Sunday, March 11, 2012

Economic Debate



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Study japan with a 200% + GDP how do they do it. Why haven't there interest rates blown up as predicted by the Austrian school.Why haven't they entered hyperinflation as predicted. Why is there debt still being bought up ( let me guess gun point right). The answer lies in understanding soft currencies


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IN the US 15 million people joined the unemployed in a matter of a year. You are saying that these people all of a sudden lost their ability to produce and have therefore lost their "capital". That,s even more idiotic then most Austrian theories. There out of work because a loss of demand not their ability to work. Just insane
It also redefines capital. Capital and labor are two different things. Labor must Labor because they have no capital


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This is not how a modern banking system works. Banks create money by creating claims on base money(deposits). Only the Government (fed) can issue base money. Since bank deposits are several magnitudes higher than reserves, banks increase M3 money supply . However settlement is always reconciled in reserves.Increase in reserves lag increases in deposits( claims on reserves). This proves that deposit expansion occurs, then the FED in reaction increase reserves.


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So you're saying if I produce 10,000 cars and do not use them. I'm more well off than the cave man who left the raw materiel in the ground. By this definition cave men were wealthier than us as they "saved' all those raw materials. wealth is the production and use of tangible goods.My standard of living does not increase if I produce tangible products and do not use them they could just as well never be taken out of the ground.
Libertarian lady : " We're for eliminating just about every regulation since 1916"
Tarpley : " What about Child labor laws"
Libertarian Lady : " Im talking about Financial regulations".
This lady is a lying sophist, she claims she's against ALL regulations, & then when caught about it, she lies through her teeth & says im talking about financial regulations. Austrians/ Libertarians are against Child labor laws, its a fact. These people are nothing but obfusctors of facts.


-A Person

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Carla Howell says around 32:30ish " there's never real deregulation, they just keep adding to more regulation"

This is the key to Austrian economics, if empirical reality is different than your idealog then you ignore and imagine reality to fit your perspective. It's really more cult than a serious body of study.


danceparty80 1 week ago

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As has been said, great moderation. I'm amazed people buy into this "libertarian" mumbo jumbo of mixing liberty with social catastrophe...
Webster, the intellectual giant as usual. I hope he'll be on more often.






  • Tarpley just sunk Howell's battleship. Well played.







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    It's hard to debate someone (schiff) who can't understand a that a non convertible currency issuing nation can't run out of money. And that financial savings come from borrowing not the other way around. One person's financial savings is another person's financial liability. When Schiff can't get these elementary concepts it does little good to debate him. He guaranteed hyperinflation in a year of QE1 = no credibility



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