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Austrians do a great job of explaining economics but they don't use the same terminology as mainstream so I still get confused when reading the newspaper. "Setting a higher interest rate than other major central banks will tend to attract in funds via the nations capital account, and this will act to raise the value of its currency" -
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Hoppe has definitely said things that would make him lose credibility. I emailed him my questions about his "Economy, History, Society" lecture series and he responded that he had no time for such questions because he would not have time to do anything else if he responded to such inquiries. i guess we will just have to wait for the book.
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Libertarians are confused on 'coercive' acts not done by the state. Read Artistotle on political justice ( when in Rome, do what the Romans do), or better yet read the entire Nicomachean Ethics. In some communities, not having been circumcised right after birth is more 'coercive' because you eventually have to undergo the pain of circumcision
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So the money raised in a concert unfortunately went to a bunch of psychopaths/politicians? I don't see how Bono and Madonna are in ANY WAY responsible for any of those deaths. Are ignorant liberals morally liable for the poverty they cause by supporting the minimum wage and statist unions??? I think not. Same goes for Bono and Madonna. 100 000 deaths
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I personally think that Austrians have been weak or not as assertive enough in counteracting the claim that deregulation caused the financial depression. We always point to the FED and its money printing as the fundamental cause of the business cycle, and while that is true, the fact is that we circumvent the issue of regulation, as marginal as it may
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Assuming the statement by Martin is true, the question now becomes how many people are biologically geared towards the libertarian ideology? There could be millions of socialists out there who could biologically predisposed to accept libertarianism. Since libertarianism is marginalized in the mainstream media, only a small percentage of people have
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I've been subscribing to Austrian economics for some time now but I'm still confused about some economic commentary I see in the news. One reason for that is Austrian economics do not often use words such as Balance of Payments or foreign reserves in common academic parlance. How do central banks artificially overvalue their currency? How do
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Feudalism does not necessarily mean serfdom. You have to recognize the situation was very different 800 years ago. At a time where might often meant right it is beneficial to put in place a strong leader that can defend your property. Hierarchical social structures were advantageous back then because of primitive markets( primitive monetary systems
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Read Man, Economy and State , that will clear things up in Human Action for you
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I guess what I want is empirical evidence or the 'argument from effect'. I've read somewhere that most anti-trust suits are filed by fascist corporations/big business. It makes sense from the standpoint of 'regulatory capture'(This is Chicago, I don't know the Austrian argument though) theory but I don't have the evidence