Economics Questions

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 15:41:57 GMT

Yes I have read Murphy's book and I often read it over, or part's of it.

Economics in one lesson
Power and Market
Lessons for the young economist
Americas Great Depression
End the Fed

And more that I forget right now

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 15:37:59 GMT

A public Good is something that mabye the private sector could provide, but is done better by the govt I am not saying it's done cheaper, but it's done safer and a public institution is semi accountable to the public a coropration is not.

The free market is responsible for most improvement in living standards, that is very true but it doesn't mean that you should not have a public sector.

Re: Great Depression

Aristippus — Fri, 05 Oct 2012 05:56:34 GMT

You say that you used to believe the Austrians were correct. So tell us, which Austrian works have you actually read, if any? Have you really read Murphy's book or were you lying?

Re: Great Depression

Kelvin Silva — Fri, 05 Oct 2012 05:48:19 GMT

No. Youre being driven back in the mindset of the general populace.

1. Government education is not free. It is taxed. The free market can provide education at a lower cost with higher quality, just like it does with all other goods provided (computers, food, etc, etc).

2. Sewage can still be provided by private companies. Why wouldnt they? I admit, i dont know much about sewage in london, but there is no logical conclusion to support the government needing to provide such a service.

~~For any other public goods, see here: http://mises.org/journals/scholar/Sechrest7.pdf.~~

What constitutes a public good? Something that all people use? Food is something we all need, is it ok to put food production into the governments hands? (Look at ussr).

What about shaving cream? Should government provide this too? Whata bout shoes, clothes? How about govenrment condoms(lol thereare actually those)?

You see, the public goods argument in favor of government intervention in the economy is high flawed. There is no such thing as public goods.

Why would you use the bureaucratic wasteful, taxing, authoritarian rule of the government to provide a service, when it can be far better provided by the free market?

Look at the amazing things the free market has done: computer technology, food, housing, etc, etc. Capitalism is the only system to have massively improved standard of livng all accross the board. There are pockets in the world that suffer from mass starvation, yes, but it is soon that they will get help from charitable donations, and improvements to their standard of living as well (trade, agriculture, etc, etc); the mass cause of the few pockets of starvation can only be seen as caused by war, and exploitation, and who the fuck wages wars? Their governments.

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 04:35:41 GMT

Yes we could live in a world like that, but the problem the world be worse for the majority of people.

Many people who are wealthy or people who are in the middle class are there because of free govt education.

The reason that the sewage system in London had to be created in London England is because no company would undertake the project and many many people were dying.

There are many more examples. I use to say that same thing to people then I woke up to reality.

Re: Great Depression

Kelvin Silva — Fri, 05 Oct 2012 04:30:13 GMT

Sure, if you want to do things collectively.

Go outside, get a few friends into a group (the collective) and start building your railroad right there and then.

Just do not force others to embark upon your project.

(That sounds highly privatized, after all, a business is made out of multiple people).A

Andrew, you ought to read "Beyond Democracy" or some of Rothbard's works ("Anatomy of the State". "For a New Liberty").

Re: Great Depression

Wheylous — Fri, 05 Oct 2012 04:28:52 GMT

And why not?

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 04:25:37 GMT

Mabye we need things done collectively that the private sector doesn't want to do

People wan't things Such as schools or national parks things that promote the general welfare of all people. The private sector doesn't wan't school for everyone or clean water for everyone.

Re: Great Depression

Wheylous — Fri, 05 Oct 2012 04:20:18 GMT

If we need said things why isn't the private sector building them?

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 04:12:41 GMT

you are correct but if the govt could hire people and give them a wage as soldiers and pay for their living than it could higher them to build constructive things that we need

Re: Great Depression

Wheylous — Fri, 05 Oct 2012 04:09:00 GMT

while many millions of men were drafted during WW2 that doesnt account for the excellent economic growth of GDP and low unemploymnet for people who weren't drafted.

First of all, a source for the unemployment numbers. But second of all, I hope that it's obvious that when you take a gigantic chunk of people out of the workforce the remaining people will find an easier time getting a job.

Furthermore, GDP growth doesn't mean anything. It's about what is part of the GDP that matters. The government can coin a platinum coin worth $1 trillion tomorrow and claim it's GDP growth. It doesn't matter.

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 04:05:30 GMT

If Krugman said manufacturing jobs lost more than construction and murphy said Manufacturing percentage decline was smaller, he did not refute anything krugman said. Secondly this should not become a dicussion of political theory just like the dicussion of global warming. secondly many prosperous infact most prosperous countries are highly regulated. Also Krugman is not the only Keynesian economist as there are many conservative keynesians.

Re: Great Depression

h.k. — Fri, 05 Oct 2012 03:58:24 GMT

Sorry but Krugman embarassed himself when debating Murphy in 2011.

First he said Manufacturing lost more jobs than Construction after the 08 recession, then Murphy had to point out that Manufacturing percentage decline was smaller. Krugman can barely understand what Austrians think. Murphy also pointed to the loss of jobs in states with the most construction.

Keynesian economics is done because anything the govenrment does is inefficient, sorry but the most prosperous countries have the least regulations. Also in the long run the United States is broke.

Re: Great Depression

gotlucky — Fri, 05 Oct 2012 03:54:21 GMT

Lmao, got enough answers? It's like a whole page!

Re: Great Depression

andrewfelekos — Fri, 05 Oct 2012 03:37:29 GMT

Excuse me I Dear Rodolphe Topffer , and thanks said person for article