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Old 01-28-15, 05:35 AM   #64
Skybird
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Join Date: Sep 2001
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Consdering Keynes' esoteric collection of assumnptions and daring claims - that by his own material can be shown to finally necessarily end in disaster, and he knew it! - as more scientific, is absurd. It is right the strength of the Austrian thinking that it does refuse this kind of distraction. and if that is no argument for you, then you still cannot work around this simple fact that I have mentioned repeatedly now: that the Austrrians have pridcted the crisis correctly and sinc elong time, whziole your scientific oh su soperiuor mainstream economy theories all more or less got surprised and poverrolled by it, and warned of it not at all, even were braindead enough to claim that it could not happen and and that the spending frenzy on credit could run for just about ever.

I stay with empiriy here. And empoiry shows that the reason of argument in the Austrian concept is more, MUCH more in line with the way in which economic history and the destruction of our money went on. And to not reject empiry but to deal with it is basic part of good scientific methodology.

They Keynesian, "scinetific" model has only led to constant inflating of money, its devaluation, inbcreaisng spending madness by states and governments, and a tyrannic rule of the fractional reserve system that under Keynes was led to new dominating heights.

But go on, continue to believe in your holy grail of stimulus programs and state-regulated stimulation, and more action by the state to stimulate demand! The state knows so much better what people must demanded and must want and must buy. And once the economy has been successfully ruined, the state then knows what they must not want, and must not demand and must not buy!

The primary incentive for people to learn is pain, and I think you guys still do not feel enough pain. My only fear is that once you start to be bothered you just will do what habit dictates you: to demand as a cure more of what has caused the pain in the first.

States do not solve problems. They create them, and they create them the more the stronger the states - or their meta-organisation on supranational level - become. especially you should know that, ikalugin, more than most others here.
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