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Baltimoron

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Everything posted by Baltimoron

  1. Everything I placed emphasis on is a strawman or is part of a strawman argument such that i can't separate it from the strawman argument. =================== I am perpetually confused as to why the forum is such that people can just post such lies and misrepresentations. These are are just personal affronts to those who spend their free time trying to positively interact with other members of the community. Wouldn't a respectful person interested in true dialogue say something like "what do you mean by x" or "I understood y to mean..." "how does q fit into this" I'm positive a person disi
  2. Its the same answer to every question (excepting the most minarchist functions of the Night Watchman* State). I'll give you a hint. :scratchchinhmm: F_ _ _ M _ _ _ _ _ If you guessed "Flea Market" you are so very close. --- * Yup, "V for Vendetta" and "Watchmen" are anti-statist graphic novels, for as you might know Alan Moore is an anarchist too. The movie Watchmen and the somewhat limited acceptance it received is what inspired me to revive this thread. I should get into that.
  3. I sense sarcasm and monetary envy (sorry if I am mistaken). Were the shareholders better or worse off for Mr. Icahn's intervention? If the MSM (mainstream media) label it as a sweetheart deal for Icahn, who as we know he gets in position for such deals because of his ownership of stock, hasn't he also earned such a deal for other shareholders? Isn't that the point, to protect the capitalists (anybody who buys stocks or otherwise saves their income) from pillage by the corporatists? What was sweetheart was that the powerful elite class, the corporatists, could not be protected from the gre
  4. Chanda Chisala is human rights activist and reporter from the African nation of Zambia who spent last year on a fellowship at Stanford studying “the impact of the internet on the future of African journalism, and the philosophy of human rights.” He thinks capitalism will save his continent and defend against human rights abuses. He yearns for freedom and writes:
  5. Hi Rshack, I'm sorry you have little economic knowledge and most of it seems to be horrendously mistaken. Your posts in this thread make clear you know nothing of Austrian economics, much less economics in general. This makes me sad. But as long as you insist you know what you are talking about and everybody else is wrong, like for example your belief you know what mercantilism or capitalism entail, I'm going to have to put you back on my ignore list. I'm disappointed but not at all surprised. I guess my lesson is blowhard know-it-alls can't really be expected to change their ways, espec
  6. Corporatism is a system of legal privilege that protects the structure of a corporation against capitalists. For example in the USA shareholders have little power over the major industries other than as someone a dividend must be paid to. The executives in the corporate hierarchy control the corporation, the capital-owners control nothing. Big corporate executive salaries and golden parachutes and incentives to cook the books and maximize wealth in the short term that funnel wealth from the rightful capital owners. This is not free-market Capitalism (see the legal, G does that). One could s
  7. <p><p><p>No, I didn't see Dr. Block in Baltimore as I live in Colorado, but I did see him in Colorado Springs (<a href="<a href="<a href="http://blog.mises.org/archives/009778.asp" rel="external nofollow">http://blog.mises.org/archives/009778.asp</a>" rel="external nofollow"><a href="http://blog.mises.org/archives/009778.asp" rel="external nofollow">http://blog.mises.org/archives/009778.asp</a></a>" rel="external nofollow"><a href="<a href="http://blog.mises.org/archives/009778.asp" rel="external nofollow">http://blog.mises.org/archives/009778.asp</a>" rel="external nofollow"><a href="http://blog.mises.org/archives/009778.asp" rel="external nofollow">http://blog.mises.org/archives/009778.asp</a></a></a>).</p></p></p>

    <p><p><p>Did you see Dr. Block's video presentation in response to the fallout from this Baltimore brewhaha? Its here: <a href="<a href="<a href="http://mises.org/media.aspx?action=author&ID=443." rel="external nofollow">http://mises.org/media.aspx?action=author&ID=443.</a>" rel="external nofollow"><a href="http://mises.org/media.aspx?action=author&ID=443." rel="external nofollow">http://mises.org/media.aspx?action=author&ID=443.</a></a>" rel="external nofollow"><a href="<a href="http://mises.org/media.aspx?action=author&ID=443." rel="external nofollow">http://mises.org/media.aspx?action=author&ID=443.</a>" rel="external nofollow"><a href="http://mises.org/media.aspx?action=author&ID=443." rel="external nofollow">http://mises.org/media.aspx?action=author&ID=443.</a></a></a> He has also written a lot at LRC on this issue: <a href="<a href="<a href="http://www.lewrockwell.com/block/block-arch.html" rel="external nofollow">http://www.lewrockwell.com/block/block-arch.html</a>" rel="external nofollow"><a href="http://www.lewrockwell.com/block/block-arch.html" rel="external nofollow">http://www.lewrockwell.com/block/block-arch.html</a></a>" rel="external nofollow"><a href="<a href="http://www.lewrockwell.com/block/block-arch.html" rel="external nofollow">http://www.lewrockwell.com/block/block-arch.html</a>" rel="external nofollow"><a href="http://www.lewrockwell.com/block/block-arch.html" rel="external nofollow">http://www.lewrockwell.com/block/block-arch.html</a></a></a></p></p></p>

    <p><p><p>Cheers, be well</p></p></p>

  8. Marx was wrong. A quickie. Mises in 1951: ========= Murray Rothbard, 1976, Praxeology: The Methodology of Austrian Economics =================== Bob Murphy, 2003, Mises's Non-Trivial Insight
  9. "All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." Arthur Schopenhauer, German philosopher (1788 - 1860) Maybe the Austrians are all wrong. But history makes clear acceptance of truth is evolutionary. People used to think the Earth was flat after all.
  10. I have two posts responding to Lucky Jim on Derrida, and a response to Clapdiddy. ========== Isn't this what we do in school? Teach kids by giving them stuff to read so they can learn. I'm not sure why you dismiss my references to scholarly articles and other sources, or my excerpts and highlights of pertinent passages. Are you against education? Do you not read? Don't you discuss new ideas with others? Is this not the point of a message board, to share ideas and opinion? What is a syllabus on indoctrination? Is this a cult reference? How many "public" cults are there that try to
  11. Robert Higgs has written extensively on the Great Depression. ==== Here is a December 2008 interview with Russ Roberts (Ph.D. in econ from University of Chicago, teaches at GMU), about: ===== Wartime Prosperity? A Reassessment of the U.S. Economy in the 1940s is a shortish article by Higgs addressing the Great Depression: ====== A longer piece is this pdf "Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Returned After the War,". Higgs has also written a book (a collection of longer essays) called "Regime Uncertainty: Why the Great Depression Las
  12. Here is one of my favorite pieces by Bob Murphy in which he responds to criticism of ABCT from Paul Krugman and Tyler Cowen. Murphy explains the importance of capital consumption to ABCT, or what happens when we don't really save but simply keep consuming and thus do not release resources into the economy to support newly undertaken allocations of productive capital resources. A Sushi Model of Capital Consumption
  13. In Human Action, Ludwig von Mises uses the example of a master builder who is building a house but he is under a misleading impression as to how many bricks he has to explain ABCT. The master builder thinks he has 20% more bricks than he actually has (Mises posits he can’t buy more bricks). So the master builder begins building a house, but he is building the wrong kind of house, as he would build a different house if he knew how many bricks he actually had. In the master builder’s microeocnomy, the pool of real savings is not large enough to support his house. The master builder is undert
  14. Think about building something complex like an airplane. You have to build all the factories to build the various parts, you have to build all the necessary equipment before you can even think about building the airplane. And you have to plane and do all kind of science to learn how to fly and then you have to educate your workforce, you need highly skilled engineers and mechanics and etc. You have to build an enormous plant that takes years to build and requires huge hangars and lots of land. The inputs themselves involve multiple stages of production. This means for example producing
  15. Here is another short and unfairly brief attempt to convey a sense of what the Austrian Business cycle theory is about. It is in no sense intended to be a complete or anywhere near the best or a scholarly explanation of ABCT. Austrian Business cycle is all about capital theory, and the importance of the interest rate to the allocation of capital. In ABCT there is a strong recognition of the role of interest rates in the economy. Its not just number, interest rates play a “coordinating” function in the economy. When the interest rate is unhampered and allowed to perform this coordinating
  16. Thanks clapdiddy, It sounds like Amity Shlaes is into Monetarist/Milton Friedman themes, which are more in keeping with modern mainstream Republican conservatism, or a brand of limited statism. I threw in some comments, thanks again for posting this. Austrians like to joke that the politicized Republican brand of conservatives just sounds likeAustrian economic theory when they are out of power, and usually then point out the contradictions between some claims and deeds, like in this 2006 piece Bush: link or September 2008 Lew Rockwell piece The broader point being that the world
  17. Although definitions vary, economics is commonly defined as a social science that studies how people choose to allocate scare resources. The essential issue is one of scarcity. Food, clean air, cars, oil, etc. There are people and a limited amount of more stuff . Generally speaking, capitalism, or private property and the freedom to use one property, is by far the best way of producing wealth, or the amount of stuff we have. While we can't be rid of scarcity, we can make more stuff (i.e. we have more food than people did 100 years ago). The enviros and consumerism haters need not freak
  18. “The harm done… was that they removed economics from reality. The task of economics, as many [successors] of the classical economists practiced it, was to deal not with events as they really happened, but only with forces that contributed in some not clearly defined manner to the emergence of what really happened. Economics did not actually aim at explaining the formation of market prices, but at the description of something that together with other factors played a certain, not clearly defined role in this process. Virtually, it did not deal with real living beings, but with a phantom “eco
  19. People often wonder about the Great Depression, and why the Austrians disagree with the typical claims that the New Deal and/or the War Ended the Great Depression. The seminal text is Murray Rothbard's America's Great Depression. Here is a free pdf of the book. --- For a shorter analysis, The Foundation For Economic Education (FEE) has put out a short price on the Great depression Great Myths of the Great Depression. Excerpt: ----- For a discussion of what happened to the US economy after the war, see The Great Depression of 1946 (pdf). The title is a tongue in check on the idea th
  20. Dr. Thomas Woods went to Harvard and the received his Ph.D in History from Columbia. He is a senior fellow at the Ludwig von Mises (pronounced Meese-is) Institute. He has recently written a book called "Meltdown." This book presents an Austrian perspective on the recent economic crisis. It also introduces the Austrian business cycle and discusses historical events (Mr. Woods' forte) from the perspective of Austrian economics, including a chapter on the great depression. Meltdown is aimed towards explaining Austrian ideas towards a lay audience with no economic training. ----- On Apr
  21. Further reading on Hermeneutics, on can see Dr. David Gordon's Hermeneutics vs. Austrian Economics. David Gordon hold a Ph.D. in intellectual history from UCLA. I like David Gordon, but he is no Murray Rothbard. This piece is more about Heidegger and Gadamer than the more flamboyant views of Derrida, but you can see the base of the objection and where the argument might go. An excerpt: ==== Dr. Gordon often reviews books. Here is David Gordon's review of philosopher Stephen Hicks's "Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault." An excerpt:
  22. On Jacques Derrida. Hermeneutics is not too favored, especially post-mordernism/post-structuralism like Derrida and Foucault whose stuff was based a lot on Heidegger. Hermeneutics is really just text interpretation (biblical) that sorta got out of hand from there. What lets them look smart is their skill in playing with words and shifting the meanings, appearing to cicumvent the rules of logic. They'll insist that you already applied (unproven) value judgements in your argument and that is why it must be flawed. Invariably post-structuralists succeed in their aim, which is to get you i
  23. Tango & MGL - http://www.insidethebook.com/ee/
  24. Its sorta after the fact but on March 10 the magazine Economist had a debate on Keynesian Stimulus, or the spending package on infrastructure and such designed to jump start the economy. The debate asks the question are we all "Keynesian now." Without getting into the question of whether Keynesianism is broader than merely fiscal stimulus (it is unquestionably IMO), it is interesting that it appears their is strong dislike for the stimulus package amongst professional economists. Economist article ---- The Issue --- For stimulus: Prof. Brad DeLong, Prof. of Economics, University of Ca
  25. Newsweek has a piece on Paul Krugman. The NYT columnist is as you might suspect not an Austrian economist. The Newsweek piece in fact calls him a European Social Democrat. He too is not a big fan of bailing out the banking industry. An excerpt: Newsweek I don't often agree with Krugman, so its perhaps its quite a sign as to where most economists, even those with divergent economic beliefs, fall together on this.
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