Economic Views in 2012

It's sad that we have so few people defending government today with a focus to make it better, rather than try to tear it down to try to bring about a cult vision of libertarian utopia.

http://www.youtube.com/watch?v=wtrBfx-fNEE&feature=plcp

http://www.youtube.com/watch?v=LpnUpCZkjBI&feature=plcp

http://www.youtube.com/watch?v=pasTF-xOll0&feature=plcp

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Exactly. The conservative states are the poorest, except for the resource-rich states, and the latter under-perform nonetheless, despite claims that conservatives understand economics better.

AntiSchiffin reply to christianecon(Show the comment) 1 month ago

http://thedailyknell.wordpress.com/2012/10/29/the-mont-pelerin-society-the-ultimate-neoliberal-trojan-horse/



Dennis permalink
The inherent contradiction with Austrians is they claim they support markets free from monopoly and presumably manipulation, yet they fail to admit that the current market is dominated by the top 300 or so Wall St/London finance firms. There is no free market when “market events” are completely manipulated by large private interests operating totally privately or by control of a section of government. The obvious truth that Austrians fail to grasp is that positive and honest government is the only weapon against these crooks (Goldman Sachs, JPM, BOA, etc…). A weaker government means an even stronger Wall Street, period. Which is the general reason why the Austrian and Chicago economic schools were created.
I’m sorry but the reality is Andrew Jackson was Aaron Burr’s protege and basically a traitor to America. He caused the worst economic situation in the country in his day and was indirectly responsible for the Civil War. Get a better hero! Hamilton, JQA, Lincoln, FDR, JFK, true patriots

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Anthony Migchels permalink
Well, I’m not too sure Adam. If you check the comments on this site, you’ll see many Austrians defending deflation. The Daily Bell also defended deflation at several occasions in my discussions with them (see ‘the daily bell tolls for another round in the debate).
It is true, of course, that Austrianists have correctly concluded that inflating the money supply creates deflationary busts. But they cite the wrong reasons ignoring interest and unsustainably rising capital costs.

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Anthony Migchels permalink
Well, yes, at the time you mention von Mises was an adviser to Otto von Habsburg, heir apperant to the lost throne of Austria Hungary.
You can check under faux economics (link on the right) how I have discussed Austrian Economics at length.
I would be most interested in anything you might have to add to that.

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deadeyeblog permalink
Hey Anthony,
This was an AWESOME article. Thanks for filling in a lot of connections. I would strongly recommend the book “Invisible Hands” by Kim Phillips Fein, which goes into quite a lot of detail on the funding, organizations and personalities involved in birthing the “conservative” movement in the USA as a counter-revolution against the New Deal.
Great, great work. I hope this will inspire some people to start wandering off the libertarian reservation. With more efforts like this, maybe one day the “truth” movement might begin to be worthy of such a name.