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If I may... [quote]3. Why would entrepreneurs make stupid investments? It's so crazy! Even having more credit doesn't mean they need to run and make long-term investments.[/quote] ABCT posits that while credit expansion makes it easier for entrepreneurs to begin more investment projects, the quantity of physical goods (tractors, bulldozers,
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http://www.salon.com/news/opinion/feature/2010/07/09/jobs_taxes_sirota/index.html It's totally understandable that some people feel "uncomfortable" when they first hear about Mises/Hayek's feelings about empirical data. But this article is a great demonstration of how empiricism without apriorism and the logical underpinnings of praxeology
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I think this pretty much sums up the entire mainstream attitude towards those who don't support unemployment benefits -- "Why are you such a misanthropic jerk who revels in other people's suffering?" Why can't people consider, even for a brief second, that there might be some other motivation besides hate and selfishness that causes
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I actually think private roads might have rules about seatbelt and helmet use, though it would probably be more of a suggestion that they don't really enforce (I doubt they'd have private police/security guards patrolling for drivers who aren't wearing their seatbelt). Another issue that I think is interesting -- Lew Rockwell wrote an article
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[quote user="z1235"]No. It only suggests that performative contradiction may not be an air-tight way of proving it.[/quote] Fair enough. That being said, I'm not sure I find your argument convincing. If the extent of your argument is simply that you don't contradict yourself when you say "humans [other than me] do not act"
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[quote user="z1235"]Hypothetically, my denial that any human (other than myself) acts is my action, and no one else's. Hence, I can perform the action of denying that other humans act without contradicting myself. The fact the I am human does not automatically imply that every true proposition about myself (e.g. action, in this case) must
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Just for the record -- as I understand it, gold isn't necessarily a sure-thing investment right now (at least in the short term). Robert Wenzel (www.economicpolicyjournal.com) has advised that gold prices could see a downturn in the near future, depending on future market developments. I'm not trying to tell you what to do with your money, just
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I wrote in the Op-Ed section of my (public) school newspaper last year, and I was actually able to write a piece about privatizing education. Besides the people who outright dimissed it (or asked how poor people could afford it), I got similar answers to what was quoted from the article in the original post, i.e. without the "high standard"
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Criticism of apriori methodology is one of the most common critiques of the Austrian school on the internet, but I think it often (if not almost always) is espoused by those who know relatively little about Austrian economics. It's easy to find a quote from Mises declaring that empirical knowledge is irrelevant, and from that rule out the Austrian
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Bob Murphy's take in Chaos Theory is that product safety would be taken care of via contracts and insurance. If I wanted to be sure that the airline I was flying on was safe, I would make sure that when I buy a ticket, I also get a contractual pledge from the airline that if I die because of a plane crash, the airline must pay my family $y million