ArkyBeagle

ArkyBeagle t1_j1gwjzd wrote

> The reality is the roman heavy infantry was a machine.

The beginning of the 1999 film "Titus" ( an Anthony Hopkins starring adaptation of Shakespeare's "Titus Andronicus" ) has a Roman square in maneuvers in a ... soundstage? not an exterior sequence anyway.

It's one thing to read it and another to actually see it.

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ArkyBeagle t1_j1953zj wrote

> That's actually the heaviest infantry rifle ever adopted by the US military.

True.

> I'm willing to bet that cost considerations are going to ensure that the reduced version gets used in combat.

Huh. What I've read says the gain of function looked for was piercing body armor. So maybe you're right.

> but they shouldn't be significantly heavier than an M-1 Garand or an M-14.

Most likely. I imagine the M16 will still be in use.

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ArkyBeagle t1_j10k4sx wrote

That too. But the traffic death ratio has simply declined a bit faster and I (arbitrarily) picked the leading statistic. Peak traffic deaths US was 25.51 ( edit: per 100,000 ) in 1973 vs 2013's 10.40. 2.5ish is just a tad over <2.0 .

Traffic deaths are rising again as well :(

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ArkyBeagle t1_iv744wi wrote

> It’s clearly been a 100-year failure.

I'm less sure of that than you are. I made the mistake of reading ( most of ) "A Monetary History of the United States, 1867–1960" and the various panics and crashes of the 19th century were a big problem. Some of that is having money denominated in metals, some of it was stubborn attachment to other ideology.

Also - I suspect that the "Bernanke Put" worked great. That's more or less what the Fed was designed for - it was inspired by JP Morgan's ending of the Panic of 1907. Morgan died in 1913 so that avenue was lost. I think it shows well just how important an historical figure he was, regardless of any negative perception of him.

> Like a Sears home built in 1920 - the purchase price when adjusted with “silver math” comes out to almost exactly its current market value. CPI calculator had it at half.

Interesting. I'm just hoping that is not a coincidence.

I did find this:

https://en.macromicro.me/collections/3351/commodity-silver/26743/consumer-price-index-sa-yoy-silver

I'm not 100% sure there's always been signal there. But the 10 and 5 year '"breakeven" rates seem pretty stable ( which is literally half of the dual mandate ). Does that mean it's an overly managed figure ( if I read you right ) ? Possibly. They could work out to the silver figures run thru a "low pass filter", something econometricians do.

> the hunt brothers saga is a bit of a boone

If our currency was silver-backed I don't think speculation would be legal so it's a wee bit specious on my part to bring that up. It does however show that commodity money earns the seemingly-counterintuitive property of feeding instability. You'd think otherwise, right? Well...

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ArkyBeagle t1_iv6uvg1 wrote

This is a very good point but it will only hold for certain goods. Sorta "pawn shop goods" if you will. I don't think it holds for all such goods.

I don't know of a vetted data set that shows this correlation holds over time, either. Do you know of one? I'd be interested if you do.

Over time, the fashion has been to emphasize the "unit of exchange" property of money over the "store of value" property. There are practical reasons for this.

It's known ( to monetarists , not everybody ) that inflation is usually - the present one is the exception - caused by error in money supply creation. Some people think the error is necessary but some do not. SFAIK, the main goal isn't anything more than avoiding deflation and another Depression. There's the use of it of maintaining government funding. If the economy could actually treat the government as an outage and route around it, I suspect it would. But there's actually emerging Marxist theory about why it doesn't. It's Marx-based and not completely contained in works like Kapital. It could also be wrong; it's emerging.

I'd also throw in the the Hunt Brothers attempt to corner the market in silver shows another weakness of specie.

But SFAIK it's known that CPI has problems. It's required because of the Fed's dual mandate. That sort of thing is again done in memory of the Depression.

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