This is hilarious. I've long had Anaconda on ignore because I am tired of watching him call everyone stupid. The fact that you are 'stupid' is proof I made a good decision.
What's wrong with Austrian Economics???
- Thread starter jueco2005
- Start date
This is hilarious. I've long had Anaconda on ignore because I am tired of watching him call everyone stupid. The fact that you are 'stupid' is proof I made a good decision.
The question is what is wrong with a society that doesn't practice the principles of democracy which inherently leads towards the same principles which are outlined in the Austrian theory of economics.
austrian econ is nothing more than logic, an interpretation of cause and effect in a market economy. Ludwig von Mises, like other great thinkers/philosophers surely has flaws, but is severely misunderstood by the masses. Those who understand him either fear his market principles because it threatens their wealth and control over those less intelligent, or embrace his logic, again, the same logic found in all works of philosophy which expose the truth.
austrian econ is nothing more than logic, an interpretation of cause and effect in a market economy. Ludwig von Mises, like other great thinkers/philosophers surely has flaws, but is severely misunderstood by the masses. Those who understand him either fear his market principles because it threatens their wealth and control over those less intelligent, or embrace his logic, again, the same logic found in all works of philosophy which expose the truth.
There you go! So few people seem to understand that "voting" with your money means that the top 1% who control a disproportionate amount of the money will have their way. The top 5% probably control over 50+% of the wealth, that's it! They "vote" for what's best for them.
And if you use money to vote, well it can be in all forms. Lobbyists, corruption, campaign ads, they are all examples of how people use their money as votes.
Relativism is dangerous....be careful.
Lobbies, corruption and campaign ads couldn't exist without a government, and hence, in an anarchist system.
Not saying Austrians are anarchists, but do you realize the obvious contradiction in what you're saying??
As a matter of fact all kind of corruption get worse the more powerful is the government, and the corrupts spend more time and more money to get their hands on the resources stolen from the people by the government.
Of course they are aware of this as a possibility. They just think that the alternative responses (massive government intervention, socialism, huge debts and tax hikes etc) are worse.
Economics doesn't make normative judgements. School A may say "if you don't save the banks X will happen; if you do save the banks Y will happen". That is simply an empirical statement, it isn't political or social in any way.