-
[quote user="MacFall"] I would solve that semantical problem by calling socialists who would use force to prevent free exchange "statists", whether they think they are anarchists or not. [/quote] And "free exchange" should here be defined as doing whatever you want with you legitimate property (legitimate according to ancap
-
Isn't the real problem that most "voluntaist socialist" don't actually believe in absolute property rights? The mutualists I've talked to still think that the workers have a right to the entrepreneur's profit, but that they of course are free to "hand it over" in order to live capitalistically. That means a worker
-
[quote user="Donny with an A"] If a drop of one person's blood contained the key for curing HIV, then I would feel perfectly justified in taking the drop of blood, even if they didn't want me to. [/quote] So you're saying that, if you have a need for something from someone, you have the right to rule over that which you need, even
-
[quote user="Fred Furash"] However, the more fundamental issue at hand is that consumption does not lead to inflation in a free-market. This is because any rise in conumption is met by a rise in supply. Draw a supply/demand diagram. Then draw expanding demand. Then realise that at higher price levels, businesses will find it more profitable
-
Right, so I think I have pretty decent knowledge about the Austrin theories out there, and i can pretty much explain all of it. However, when it comes to refuting other ideas, I have trouble. I know what the Austrian theory about it, but I can't really express why the other side is wrong; as in what their mistakes when making their theories are
-
I'm in no shape or form an expert, and please excuse the english... But here my explanation goes: Okay, so assume we have an economy where there are two people: mister Smith and mister Anderson. Say that mister Smith has $200 which he is willing to lend at an interest. Mister Anderson borrows $100 from mister Smith at a 10% interest. Smith now has
-
Thanks for all the answers, makes quite a lot more sense now. :) I'm a tad interested; how would other schools of thought usually answer these questions? Are there any "viable" or "somewhat decent" theories, other than the Austrian one? And what do they really fail in, what do they usually "miss" in their analyses?
-
Ah, right. Thanks for the answers. So this basically presupposes that savers will lend money out, instead of just keeping it in the bank vaults where it does nothing? About the entrepreneurs... They start to switch investments from consumer goods to capital goods because they look at the interest rate and think people are saving more. But do the entrepreneurs
-
Hi there. I've been listening to a lot of lectures from here, aswell as reading every daily article for about a month, but I really don't feel quite ready to head into big debates just yet. I understand almost everything that's being proposed, and so I'd really need to clear a few things up! First of all: How is it that saving becomes