Xerographica wrote:The Grim Reaper wrote:
My God, even you know how stupid your system is.Individuals do not act so as to maximize utilities described in independently existing functions. They confront genuine choices, and the sequence of decisions taken may be conceptualized, ex post (after the choices), in terms of "as if" functions that are maximized. But these "as if" functions are, themselves, generated in the choosing process, not separately from such process. If viewed in this perspective, there is no means by which even the most idealized omniscient designer could duplicate the results of voluntary interchange. The potential participants do not know until they enter the process what their own choices will be. From this it follows that it is logically impossible for an omniscient designer to know, unless, of course, we are to preclude individual freedom of will. - James M. Buchanan, Order Defined in the Process of its Emergence
So you're saying that if this decision became available to you, you would suddenly be able to directly quantify the amount of money you're willing to spend.
How prescient.
Either your system is predicated on such an inordinate amount of gullibility that you've baked in price-anchoring as fundamental to the system's function, or you grabbed the first President you could think of because...I don't know, you think I give a shit about a guy who cared so little about his opinion he wouldn't even bankrupt himself by giving his money to an arbitrary charity to signal how important he thought he was.
You're using as a defense a quote from the single worst President in American history to justify as generalizable the very quote that I picked from you as a representation of your system's generalizable failure. It is fitting that someone whose legacy is synonymous with the rabid defense of arbitrary social structures based on the conflation of holding socioeconomic power with the capacity to exercise socioeconomic power is your preferred tipple.