Usury is so gay
November 7, 2015 § 25 Comments
Dante did not put usurers and sodomites into the same circle of Hell by accident.
Reality always asserts itself, so nobody can get away with comprehensively ignoring reality all the time. When I say that all modern economic theories (including the ones you like, not just the ones you dislike) are anti-realist, I do not mean that they are postmodern. Postmodern theories look at the hopelessness of the positivist project – which is an anti-realist project, since it attempts to fully capture reality in formal representation, to reduce some demarcated part of reality to nothing but symbolic representation or a metaphysically neutral verification procedure – and pretend to give up on objective reality altogether. This becomes immediately rather ridiculous to sane and well adjusted onlookers, because directly and explicitly rejecting reality is something that it takes a peculiarly pointy-headed intellectual form of sociopathic stupidity to do.
Anti-realist economic theories (which is to say, all existing economic theories of which I am aware) therefore are not entirely disconnected from reality. There are true things which can be learned even from wrong theories: stopped clocks and all that. The sodomite’s understanding of reality is not comprehensively wrong in every respect: his understanding is a distorted and disordered view of reality, not a beaker of distilled and purified falsity. Every lie has to have some grounding in the truth in order to get any traction at all; although the more lies take hold, the less that is the case.
The thing that distinguishes anti-realist economic theories from a realist theory of economics, which as far as I know does not exist, is that anti-realist theories attempt in various critical places to reduce value and/or property to nothing but the projection of subjective human intentions, understandings, preferences, will, or desire. What you may notice is that this often involves abstracting together unlike things as if they were the same kind of thing: securitizing unreality, if you will, at least metaphorically speaking but sometimes literally. A realist perspective, in contrast, does not deny the importance of the subjective and psychological but recognizes that there is an irreducibly objective aspect at work too. (This is true in moral theology as well, where the morality of human action cannot be reduced to nothing but subjective intentions). As with all lies anti-realist economic systems would fall apart immediately if they were pure nothingness: if there were not some anchor in reality. So the thing to look for, if you really want to take the economic version of the ‘red pill’, are the places where metaphysically anti-realist finance marbles together the irreducibly real with the purely subjective into a thing it calls ‘cake’, and which it says we must all eat.
In sex, analogously, look at the manifest conflation of sodomy with intercourse. Look at the manifest conflation of the masculine with the feminine. Look at the more subtle conflation of ‘dating’ and serial fornication (as opposed to parallel fornication, which is Really Bad, at least for now) with marriage. Look at the conflation of self sacrifice (what a husband and father owes his family) with authority (the obedience the family owes to the father), and the labeling of these entirely unlike things ‘mutual submission’. Look at the conflation of committed self-sacrifice with fickle and fleeting emotions, both under the label ‘love’.
And continue looking from there, because the most important thing that waking up to the obvious examples shows is that we can be fooled by the obvious. Nominalist pseudo-categories conflating things rooted in reality with what human subjects want, intend, or expect are absolutely necessary for the lie to continue. This only works as long as most people carefully avoid noticing the introduction of anti-realist poison into their thoughts: as long as repentance is avoided at all costs.
It may help to think of accounting as the mathematics of property; of finance as the physics and engineering of property; of economics as the meteorology of property. In modern accounting, an “IOU” or “note receivable” can mean a claim against some actual pool of property, or it can mean the securitization through usury of nothing but a promise made by a borrower to personally repay. Said sightly differently an entry on the asset inventory of a balance sheet can mean a claim against some actual pool of property, or it can just be the counter-entry to a personal IOU. A note payable can mean the impairment of some actual property, or it can mean that a person is on the hook to come up with some amount of money — an IOU. The ‘fractional reserve’ is either cash and equivalent liquid property kept on hand that a property aggregator/securitizer (bank) can use to satisfy demand deposits under normal operating conditions, or it is a magical delegation of power by the sovereign which permits banks to create currency out of nothing but personal IOU’s through an accounting trick. You aren’t supposed to notice the difference; because as soon as you notice the difference, the jig is up.
The conflation of reality with unreality doesn’t just make folks think that unreal things are real though. It also makes folks think that real things are unreal. A husband and father’s authority is just tyranny, because people don’t feel like they should be morally obliged to obey flawed human beings (unless they agree with the command; that is, unless it isn’t a command). The wife’s commitment to satisfy the marriage debt is rape. Taxation is theft, because the sovereign’s role in the functioning of industries, markets, and property in general doesn’t exist. And sovereign currency is mere fiat not a security against actual valuable property, even though it actually does entitle the bearer to the settlement of tax liabilities which he incurs in carrying out public commerce in the sovereign’s marketplaces. (More on the backward troglodyte financially ignorant medieval perspective on sovereign marketplaces can be explored here).
Once the ‘red pill’ hits you, though, you’ve got a choice.
You can plant your triumphant flag right there at the starting line, next to the naked emperor and the madmen wandering about in the desolation, and enjoy the delightful company of fellow sociopaths.
Or you can start looking for the more subtle ways in which unreality has been mixed into your reality. You can become a digger.
 and : The ‘fiat currency isn’t real’ crowd, it seems to me, is rather too credulous about the willingness of private bankers to accept payment in literally meaningless bits of paper or numbers in computers which represent nothing but themselves, on nothing but the sovereign’s say so. I’ve never known a banker, of all people, to hand out actually valuable property in exchange for something literally worthless. That is the domain of timeshare purchasers and other victims of hucksters. Bankers may often be evil, but they are not stupid.