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Re: Ron Paul beliefs

Rubén — Sat, 25 Oct 2008 08:09:17 GMT

Some savings can be certainly used for future consumption, but I would dare to suggest that most savings are intended for future investment

Re: Ron Paul beliefs

Damian — Sat, 25 Oct 2008 07:24:52 GMT

Isn't saving just consumption in the future?

Re: Ron Paul beliefs

Solomon — Fri, 24 Oct 2008 19:14:35 GMT

rayendra:
"If Ron Paul is promoting saving, NOT consuming, wouldn't it be contradictory with his views about free-market capitalism, which in essence (in order to function), NEEDS consumption in the first place?"

Um, I'm pretty sure that "CONSUME! CONSUME!" is the refrain of the Keynesians, not the Austrians.

Re: Ron Paul beliefs

scineram — Fri, 24 Oct 2008 14:48:03 GMT

No, what liberty student said.

Re: Ron Paul beliefs

Fephisto — Fri, 24 Oct 2008 14:22:27 GMT

banned:

rayendra:
I think it for a while, and don't have a straight answer about this. Anyone who can help me on these? A quote from an Austrian's will be greatly appreciated!

Austrians don't promote savings, they promote the individual deciding what to do with his property. If they want to save it, they should go ahead. If they want to spend or consume it, that's also fine.

What banned said.

Re: Ron Paul beliefs

liberty student — Fri, 24 Oct 2008 13:57:00 GMT

Ron Paul advocates sewing your pockets shut, no new fiat money in, all silver on lockdown.

Re: Ron Paul beliefs

banned — Fri, 24 Oct 2008 12:37:44 GMT

rayendra:
I think it for a while, and don't have a straight answer about this. Anyone who can help me on these? A quote from an Austrian's will be greatly appreciated!

Austrians don't promote savings, they promote the individual deciding what to do with his property. If they want to save it, they should go ahead. If they want to spend or consume it, that's also fine.

Re: Ron Paul beliefs

hayekianxyz — Fri, 24 Oct 2008 12:02:37 GMT

This would only make sense if Ron Paul (or more widely the Austrian school) advocated stopping all consumption for saving. As nobody has suggested that, this criticism doesn't make sense. Of course, consumption is required, all the Austrian school proposes is that the cause of economic growth is saving.

Ron Paul beliefs

rayendra — Fri, 24 Oct 2008 11:54:36 GMT

I always promote liberty around my friends, and one of them is asking:

"If Ron Paul is promoting saving, NOT consuming, wouldn't it be contradictory with his views about free-market capitalism, which in essence (in order to function), NEEDS consumption in the first place?"

I think it for a while, and don't have a straight answer about this. Anyone who can help me on these? A quote from an Austrian's will be greatly appreciated!