Re: Free-Market Austrian-School Economist Luwig Von Mises On Economic Crises
david.de...@gmail.com
wrote:
> GW Chimpzilla's Eye-Rack Neocon Utopia <g...@hotmail.com> wrote:> Yep. Mises is a piece of crap. Glad you pointed that out to us all, Crap
> > Detector. Thanks!
>
> VonMises died penniless and discredited because he didn't know what he was
> talking about. The damage done from the Reagan and Bush years are all the
> proof anyone needs that his voodoo was nothing but hot air bellowed by a
> useless academic ideologue with a small, cult following. Anyone spouting
> his crap may as well be spouting the thoughts of Chairman Mao, madman Ted
> "Unabomber" Kaczynski, David Koresh or Charles Manson.
Which begs the question: would you answer a Maoist, or a member of
Branch Davidian if they posted their nonesense to this newsgroup?
Would you answer if Charles Manson got access to a prison computer and
started preaching helter Skelter... or Kaczynski did the same with his
madman message?
I'm guessing you would not -- because they are so crazy that their
whackey worldview lies outside the bounds of political possibilities.
The same is true for the equally mad Ross John Lambourn. He actually
reminds me of an aging campus Maoist, still standing on the
streetcorner trying to peddle Mao's Little Red Book.
Lambourn is a delusional attention whore. He's Kaczynski wothout the
murders. However -- every time someone answers him he becomes
convinced that his ramblingfs are actually in the game, when the
reality is that the world ios no more likely to go back to Hayek than
back to Mao.
If EVERYONE ignores Lambourn, only then will he understand how
universally he is held in ridicule by themembers of this newwsgroup.
If peiople keep answering him, the old fool thinks his "ideas" are
still in play, which they most ertainly are NOT. Nobody is ever going
to get elected again running for election in North America on Hayek-o-
nomics. Like Mao's five year plans -- Hayek's ideas have been tried
and they have failed.
The best way to tell Lambourn that his ideas no longer have the power
to shape public policy is to show him that they do not even have the
power to provoke a response from the 540 members of this newsgroup...
in other words: ignoer to stupid old bastard.
NeoLibertarian
> GW Chimpzilla's Eye-Rack Neocon Utopia <g...@hotmail.com> wrote:
>> Yep. Mises is a piece of crap. Glad you pointed that out to us all, Crap
>> Detector. Thanks!
>>
>>
> VonMises died penniless and discredited because he didn't know what he was
> talking about. The damage done from the Reagan and Bush years are all the
> proof anyone needs that his voodoo was nothing but hot air bellowed by a
> useless academic ideologue with a small, cult following. Anyone spouting
> his crap may as well be spouting the thoughts of Chairman Mao, madman Ted
> "Unabomber" Kaczynski, David Koresh or Charles Manson.
>
rather sound.
Beyond Von Mises, there is logic to maintaining freedom, especially in
the market place--more logic than in any of the myriad alternatives.
Governments are not capable of bringing you your utopia. The sooner you
quit looking there, the better.
There ain't no secha thing as a free lunch.
--
Neolibertarian
"Government does not solve problems; it subsidizes them."
---Ronald Reagan
Vid...@tcq.net
perhaps you need a little education. the austrian school is a crank
school. mao and free market economics have a lot in common. in both
systems a few end up with all of the money and power:)
http://www.huppi.com/kangaroo/L-ausmain.htm
Myth: The Austrian School of Economics is "apart and above" mainstream
economics.
Fact: The Austrian School is a classic example of crank
science.
Summary
The Austrian School of Economics is a tiny group
of libertarians at war with mainstream economics. They reject even the
scientific method that mainstream economists use, preferring to use
instead a pre-scientific approach that shuns real-world data and is
based purely on logical assumptions. But this is the very method that
thousands of religions use when they argue their opposing beliefs, and
the fact that the world has thousands of religions proves the
fallibility of this approach. Academia has generally ignored the
Austrian School, and the only reason it continues to exist is because
it is financed by wealthy business donors on the far right. The
movement does not exist on its own scholarly merits.
Argument
To
describe and critique an entire school of economic thought in one
short essay is impossible. Therefore, we'll do it in several short
essays.
Introduction
The Scientific Method
Statistics
Methodological
Subjectivism
Methodological Individualism
Starting Assumptions
The
Market Process
Monopolies
The Gold Standard and Business Cycle
The
History of the Austrian School
The Politics of the Austrian School
.
"The game of Darwinian economics and the enshrinement of market-
miracle
theology is really the systematic looting of the pockets and purses of
the middle class"
Jerry M. Landay of Bristol
Advocates of capitalism are very apt to appeal to the sacred
principles
of liberty, which are embodied in one maxim: The fortunate must not
be
restrained in the exercise of tyranny over the unfortunate.
- Bertrand
Russell
``Capitalism sowed the seeds of its own demise because the benefits of
a decade-long boom accrued to capital, with nothing flowing to labor.
Telling workers who hadn't had a decent pay raise for years to tighten
their belts once the good times ended proved disastrous.
"The biggest political story of 2008 is getting little
coverage. It involves the collapse of assumptions that have dominated
our economic debate for three decades.
Since the Reagan years, free market cliches have passed for
sophisticated economic analysis. But in the current crisis, these
ideas are falling, one by one, as even conservatives recognize that
capitalism is ailing.
You know the talking points: Regulation is the problem and
deregulation is the solution. The distribution of income and wealth
doesn't matter. Providing incentives for the investors of capital to
"grow the pie" is the only policy that counts. Free trade produces
well-distributed economic growth, and any dissent from this orthodoxy
is "protectionism."
e.j. dionne