tag:blogger.com,1999:blog-3758330678390419129.post8317843180605511626..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Clueless 'MarketWatch' Columnist Disses Austrian EconomicsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-3758330678390419129.post-45304561524473264902013-02-03T12:33:43.072-05:002013-02-03T12:33:43.072-05:00"Hayek was deluded when he asserted that econ..."Hayek was deluded when he asserted that economic planning led to totalitarian political organisations."<br /><br />I don't understand how the notion of central planning leading to totalitarian organization can be controversial....<br /><br />Is it no wonder that no one, especially Hayek-has bothered to "argue" such an axiomatic thing?<br /><br />Loquitur pro se ipsa.Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51722839216205886752013-02-03T11:44:54.247-05:002013-02-03T11:44:54.247-05:00Mr. Pilkington politely responded to me at the Mik...Mr. Pilkington politely responded to me at the Mike Norman Magic Money Tree site. Pilkington wrote:<br /><br /><i>Two comments. One particular, one general.<br /><br />(1) All that stuff that Hayek wrote after the final failure of his attempts to cobble together a coherent economic doctrine were about the philosophy of knowledge. Like all his stuff on "freedom" and "tyranny" Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81471700425060897842013-02-02T22:11:54.935-05:002013-02-02T22:11:54.935-05:00A looking Glass World...A looking Glass World...Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73694205845682504432013-02-02T20:26:39.291-05:002013-02-02T20:26:39.291-05:00Dept. of Keeping up with the MMTers:
Last week, I...Dept. of Keeping up with the MMTers:<br /><br />Last week, I decided to listen to a podcast by a certain Phillip Pilkington of London, England on "Neoliberalism and Hayek's Delusion". <br /><br />http://fromalpha2omega.podomatic.com/<br /><br />This article gives you a sense of the "insight" of Mr. Pilkington:<br /><br /><i>In the 1920s Hayek was still within the fold of Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79465593986001852252013-02-01T15:49:29.345-05:002013-02-01T15:49:29.345-05:00"if you dont even know "why" the &q..."if you dont even know "why" the "substance" was created, what is the merit of "debating the substance"?"<br /><br />The reason why you are writing these comments is to be a nuisance.Mike Tnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64484624393991931262013-02-01T14:29:28.663-05:002013-02-01T14:29:28.663-05:00if you dont even know "why" the "su...if you dont even know "why" the "substance" was created, what is the merit of "debating the substance"? <br /><br />There are billions of people on planet making an argument, but unless you know their cultural/ethnic/historical background, you wont be able to figure out what the agenda behind the "substance" is. <br /><br />mind reading argument is Patriothttp://kevinmacdonald.net/westsurvive.htmnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3310578947162073952013-02-01T12:40:00.810-05:002013-02-01T12:40:00.810-05:00Patriot,
Are you honestly suggesting that instead...Patriot,<br /><br />Are you honestly suggesting that instead of debating the substance of one's argument, we must instead become mind readers by trying to determine their psychological motivations? Even if that were possible, it would be pointless. <br /><br />"but unless you understand how ethnic groups and people behave and what motivates them, how can you understand economics?"Mike Tnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53020610231151588802013-02-01T12:11:58.458-05:002013-02-01T12:11:58.458-05:00again, you missed the point. instead of endlessly ...again, you missed the point. instead of endlessly complaining about "what" he said and "what" his positions are, first you should ask, why he said it? <br /><br />when you read an author's article, lets say Krugman, always ask, <br /><br />who is he? <br /><br />why he said it, what were his motivations? <br /><br />before jumping on "what" and "how" patriothttp://kevinmacdonald.net/westsurvive.htmnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15241916048017288562013-02-01T11:53:46.761-05:002013-02-01T11:53:46.761-05:00Wenzel doesn't confuse anything. If you read c...Wenzel doesn't confuse anything. If you read carefully, Wenzel writes:"if increasing the standard of living were the goal."<br /><br />Wenzel doesn't imply that Austrian economists, as economists, must call for this policy.<br /><br />Please focus on what you are reading.<br /><br />Further, it is wrong to say that a laissez-faire "policy" would be ineffectual, if one The Cleanernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3129200597883570972013-02-01T11:05:45.153-05:002013-02-01T11:05:45.153-05:00Bingo.
Why accept Krugman's new words all the...Bingo.<br /><br />Why accept Krugman's new words all the time? If you hand your opponent the language weapon, you're a guaranteed loser. And people watching the debate will be confused as hell and tune you out.<br /><br />Why we ever let them screw up the word "liberal" I'll never know.Arthur Krolman, CFAnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83827090766856430172013-02-01T10:38:29.514-05:002013-02-01T10:38:29.514-05:00Patriot,
I agree economic discipline begins with ...Patriot,<br /><br />I agree economic discipline begins with the deductive study of human behavior. I disagree with your comment regarding submersion in "economic terminologies." Ideas are compromised by miscommunication and incorrect interpretation. And when one critizes another's views, it's their obligation to not mischaracterize their actual position.<br /><br />My main Mike Tnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64320960876218500352013-02-01T10:37:20.922-05:002013-02-01T10:37:20.922-05:00Wenzel confuses Austrian economics w/ a specific p...Wenzel confuses Austrian economics w/ a specific political policy recommendation. Austrians don't give "policy"-- they only suggest that "policy" is ineffectual at all levels and the market as a whole would function more efficiently without it.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7392343224957941852013-02-01T10:04:19.813-05:002013-02-01T10:04:19.813-05:00From webster- http://tinyurl.com/y9c2ndy
Definiti...From webster- http://tinyurl.com/y9c2ndy<br /><br />Definition of AUSTERITY<br />1: the quality or state of being austere<br />2a : an austere act, manner, or attitude<br /> b : an ascetic practice<br /> 3 : enforced or extreme economy <br />________<br /><br />If you cannot even agree to the terms how can two people discuss discuss anything?<br /><br />Stevenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54276526121904210122013-02-01T09:35:40.897-05:002013-02-01T09:35:40.897-05:00economics is only one component of social sciences...economics is only one component of social sciences. You have to study other social sciences too in order to understand why we are in so much trouble. <br /><br />Including group psychology. How people actually behave. Instead of constantly submerging yourself in economic terminologies. Patriothttp://kevinmacdonald.net/westsurvive.htmnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79964519444768395112013-02-01T08:29:33.399-05:002013-02-01T08:29:33.399-05:00Bob,
Why in the world are you lumping Murphy in w...Bob,<br /><br />Why in the world are you lumping Murphy in with Krugman's version of austerity? C'mon now. I recall your earlier post that linked to Murphy's epic smackdown of Krugman and DeLong but had a gripe with what you thought was his identification with "austerians." That's not the case and you know better. Even from Murphy's blog post where he first Mike Tnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40046204479043822682013-02-01T07:38:27.610-05:002013-02-01T07:38:27.610-05:00And to the list of Austrian prescriptions, add deb...And to the list of Austrian prescriptions, add debt repudiation: austerity for banksters and the lazy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57638106334541823972013-02-01T06:09:40.105-05:002013-02-01T06:09:40.105-05:00"The U.S. economy has fared somewhat better t..."The U.S. economy has fared somewhat better than Europe precisely because Obama in his first term was able to get some stimulus spending passed, while Europe remains mired in the obsolete and discredited policies of the “Austrian” school of economics .."<br /><br />Eh? European governments have been "stimulating" all over the place. Cameron's government is supposed to be Pete Moorenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14842694360715038472013-02-01T02:59:25.064-05:002013-02-01T02:59:25.064-05:00The EZ periphery were a pack of notorious economic...The EZ periphery were a pack of notorious economic basket cases before they joined the euro, cheap credit due to the convergence of interest rates to German levels just allowed them to paper over this fact.<br /><br />"Austerity" today is about politicians and bankster cronies raping their people to prop up insolvent banks and sovereigns. True austerity would be those governments Caustic Pophttp://twitter.com/CausticPopnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24952181219597251272013-01-31T21:59:11.106-05:002013-01-31T21:59:11.106-05:00It's damn near Newtonian.It's damn near Newtonian.Jason Bhttps://www.blogger.com/profile/02092590472823894180noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-89967599531228262622013-01-31T21:18:06.280-05:002013-01-31T21:18:06.280-05:00Bob Murphy was mentioned as an Austrian supporting...Bob Murphy was mentioned as an Austrian supporting austerity. Are there any others of note?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84639147503735422912013-01-31T20:41:02.550-05:002013-01-31T20:41:02.550-05:00Roddis's Law strikes again.Roddis's Law strikes again.JFFnoreply@blogger.com