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Outside of loans, contracts, and other entangling agreements, would any other complications arise from such a drop? I imagine the problem of sticky prices would pop up, in at least the short term. I imagine union labor would be unhappy about such a large nominal wage cut, and employers might be in medium or long-term agreements with them. In my view
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[quote user="Le Master"] [quote]Given that interest rates are artificially and unsustainably low, why would any businessman make his profitability calculations based on the assumption that the low interest rates will prevail indefinitely? No, what would happen is that entrepreneurs would realize that interest rates are only temporarily low
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[quote user="Juan"]Sonny, you already showed that your philosophical skills boil down to pasting a link to a wikipedia's article.... [/quote] Or maybe I post those links for your benefit, as discussions in this area typically require a basic understanding of background material that you clearly lack.
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[quote user="Juan"]By the way what happened to your completely deranged 'opinion' that everything is ultimately based of faith ? There was a trilemma, a quintilemma or something ? [/quote] Hah, we discussed it and then moved on. Do you want a link? edit: Snowflake, I think you are missing my point, or we are using different definitions
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[quote user="wilderness"] [quote user="zefreak"]I do not think the differentiation of "action" from "maxim" is very useful.[/quote] why? You didn't provide any knowledge on it's un-usefulness. You simply explained how somebody could be confused as to what the terms mean. [/quote] If a maxim can be of any
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[quote user="Snowflake"] [quote user="zefreak"]Any action can be made to be universal by being really, really specific.[/quote] Well its not actions actually... An action is something that you do, like driving a car or blowing your nose. Kant said to act with universal *maxim*, which is not an action in and of itself but rather a
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[quote user="Adam Knott"] [quote user="zefreak"] Right, justificationism is normative philosophy in itself. People may like to be logical but it has certainly not been shown to be a moral obligation. [/quote] Justificationism . I haven't heard that before. Is that your term Zefreak? I would probably hold that justificationism
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[quote user="Snowflake"] [quote user="zefreak"]The Categorical Imperative postulates that universality is a moral obligation, that specific characteristics do not enter into the equation. One, this is an unwarranted assertion. It is a normative claim regarding rationality that, although commonly, perhaps universally accepted, is
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[quote user="Adam Knott"] [quote user="Snowflake"] Wiki "According to his reasoning, we first have a perfect duty not to act by maxims that result in logical contradictions when we attempt to universalize them. The moral proposition A : "It is permissible to steal" would result in a contradiction in conceivability
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[quote user="Snowflake"] [quote user="zefreak"]The Categorical Imperative is begging the question.[/quote] What question?[/quote] The Categorical Imperative postulates that universality is a moral obligation, that specific characteristics do not enter into the equation. One, this is an unwarranted assertion. It is a normative claim