still has his materials, my barber Jim is gainfully employed and Li has an incentive to turn his FRN's into usable goods or services.
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    05-22-2024, 04:56 PM
    Per usual, you don’t fix a government problem with more government. That being said, efficiencies increase profits AND consumer value. They both would have increased MORE without government meddling.
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    05-22-2024, 11:09 AM
    I don't want to give up on you because once you understand this, it becomes obvious and you can no longer see it the other way. Protectionist tariffs hamper domestic growth, manufacturing and production. First, because politicians are incentivized to help their elite donors and it requires bureaucrats to monitor and implement correctly. Second, because it harms the American consumer who then has fewer dollars to spend on other industries which also require manufacturing and production. Since those industries are harmed at a greater rate (though, it's dispersed), the overall growth is lower than it would have been otherwise. I understand it sounds counterintuitive at first, but lots of libertarian thinking does. But once you see what's happening at the big picture, it's hard to fall back. Please don't give up on learning about this.
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    05-22-2024, 09:27 AM
    Not to pick any bones here, but ALL roads lead to socialism. Democracies, corporatism, capitalism, fascism, anarchy... Any system naturally leads to more centralized control over that system. It's the nature of human interaction. Every individual, and by extension, every organization of individuals, has an incentive to grow their power and influence over things and try to "control" them to the best of their abilities. It's why a centralized government is bad because you can't opt out and choose a competitor. Don't get me wrong, I'm all about Mises. It's just that the slippery slope argument can be applied everywhere. Liberty takes eternal vigilance to stand in opposition to humankind's natural tendencies to grow power.
    3 replies | 256 view(s)
  • CaptUSA's Avatar
    05-22-2024, 04:11 AM
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    05-22-2024, 04:10 AM
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    05-21-2024, 06:52 AM
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    05-21-2024, 06:51 AM
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  • CaptUSA's Avatar
    05-21-2024, 05:43 AM
    What the living hell are you talking about?! Ron Paul's position and mine are EXACTLY the same. Because we come from the same school of economics. We can accept low, uniform tariffs as a less objectional way of funding the limited functions of a federal government. We REJECT government protectionism! Your position is the same statist claptrap we've heard for decades from lefties. You are completely opposed to Ron's position! Don't backtrack now. So much for those baby steps.
    60 replies | 2362 view(s)
  • CaptUSA's Avatar
    05-21-2024, 04:18 AM
    Well, at least now he says he opposes Ron's views instead of lying about them and pretending Ron Paul supports that tariff nonsense... Baby steps.
    60 replies | 2362 view(s)
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    LOL You're ridiculous. Go away, you globalist troll and race-obsessed collectivist hack.
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    You're lying again, and your obsession with race is pathological and also boring. Go issue directives to someone else, you globalist troll.
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    That is a lie, and on Good Friday of all days. Your obsession with dragging race into so many conversations is getting real tired.

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    erowe1, are you seriously taking the position that cops are "innocent until proven guilty"? Or are you just messing with people here to see if they are parroting what they've been told without thinking about it?

    Mind you, I'm not talking about the not-so-subtle "Let's lynch 'em" attitude. I tend to think that's a bad idea, even if I philosophize in weird directions sometimes (its part of my efforts to stay sane while surrounded by statists IRL, give me a break). But, there is a difference between saying "we shouldn't condone harming X for Y or Z reasons" and saying "X is actually innocent."

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    You should comment on this thread: http://www.ronpaulforums.com/showthr...ps-exist/page2 I am curious about your argument.
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    http://www.ronpaulforums.com/showthr...-marital-union

    I know you said you agreed with me that the sex = marriage argument is wrong, so you might want to get involved in this thread... I could use some help here as I don't know as much about this as I probably should.
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    I genuinely wonder how that would have gone over in my church. Probably not nearly as well.
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    Thanks for the sermon. Good stuff. I passed it on to my parents. My dad's a pastor so I'd love to see him converted to the view of Romans 13 that you take or a similar one.

    Just out of curiosity, how well received was that message in your church?
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    Thanks. One of my brothers in Christ who I respect and love told me that a Christian man should spend more time with his brothers than people in the world. I was spending so much time on the forums with these unbelievers, and when he said that, I was extremely convicted. There is nothing like spending time with brothers who build you up in the Lord and sharpen you.
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    I just wanted to say that I really appreciate your insight on topics like we just discussed. (existence, god, reality, etc) You give me much to mull over.
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