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(Electric Universe) - '..History speaks only to those people who know how to interpret it on the ground of correct theories.' - Mises

Posted by ProjectC 
'..sense experience speaks an easily perceptible language. There is no use arguing about experiments. The reality of experimentally established facts cannot be contested. But in the field of praxeological knowledge neither success nor failure speaks a distinct language audible to everybody..'

'The ominous import of this state of affairs is that it prevents the naïve mind from recognizing the reality of the things economics deals with. "Real" is, in the eyes of man, all that he cannot alter and to whose existence he must adjust his actions if he wants to attain his ends. The cognizance of reality is a sad experience. It teaches the limits on the satisfaction of one's wishes. Only reluctantly does man resign himself to the insight that there are things, viz., the whole complex of all causal relations between events, which wishful thinking cannot alter. Yet sense experience speaks an easily perceptible language. There is no use arguing about experiments. The reality of experimentally established facts cannot be contested.

But in the field of praxeological knowledge neither success nor failure speaks a distinct language audible to everybody. The experience derived exclusively from complex phenomena does not bar escape into interpretations based on wishful thinking. The naïve man's propensity to ascribe omnipotence to his thoughts, however confused and contradictory, is never manifestly and unambiguously falsified by experience. The economist can never refute the economic cranks and quacks in the way in which the doctor refutes the medicine man and the charlatan. History speaks only to those people who know how to interpret it on the ground of correct theories.'

- Ludwig von Mises, The Peculiar and Unique Position of Economics, June 21, 2012


'Findings in space plasma that have renewed attention to plasma’s electrical properties, a matter which itself has been neglected for a century, may provide an explanation that has been sitting in plain sight all along.'

- Talbott, Rime of the Ancient Water Bridge, June 24, 2012


Context

Affectivity, Action, Electricity - '..in order to preserve society itself..'

'..to properly diagnose the causes of the bust.'