tag:blogger.com,1999:blog-3758330678390419129.post1615171843890056928..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Ghost of Murray Rothbard Drives Estabishment Economists CrazyRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-3758330678390419129.post-23527948092216038062011-07-30T19:42:01.968-04:002011-07-30T19:42:01.968-04:00http://www.youtube.com/watch?v=7Gzyeo1Z1I4&fea...http://www.youtube.com/watch?v=7Gzyeo1Z1I4&feature=player_embedded<br /><br />the man that supports islam is the man you want to be our president… you should know what we are in store for.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30865747421513137662011-07-30T10:48:16.060-04:002011-07-30T10:48:16.060-04:00Our author says that 100% reserves makes absolutel...Our author says that 100% reserves makes absolutely no sense to him. This means that counterfeiting makes sense to him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20343740434646767992011-07-30T05:28:32.458-04:002011-07-30T05:28:32.458-04:00The first responder at 8:53 did in fact get owned!...The first responder at 8:53 did in fact get owned!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54725720235675161652011-07-29T19:16:54.687-04:002011-07-29T19:16:54.687-04:00Ooooohhhhh, the anon@853AM got PWNED!
Great comme...Ooooohhhhh, the anon@853AM got PWNED!<br /><br />Great comments from all involved on this post, succinctly and eloquently pointing out the Anons dumbassery!!! Kudos to all of you.Richard Dale Fitzgeraldhttps://www.blogger.com/profile/05223505358122633852noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72623303318583562242011-07-29T18:26:57.942-04:002011-07-29T18:26:57.942-04:00@Jaffi Joe,
Imagine that!@Jaffi Joe,<br /><br /> Imagine that!Larrynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71615201404367532752011-07-29T18:01:05.336-04:002011-07-29T18:01:05.336-04:00Debasing the currency is morally wrong. It's ...Debasing the currency is morally wrong. It's a form of theft, and I don't care how many snot-nosed intellectuals try to rationalize it. I think we should reinstate criminal penalties for currency debasement.Deftnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47051665672523973392011-07-29T17:49:25.217-04:002011-07-29T17:49:25.217-04:00I recently read Irving Fisher's 100% Money and...I recently read Irving Fisher's 100% Money and the Public Debt, where he basically says the fractional reserve nature of our banking system is responsible for the business cycle. He may have ripped off Mises, but he still said it. I believe he still advocated state-controlled money though.Deftnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-41568061243218604542011-07-29T17:30:45.499-04:002011-07-29T17:30:45.499-04:00"But you gotta live with what you got"
..."But you gotta live with what you got"<br /><br />I bet slaveowners in 1850 Georgia told "their" slaves this as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38266847534092555082011-07-29T16:59:21.345-04:002011-07-29T16:59:21.345-04:00I started my interest in economics by reading Smit...I started my interest in economics by reading Smith, Bastiat, Say, Ricardo, Mill, etc. I got through the classics and then started reading Fisher, Keynes, Samuelson, Friedman, etc. All of this time I had never even heard of Austrian economics until about 4 years ago (Ron Paul mentioned it), so I began reading Mises, Menger, Hayek, you know, the regulars. But, it was not until I started readingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43788023919281542172011-07-29T16:54:14.048-04:002011-07-29T16:54:14.048-04:00It is important to note what was posted early on i...It is important to note what was posted early on in the comments section. The Austrians predicted the exact mess we are in, complete with housing collapse and gold exploding, while the other schools did not. <br /><br />Why did I send every Austrian predicting this, while the Chicago school was left scratching their heads? I won't even get into how wrong the Keynesians are.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27289611349150217872011-07-29T15:33:18.229-04:002011-07-29T15:33:18.229-04:00Let's not forget that Milton Friedman also adv...Let's not forget that Milton Friedman also advocated the so-called negative income tax, or guaranteed income, which, if successfully passed by the Nixon administration, would have been the most disastrous socialist program in our history. Although Friedman did eloquently argue in favor of many free-market ideas, when it counted, he always worked towards greater statism -- feigning great Nathannoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57829689497984181162011-07-29T14:05:16.464-04:002011-07-29T14:05:16.464-04:00Hey Anonymous 0853:
1. Why don't you list sev...Hey Anonymous 0853:<br />1. Why don't you list several of the establishment economists who called the crash of '07-'08 in advance, in writing. Don't bother, it's a short list<br />2. A "plausible" paper that "seems" to demonstrate. I am underwhelmed.<br />3a. Government vouchers will come with intense government regulation, making voucher-funded Marknoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24169280754267062822011-07-29T14:02:14.003-04:002011-07-29T14:02:14.003-04:00Anyone who believes that making The State more eff...Anyone who believes that making The State more efficient is an admirable goal is no friend of liberty. It just means that the trains to the concentration camps run on time.<br /><br />At one time I would have supported vouchers, but then I realized that it would be trading one naked State master for a cleverly concealed one. <br /><br />Monopoly in any form inevitably begats tyranny, and The Richard Dale Fitzgeraldhttps://www.blogger.com/profile/05223505358122633852noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8207282874224367592011-07-29T13:09:52.534-04:002011-07-29T13:09:52.534-04:00It is amazing to me how stupid and infantile "...It is amazing to me how stupid and infantile "scholars" will support the terrorist state...They are not unintelligent but they are incredibly stupid. The first thing they do to you in any University "Humanities" curriculum is beat the reason, logic, and manhood out of you.<br /><br />Statist twits are murdering us all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87347795765641584142011-07-29T13:07:33.643-04:002011-07-29T13:07:33.643-04:00You may be interested in my comment over at Cafe H...You may be interested in my comment over at Cafe Hayek:<br /><br />I think in some way Gary North captures a libertarian perspective on Friedman that is hard to refute:<br /><br />” Friedman … believed in free market liberty, but not where it is really important: education (vouchers based on state-confiscated money) and money itself (central banking based on a grant of state power: a monopoly).”<david nhnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-74541488050344769312011-07-29T12:35:32.832-04:002011-07-29T12:35:32.832-04:00Check out this interview of Friedman on Charlie Ro...Check out this interview of Friedman on Charlie Rose (Dec. 2005). Starting at the 1:50 mark in part 3 on YouTube he claims Allen Greenspan as the greatest Fed Chairman,Bernanke as an able man and praised the current economy. He didn't see it coming. It is because of this interview I have lost interest in him and gain interest in the Austrian view.<br /><br />http://www.youtube.com/watch?v=Melvin Megawitznoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39154256754605528422011-07-29T10:53:50.543-04:002011-07-29T10:53:50.543-04:00Austrian theory is apparently irrefutable. Accord...Austrian theory is apparently irrefutable. According to our opponents, Rothbardian influence is the only thing holding back Bernanke from doing the right thing but not a single opponent can demonstrate even the slightest familiarity with basic Austrian concepts. EVER. <br /><br />None of them gets it. EVER. Simply amazing.Bob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40212008503472759292011-07-29T10:30:41.582-04:002011-07-29T10:30:41.582-04:00Yes, let the record reflect just whom it was, (and...Yes, let the record reflect just whom it was, (and is), in Austrian circles that has been saying what is going to occur to ours, and the worlds, economy and compare it to rest of the pack. The Austrians stand head and shoulders above the rest. This is an undeniable, indisputable fact.<br /><br /> I will openly admit that I am not an economist by profession, but I can read and the Austrians, IMHO,Larrynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15354252081591114172011-07-29T10:07:56.477-04:002011-07-29T10:07:56.477-04:00Bob,
I know that Rothbard advocated 100% reserve ...Bob,<br /><br />I know that Rothbard advocated 100% reserve banking and I know that most Austrians in Mises circle consider this to be axiomatic.<br /><br />Was wondering what your thoughts were on this paper: http://www.bullionbasis.com/web_documents/duration_and_perpetual_debt.pdf<br /><br />It proposes that FRB is not a problem per se, when the fraction of reserves (demand vs. time deposits) Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26169591435958280992011-07-29T09:27:06.166-04:002011-07-29T09:27:06.166-04:00There are many people out here like me, people who...There are many people out here like me, people who are not economists and never will be, of any kind, Austrian or otherwise. I just don't have the time to self-educate myself even to the degree of becoming a "lay" Austrian economist. But I know that central economic planning of any kind does not work and never has worked, anywhere. If there is a demand out there, it will be Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5284056459462315132011-07-29T08:53:19.906-04:002011-07-29T08:53:19.906-04:00Great, a chance to comment on North!
1. Great conc...Great, a chance to comment on North!<br />1. Great concealed quantification: Establishment economists. Ever heard of methodological individualism? Exactly Keynes referring to the "classical" economists.<br />2. Moronic reading of charts. This is why Austrians get ridiculed. They see a chart and draw a conclusion without thinking. There is actually a plausible paper that seems to Anonymousnoreply@blogger.com