Re: Question for Libertarians

[Runepriest442]

So Now I am just going to insult you. You are a self righteous little prick who has had everything handed to him. You have no clue, what it is like to WORK for something when you have absolutely NOTHING. Both my parents died when I was 17 I grew up in a trailer, and I joined the military only to be honorably discharged after 4 years and end up homeless and walking 6 miles to work and living in a park. I now live in a nice 3 BR home in a yuppy neighborhood, no crying here.

[Libertarianist]

The HUGE FUCKING problem with your emotional appeals is that I agree with eliminating poverty. What you don't understand is that the economic policies of the democrats usually result in HIGHER poverty. Things like raising minimum wage result in MORE POVERTY. It's counter intuitive but true. And people like me, who actually understand economics realize this.

[franks2732]

@Libertarianist So i guess the economics nobel winners who oppose your ideology simply don't understand economics. How blind of them

[Libertarianist]

@franks2732 The Nobel Prize is a joke. Yasser Arafat is a Nobel Peace Prize winner. The Nobel committee is just a bunch of liberal political activists. And don't you look up the views of Nobel Prize winning economist Milton Friedman. You argument is bunk.

[franks2732]

@Libertarianist I know it cannot count for something as noteworthy as economics. I mean all those prize winners with their degrees and everything, some with honors who have worked all their lives in the field simply don't understand but a 18 year old boy "knows" what they could not understand LMFAO. I might not agree with Friedmans views but he was undoubtedly an economist (he used math and shit), as were his contemporaries who held opposing positions. Your argument is nuisance nothing more

[Libertarianist]

@franks2732 Milton Friedman is just one of MANY Laureate economists who advocate Austrian economics. So I could make that exact same argument against the opposite ideology. I'm also seldom at odds with actual economists, more often, I'm opposed to economically illiterate politicians who quote mine, mislead, and take facts out of context to make it look like economists support them.

[franks2732]

@Libertarianist That is not true, Milton Friedman rejected Austrian economics. Although a stanch libertarian "politically" He rejected Austrian economics as nothing more than "junk" and said as much. Nor did he like Austrians claim that those who did not support his views were not economists. Simply that they did not support his conclusions. Austrian economics is regarded as stupid by the academic community as it is not subject to falsification. Funny enough Austrians embrace the concept LMFAO

[zsylvana]

@franks2732 You are right and the Librarianist is totally wrong.Milton Friedman was in the other end of the spectrum then Austrian School of Economics when in comes to Methodology.Milton Friedman was maybee the most hardboiled Positivist in Economic History.A Positisvist-Istrumentalist,far­e more then Keynsians in general.His adepts in Chicacago School like Robert Lucas followed in his footsteps and relied on highly sophisticated mathematical models.

[Libertarianist]

@franks2732 And just because I don't have the degree, doesn't mean I always know less than those that do. Certain aspects about economics come very naturally to me. I studied chemistry independently, never took an official class beyond Chem 1 in high school. But when I was working as a lab technician, my peers often came to me for help, even my boss told me I was a better chemist than some of my peers (even those who had bachelors degrees in chemistry).

[franks2732]

@Libertarianist I guess when i need some macro economic advice as how to manage my nations account I will go see you, wow! LMFAO

[Libertarianist]

@franks2732 I don't talk about that which I don't fully understand. I don't discuss all aspects of politics. Mostly what I do is debunk what others have said and answer questions about basic Austrian economic perspective. And the problem with elitism is that it leads to arrogance. The government believes it knows better, but the emergence of a free market creates economic decisions far superior than those made by any individual authority. Example: Prediction markets PWN polling.

[franks2732]

@Libertarianist That is baloney, "the emergence of a free market creates economic decisions far superior than those made by any individual authority" it is unprovable and cannot be tested, it is an assertion based on your morals rather than factual evidence. You do just only not talk about what you do not understand. I claim you refuse to accept and examine an alternate view. One which is held in the real world. Austrian economics is Like astrology unable to be tested it is bunk

[Libertarianist]

@franks2732 NO, it IS testable. And it is also logically consistent. I already mentioned how prediction markets are more accurate than gallop polls. It's called the wisdom of crowds. Prices are the perfect example. How do you know whether society will benefit from a new chemical plant, if you don't have price reference? How much labor does it take to build the plant? It's not just the direct construction you have to account for... continued.

[franks2732]

@Libertarianist being logically consistent based on your understanding of logic still does not prove that it is correct or true, it is neither and unprovable. A fact confirmed by both Mises and Hayek. Who said the proof is not in the results but the theory. I rather value results. Secondly, prices LMFAO

[Libertarianist]

@franks2732 You have to assess how many man hours it will take to build. You have to assess how many man hours it will take to build all the components used in the plan. And all the tools used to make those components and all the resources and tools to make those tools, and THOSE tools, etc. Is all this labor outweighed by the chemicals produced? Who's going to used the chemicals, how much labor will it save them? Are they going to use the chemicals to build more tools? etc.

[franks2732]

@Libertarianist It in no way adds argument to your cause. The reply is so what. Prices help predict outcomes but they are not the only thing and it is an oversimplification of modern society. You are like all Austrians "filling the blanks" after the events to support your theory. Use your Austrian theory to predict the next fiscal quarter of economic growth in the USA and get back to me buddy with an Answer

[zsylvana]

@franks2732 With Freedom he means children working in mines, factories,&farms, with dirty-faced orphans running around city streets hustling, shining shoes, no minimum wage,nor any union or other employment protections of any kind; no environmental protection; no limits on monopoly no limit to corporate or other wealthy influence,return of extreme boom and bust cycles,two depressions-per-decade, in most, if not all cases, due to a lack of appropriate government intervention; etc.etc.

[franks2732]

@zsylvana I know but you will never get a libertarian outlining these interesting facts for the audience. Rather they simply ignore to mention them

[zsylvana]

@franks2732 Of course mate, this would mean they are essentially just the subjects of corporate sponsors, which it seems pretty clear they are.

[Libertarianist]

@zsylvana Isn't it easy to fight men made of straw?

[Libertarianist]

@franks2732 How do you know that this endeavor is the best use of the resources required? But in a free market, price information flows throughout the whole economy. Each entrepreneur conducts a relatively simple assessment. What is the price of the resources consumed, what is the price of the resources produced? Every positive price gap reflects an opportunity to make money, and the action will increase the overall efficiency of the economy.

[franks2732]

@Libertarianist NO

[Libertarianist]

@franks2732 There are millions of entrepreneurs out there examining every industry they can think of. And the level of analysis of each endeavor is astounding. It has the effect of MILLIONS of people conducting cost benefit analyses, who are actually motivated by profit to make the best decisions and who aren't risking the money of unwilling participants. The information manifests in the form of prices and freely flows throughout the whole economy. Without this, we'd be in the stone aged.

[franks2732]

@Libertarianist You are entitled to hold your moral position but like any moral position it is open to acceptance or rejection within the realm of "the free market of ideas". You're has been held to the 'market of those ideas" and has been found flawed. Words like elitism replace "why not they just believe" and it is akin to religion. Statistics are only ever warranted when they support your premise but rejected when they don't. Austrian economics supporters are scientologists on crack

[Runepriest442]

They don't provide public services, in a reasonable manner. They are concerned with profit. This we have established. So by trusting them to provide services....ergo a hospital. You get things like a $400.00 bill for 4 Vicodin and an ankle brace.

The Bottom line is if we trust a corporation to provide public services that everyone NEEDS.... NOT WANTS. Now THAT's the key. NEED vs WANT. Capitalism works in a need based system. It is a human rights atrocity when NEED is involved in the product.

[Libertarianist]

Health care is so expensive for reasons OTHER than capitalism. Also, health care is not a totally private industry, there is all kinds of government intrusion into our health care system. Watch John Stossel's "Sick in America" (one of my playlists).

Private corporations currently supply us with all the food that we NEED or want, and they do a FAR better job than countries like North Korea that try to control food distribution and end up starving MILLIONS OF PEOPLE.

[Runepriest442]

Also you OBVIOUSLY have never been a salaried employee for a corporation bound by contractual obligation NOT to work for a competitor or in a competitive means against the corp. you are under contract to...... The Federal reserve is the Evil Empire, they have our Govt. by the balls and have since 1914. They are the ones you pay your "Federal income tax" to. BTW they are about as federal as federal express.

[Libertarianist]

Again you are being ignorant, I do NOT support when corporations use the government to achieve their means.

[Clyaton]

@Runepriest442 Ron Paul I believe talks against the Fed in his book "END THE FED." He also claims Obama is a 'corporatist.' He is a minarchist LIBERTARIAN.. So, what say you? It is GOVERNMENT which has put this mechanism into a place, including corporations immunities with LLC and 'personhood'. Wake up silly goose, it's everyone elses kool-aid you are drinking, not the libertarian's

[Runepriest442]

"So instead, I'm just going to insult you. You are possibly the single stupidest person to ever comment on my channel. You shouldn't be talking about ANYTHING. I'm absolutely serious about everything in this comment."-

That is what the human Fuckstick up yonder, above me, is vomiting from his poor excuse for a cum guzzler. Now onto what I retorted, I said that a Monopoly, DOES NOT give you any kind of freedom, after HE stated that "The Titanic" was a Monopoly.... So who's Fucking Delusional???

[Libertarianist]

I knew it would pay off to not block you. You craziness is laughable.

"HE stated that "The Titanic" was a Monopoly"

LOL What I actually said was that Paramount had (and has) a monopoly in the market of the movie "Titanic". ONLY Paramount can sell copies of the movie "Titanic".

[IBMeddling]

This is good and I agree but the problem is that many of our tax dollars also goes to corporations. Corporations and government seem to be merging.

[bmtimv]

Thanks

[g0at]

lol @ mom

[faitheist]

I would love to see more videos like this in the future. People need to be educated.