The VCM was argued by the Vienna Circle
objective was to proove that scientific knowledge was true
and valuable. They would argue against the
people who said "there is as much truth in a poem as
in a formula" by stating, no the poem does not
adhere to VCM however the formula does. Therefore we can make no statement about the truth value of the poem
and must leave commentary about it to our aesthetics,
however the formula
does satisfy VCM and therefore
and has value
As wyv points out VCM is not VCM verifiable.
I think the logical problem is of the same class
as Russells Paradox but don't hold me to that.
It is intersting to note that Kurt Goedel was
a member of the Vienna Circle. His most
famous work delt with verifiability of propositions
within logical systems.