tag:blogger.com,1999:blog-3758330678390419129.post2739820052479074671..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Stefan Molyneux InterviewRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger91125tag:blogger.com,1999:blog-3758330678390419129.post-50659657948809492532013-12-23T18:18:29.073-05:002013-12-23T18:18:29.073-05:00"No you?", Anon1? If you're committe..."No you?", Anon1? If you're committed to philosophy (as your comment seems to indicated), then you might wish to consider whether you've committed a logical fallacy here. I think that you have (possibly "tu quoque" or "poisoning the well", not that I'm an expert). You might also learn something interesting if you ask yourself why you're having such anAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72438508558896394882013-12-17T08:45:24.795-05:002013-12-17T08:45:24.795-05:00Japanese central bank doubles money supply
http://...Japanese central bank doubles money supply<br />http://www.theguardian.com/business/2013/apr/04/japan-bank-money-supply-inflation-deflationMichael P. Shipleyhttps://www.blogger.com/profile/16644852477692001230noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82398899435997839182013-12-17T08:44:39.050-05:002013-12-17T08:44:39.050-05:00"During his podcast and during the interview,..."During his podcast and during the interview, he states that what could occur in the United States is the same as what occurred in Japan, where more money is printed and we could end up with "QE99", but nothing of the sort is going on in Japan."<br /><br />Japanese central bank doubles money supply<br />http://www.theguardian.com/business/2013/apr/04/Michael P. Shipleyhttps://www.blogger.com/profile/16644852477692001230noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65518491803193468012013-10-18T21:14:22.306-04:002013-10-18T21:14:22.306-04:00no one is under any obligation to listen to this d...no one is under any obligation to listen to this dude. that it clear. but ppl do. bc it helps them. all this politics stuff, who cares? most ppl dont care, as well as they shouldnt. what is UPhuh? who cares? what they do care about is "why did i get so mad when my dad yelled at me, i just blanked and started yelling back and i dont know what i said". thats what ppl want to know, and twatjuice3000https://www.blogger.com/profile/00486403254781365962noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4109711344221775292013-04-30T16:08:23.735-04:002013-04-30T16:08:23.735-04:00When I said those people railing against Stefan fo...When I said those people railing against Stefan for his "defoo" stuff are probably guilty of child abuse themselves, well, you tell me why they would take something like that and blow it way out of proportion? What are their real motivations? Is it because they are hardcore statists and hate Stefan for tirelessly waking people up all over the world to the immorality of the state and to Stevehttps://www.blogger.com/profile/02390202041683658743noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84557929849549452032013-04-30T01:39:33.077-04:002013-04-30T01:39:33.077-04:00I've been speaking English for a few decades n...I've been speaking English for a few decades now, and I've noticed that when people talk about what a group of people is "probably" guilty of, it's an idiom that means that the speaker doesn't have a shred of real evidence they could mention that would support such a huge claim about an entire group.<br /><br />Speaking of what Stefan considers central, <a href="http://Mr. Chttps://www.blogger.com/profile/00467771245906558199noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-19939722241625610542013-04-30T01:01:41.521-04:002013-04-30T01:01:41.521-04:00That's really strange. It seems Molyneux disag...That's really strange. It seems <a href="http://freedomain.blogspot.com/2005/04/are-people-just-stupid.html" rel="nofollow">Molyneux disagrees in a particularly interesting blog post by him</a>.<br /><br />He starts talking about psychology by mentioning that the Jews screwed it up and apparently would think that a compliant Nazi was alright:<br /><br /><b>"The answer is, in my view, Mr. Chttps://www.blogger.com/profile/00467771245906558199noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36585265289463540112013-04-29T15:36:13.552-04:002013-04-29T15:36:13.552-04:00Yes but "defooing" is certainly not the ...Yes but "defooing" is certainly not the central theme to what Stefan discusses. I've heard hundreds of hours of Stefan and hadn't even heard of defoo until I saw comments from all the anti-Stefan weirdos probably guilty of abusing their own children so are now attacking Stefan.Stevehttps://www.blogger.com/profile/02390202041683658743noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81802423062909285052013-04-06T19:33:35.142-04:002013-04-06T19:33:35.142-04:00Speaking of Stefan Molyneux and defooing, there...Speaking of Stefan Molyneux and defooing, <a href="https://youtube.com/watch?v=-TPwjUmS7Vw" rel="nofollow">there's a video that gives an introduction to what he says</a>.Mr. Chttps://www.blogger.com/profile/00467771245906558199noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7168862501471585352012-11-26T12:31:40.387-05:002012-11-26T12:31:40.387-05:00Wenzel is by far one of the worst interviewers I h...Wenzel is by far one of the worst interviewers I have ever heard. He is rude, condescending, and constantly belittling his guests over trivial matters.<br /><br />Robert, grow the f*** up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82912710502591839502012-11-18T12:36:10.978-05:002012-11-18T12:36:10.978-05:00I am glad you have such an insightful and knowledg...I am glad you have such an insightful and knowledgeable six year old. She is hereby invited to be a guest on my show so that she can enlighten us all. Please set up the details with Robert Wenzel Show executive producer Chris Rossini.Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11516938409625414992012-11-18T10:42:19.124-05:002012-11-18T10:42:19.124-05:00So, Saturday we're listening to Freedomain Rad...So, Saturday we're listening to Freedomain Radio podcasts on the way to the zoo, my daughter who is six enjoys listening she asks for us to air play (select) FDR casts to her room at bedtime. We've learned first hand that kids, because they are so incredibly free intellectually pristine, just get things that some/many adults can't "see" without a mental hull scraping. This Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60436310507512749522012-09-27T10:48:53.288-04:002012-09-27T10:48:53.288-04:00Huge fan of EPJ and include in my daily readings i...Huge fan of EPJ and include in my daily readings including also lewrockwell.com, etc. and had never heard of Molyneux. <br /><br />My take it also that Wenzel was nitpicking on items that were quite frankly boring. It's fine to argue, but it would have been sufficient to point out the Misesean definition correctly and they asked to move on. I would have like to hear more about his Samhttp://freemarketfan.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47145151303105798792012-09-19T17:22:49.273-04:002012-09-19T17:22:49.273-04:00Finally got around to listening to this podcast......Finally got around to listening to this podcast... I agree that it was very hard to listen to. Wenzel appeared to just be trying to argue precise (and in some cases obscure) definitions, while at the same time missing the greater point Stefan was attempting to make.<br /><br />For example, Molyneux made the point that by the government driving more money into the stock market (through inflation, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22431415242722929082012-08-02T22:53:31.729-04:002012-08-02T22:53:31.729-04:00"Your defooing is not complete, please return..."Your defooing is not complete, please return to the Molyneux defooing podcast room."<br /><br />Where is your argument? <br /><br />This is not different than saying to a woman who was abused by her husband:<br /><br />"Your divorce is not complete, please return to the divorcing podcast room"<br /><br />Stef is not the first one or the only one to talking about defooing. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65389137282453621732012-08-02T11:09:47.332-04:002012-08-02T11:09:47.332-04:00Well, this is easy. You pretty much misunderstood ...Well, this is easy. You pretty much misunderstood the entire interview, start to finish.<br /><br />Your defooing is not complete, please return to the Molyneux defooing podcast room.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66005589534861903052012-08-02T10:27:15.226-04:002012-08-02T10:27:15.226-04:00Robert was obviously trying to put Stefan's vi...Robert was obviously trying to put Stefan's views in as bad a light as possible (e.g. being anti-family, being anti-stock market). It's sad that one of the more enjoyable economic writers was desperately trying to make his capable guest look stupid, throwing in the regression theorem out of nowhere for God's sakes. It must have been disappointing for Robert to hear Stefan arrive at Paulnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-33661756018712221232012-08-01T18:48:22.249-04:002012-08-01T18:48:22.249-04:00Stefan: "as a philosopher I try to work from ...Stefan: "as a philosopher I try to work from first principles..so respect for property rights is foundational, the nonagression principle...and these of course have an effect on economics...that goes in line with the Austrian school which views violations of property rights fairly bad." <br /><br />Brilliant interpretation: "Among the erroneous points Molyneux made, which I did notAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51626483116373722322012-08-01T11:50:41.949-04:002012-08-01T11:50:41.949-04:00A certificate of deposit is a CREDIT instrument, v...A certificate of deposit is a CREDIT instrument, viz., it is the vehicle by which savers can relinquish control over a specific quantity of present goods in exchange for a larger quantity of future goods, the difference being interest, and due to time-preference.<br /><br />Here's Rothbard, in Man, Economy, and State, explaining why interest is a return to time, not capital:<br /><br />"Anonymoushttps://www.blogger.com/profile/05258216269099947460noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11506279783060596642012-07-31T20:36:20.182-04:002012-07-31T20:36:20.182-04:00On top of what Jeffrey said, which I agree complet...On top of what Jeffrey said, which I agree completely with, you are also missing the importance of the differences expressed over Japan. <br /><br />"Japan debt seems to climb steeply while the monetary base dropped sharply and then remains steady. Robert fails to recognize this fact. When debt is increasing, the government is spending it. That is the malinvestment which must be eventually Dannoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5037996540887363212012-07-31T18:29:26.670-04:002012-07-31T18:29:26.670-04:00Do you have a certificate of deposit? What is the ...Do you have a certificate of deposit? What is the return on that? Or are you going to play some word game and claim you receive no return on your CD? <br /><br />If you are not happy with the sense that Wenzel, Rothbard, Say and the Mises Review use the phrase "return on capital" to mean the interest rate.<br /><br />Here's Salerno, Turgot and Wicksell using the phrase to mean Banaceknoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23788992569482653722012-07-31T17:48:11.301-04:002012-07-31T17:48:11.301-04:00The phrase "return on capital" when talk...The phrase "return on capital" when talking about interest is bizarre if you adhere to the Austrian view of the theory of interest. Interest is not a return to capital. Interest is a return to the sacrifice of present want-satisfaction over future want-satisfaction. The phrase "return on capital" implies that interest is a specific return to capital . . . this is simply NOT Anonymoushttps://www.blogger.com/profile/05258216269099947460noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79606641208654400372012-07-31T17:41:04.764-04:002012-07-31T17:41:04.764-04:00Molyneaux said near the beginning of the interview...Molyneaux said near the beginning of the interview that his economic influences were Mises and the Austrians. And, contrary to your assertion, the issue of profit/interest is an issue of substance and one that is very important. It facilitates understanding of the source, or cause, of interest (time-preference) as distint from that of the source, or cause, of profits (foresight and seizing of Anonymoushttps://www.blogger.com/profile/05258216269099947460noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71731250033747080932012-07-31T17:37:15.730-04:002012-07-31T17:37:15.730-04:00JL your argument is completely bizarre. You contin...JL your argument is completely bizarre. You continue to quote sources that aren't even using the phrase "return on capital".<br /><br />You continue to force the issue that I (and Wenzel) are talking about some type of productivity return on capital, when we have said no such thing.<br /><br />Finally, the only one who has actually quoted others using the term "return on Banaceknoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10681733395301622352012-07-31T17:24:52.452-04:002012-07-31T17:24:52.452-04:00The naive productivity theory, to which the articl...The naive productivity theory, to which the article devotes considerable space, is the theory that equivocates the interest rate with "return on capital." Also, yes, the Knightian interest rate is the "return on capital," but this is not the Austrian view. The Austrian and Knightian views differ with regard to the cause of interest. Knightians view interest as derived from theAnonymoushttps://www.blogger.com/profile/05258216269099947460noreply@blogger.com