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theory
A community for in-depth discussion of books, posts that are better suited for [email protected] will be removed.
The hexbear rules against sectarian posts or comments will be strictly enforced here.
Chapter 28 in a nutshell:
Reading Chapter 26, it looks like, mid-page, we follow the cross-examining of the major contemporary banker, Mr. Overstone, with him trying to justify to the interviewer why high interest rates follow prosperous periods for capital and vice versa
Marx seems to take the opposite approach, saying that lower interest rate follow such prosperous periods, and increases in interest rates follow periods of crisis for capital, showing a more opportunistic side to finance capital.
There's a lot more going on beyond that, however, as the interviewer shows the faults within Overstone's words, and Marx comments on that to make a point
I love this style he uses sometimes, just dunking on dummies sarcastically. I believe Karl would have been a great poster.
I believe Karl would have been a great poster.
He would've? That's an understatement... I'm pretty sure he was the forerunner, if not archetype and standard, for some Hexber rage-filled commentary effort posts a la Alaskaball
You can already feel him turn his gears, after reading things like:
"3635. You stated, that you consider that the rate of interest depends, not upon the amount of notes, but upon the supply and demand of capital. Will you state what you include in 'capital,' besides notes and coin?
— I believe that the ordinary definition of 'capital' is commodities or services used in production."
and
{ —}Interest would exist if there was no money at all."
That'd you understand why he responds with bangers like
This self-complacent rubbish is quite fitting for this pillar of the Currency Principle.
I assume Vampire has had some business come up or something, I read the next 3 chapters this week but I'm wondering if maybe one of us should pick up the slack until Vampire is back? Just so we don't fall of so close to the end?
Hey I'm here. The guys finally got the power restored. I'll fill in the backlog. Thank you very much for keeping things running in the meantime.