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Austrian Economics
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TooFineAPoint Offline
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Post: #51
RE: Austrian Economics
(04-21-2017 12:20 PM)Zelcorpion Wrote:  
(04-21-2017 12:01 PM)TooFineAPoint Wrote:  
(04-21-2017 07:29 AM)Zelcorpion Wrote:  world economy under globalists will never become Austrian-style and neither will they get my proposed system.

Here is a statement we can all agree on.

Also I have no beef with non-billionaire non-globalist Libertarians.

In a free system we come together, drink some scotch, bang some girls, then make out a simple experiment:

Take certain regions giving each our proposed system and test it out in full - one region of the UK gets borders, tariffs and my interest free money with demurrage and another region of the UK gets an Austrian economics system under the same conditions.

Within a very short time we would see one or the other doing much better under all criteria.

Then we both meet again, drink some scotch, bang some girls and shake hands and agree that the winning system is now to be implemented in advancing stages across the board.

Discussion ended, more scotch and more girls ordered for consumption.

I love it! That would be a brighter tomorrow, my brother.

But serious question, you mentioned non-billionaire. I'm hazy on that; you think that there is a sort of dividing line in wealth that marks a cross-over into evil?

Sort of like "absolute power corrupts", or for some other reason?
04-23-2017 04:51 PM
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Zelcorpion Offline
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Post: #52
RE: Austrian Economics
(04-23-2017 04:51 PM)TooFineAPoint Wrote:  I love it! That would be a brighter tomorrow, my brother.

But serious question, you mentioned non-billionaire. I'm hazy on that; you think that there is a sort of dividing line in wealth that marks a cross-over into evil?

Sort of like "absolute power corrupts", or for some other reason?

Nah - you can be a billionaire and a good guy or an asshole and a billionaire.

What I meant is that at least as a Libertarian billionaire you are going to profit from a Dickensian Austrian system, the wide majority at the bottom will never get a payoff even if they collect a lot of silver coins.
04-24-2017 01:07 AM
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puckerman Offline
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Post: #53
RE: Austrian Economics
(04-08-2017 02:58 AM)PhDre Wrote:  Austrian economics - just like every other mainstream economic theory - conveniently ignores the elephant in the room: the fact that banks create money out of nothing, but that this money (+interest) has to be paid back to them through labor and natural resources.

What books about Austrian economics have you read? They discuss this elephant in the room all the time.
04-26-2017 11:59 PM
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Post: #54
RE: Austrian Economics
(04-08-2017 03:07 AM)Zelcorpion Wrote:  Also the proponents often forget that Libertarian economic models have been in place throughout human history (as close as they can be implemented at all) - all of those instances were brutal colossal disasters. That is why you will never get a successful libertarian economy just as you will never get a successful communist economy. Because with those systems you have to take the success and prosperity out of it.

Can you name one please?
04-27-2017 12:02 AM
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puckerman Offline
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Post: #55
RE: Austrian Economics
(04-11-2017 10:18 AM)Zelcorpion Wrote:  Austrian economics is almost identical to the economic policy advanced by Rockefeller's mistress Ayn Rand. Whether Mises opposed Rockefeller on some elements is irrelevant.

What proof do you have that Ayn Rand was his mistress? Which Rockefeller are you talking about?

Quote:Austrian economics is a dead-end solution funded by the trillionaires - a true "liberal" solution can simply never come, and the capital-usury-driven one is simply too concentration in their own hands.

I don't know if there are any trillionaires. Austrian economics certainly isn't funded by them either.
04-27-2017 12:13 AM
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PhDre Offline
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Post: #56
RE: Austrian Economics
(04-26-2017 11:59 PM)puckerman Wrote:  
(04-08-2017 02:58 AM)PhDre Wrote:  Austrian economics - just like every other mainstream economic theory - conveniently ignores the elephant in the room: the fact that banks create money out of nothing, but that this money (+interest) has to be paid back to them through labor and natural resources.

What books about Austrian economics have you read? They discuss this elephant in the room all the time.

Can you suggest a good text?

Not talking about credit (money created by commercial banks) but about the monetary base.
04-27-2017 12:33 PM
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puckerman Offline
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Post: #57
RE: Austrian Economics
(04-27-2017 12:33 PM)PhDre Wrote:  Can you suggest a good text?

Not talking about credit (money created by commercial banks) but about the monetary base.

Lots of good stuff here:

https://mises.org/system/tdf/What%20Has%...e=document
04-29-2017 09:44 PM
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PhDre Offline
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Post: #58
RE: Austrian Economics
^^Thanks for the link, looks like a very interesting read.
04-30-2017 08:59 AM
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