@riethc Did you get to watch all 7? Just think of FDR's economic policy towards Japan and Germany. A great political philosopher/economist Fredrick Bastiat once said "When goods don't cross boarders soldiers soon will" I believe it to be a truth. Especially when goods cross their enemies boarders. Milton Friedman and other economists agreed with Bastiat.
@Daniel44125 "When goods don't cross boarders soldiers soon will" That's only based on the idea that nations that cooperate with one another tend to be less likely to go to war with one another. But if you take that too an extreme, where the markets are being flooded by goods, that can be seen as hostile.
I'm not going to sit through all 70 minutes of something I think is a construct of speculation. No offense.
@riethc The video does offer proof. Not just speculation. You would have to watch it to know that though. Its worth it. Better then watching TV.
You make a good point but in the case of Japan and Germany, the lack of raw goods and oil while sending them to those they were at war with did anger them.
@Daniel44125 The Germans and Japanese were the unjust aggressors. Germany and Japan were both invading other nations at the time.
I saw that you made this as a reply to another video. Just to let you know, Austrian economics origianlly came from the Austro Hungarian empire. Learning what that empire was about might be a good thing to know.
@riethc I agree both Germany and Japan were aggressors against many other countries. They came in conflict with us due to our own mistakes as well. Of course they could have in due time anyways.
I know where Austrian economics came from. It doesn't change the fact that it is sound economics. Unlike Keynesianism. Your assumption that I don't know what the Austro Hungarian empire was about is wrong. I am Croatian. They ran the show their for many years. They oppressed slavs.
@Daniel44125 You don't have to choose between insane Keynesian economics and Austrian economics. It's a false dichotomy. These two forms of economy are imperial.
I would check out American System economics: Henry Clay and John Quincy Adams, in particular since their names haven't been dragged through the mud as much.
@riethc What difference does it make where its from if is truth? Many economists considered Austrians were Americans.
Henry Clay was a mercantilist. Tariffs don't work. Smoot hawley tariffs proved that. Protectionism does not work. It harms the consumer. Tariffs are just another attempt at central planning
@Daniel44125 Central planning in the Communist sense is screwy. Have you ever seen Adam Curtis' Pandora's Box? It goes into Russian Central Planning in detail. It's very different from infrastructure development and scientific projects, which is what American System economics is focused on.
I personally don't care for the American system. I believe the legacy of Henry Clay and Hamilton have a lot to do with the problems we face today. I feel they at least partly caused issues that led to the Civil war. I prefer the Austrian school.
@Daniel44125 Hamilton vs. Jefferson thing is a great polemic. I think that Jefferson was an important Founding Father, with great rhetorical skills, but he was also a Jacobite and hypocritical. Reading the preamble of the Declaration of Independence and then knowing that Jefferson owned slaves makes one wonder.
@riethc I am a huge Jefferson fan. I know he was a slave owner but I have read many of his letters on the matter. He was anti-slavery. I am not sure why he kept his slaves but I do know he freed them at death. He also educated them. I know he also had children with his dead wife's slave and half sister. I can only speculate that he didn't think they would be able to have a good life if freed. I wonder if he treated them as slaves or family. Much is lost to history.
@Daniel44125 The Declaration of Independence is essential, and I don't think the fact that the writer was hypocritical in life diminishes the truth of what he articulated in the document itself.
@riethc The American System isn't the system we currently live under. We've been under Keynesian economics recently, i.e. Helicopter Ben Bernake. The Fed is run by private banks and physical economy is based on consumerism and what's the best way to debt farm.
@riethc Yeah, I know but I see little difference between the schools. I find the American System just British Mercantilism for Americans. I am not a fan of central banks private or public.
@Daniel44125 The best way of describing the American System is historical. Lincoln with his "greenbacks" won the Civil War and at the same time created the intercontinental railroad. That's very American System in the fact that it based the money on physical economic growth. John Q Adams created canals which connected the Atlantic Ocean with the Great Lakes and the Mississippi, which was done under the Second National Bank.
Not the first time I've heard this. Interesting speculation, but I doubt it. FDR's legacy has a lot of enemies.
riethc 6 months ago
@riethc Did you get to watch all 7? Just think of FDR's economic policy towards Japan and Germany. A great political philosopher/economist Fredrick Bastiat once said "When goods don't cross boarders soldiers soon will" I believe it to be a truth. Especially when goods cross their enemies boarders. Milton Friedman and other economists agreed with Bastiat.
Daniel44125 6 months ago
@Daniel44125 "When goods don't cross boarders soldiers soon will" That's only based on the idea that nations that cooperate with one another tend to be less likely to go to war with one another. But if you take that too an extreme, where the markets are being flooded by goods, that can be seen as hostile.
I'm not going to sit through all 70 minutes of something I think is a construct of speculation. No offense.
riethc 6 months ago
@riethc The video does offer proof. Not just speculation. You would have to watch it to know that though. Its worth it. Better then watching TV.
You make a good point but in the case of Japan and Germany, the lack of raw goods and oil while sending them to those they were at war with did anger them.
Daniel44125 6 months ago
@Daniel44125 The Germans and Japanese were the unjust aggressors. Germany and Japan were both invading other nations at the time.
I saw that you made this as a reply to another video. Just to let you know, Austrian economics origianlly came from the Austro Hungarian empire. Learning what that empire was about might be a good thing to know.
riethc 6 months ago
@riethc I agree both Germany and Japan were aggressors against many other countries. They came in conflict with us due to our own mistakes as well. Of course they could have in due time anyways.
I know where Austrian economics came from. It doesn't change the fact that it is sound economics. Unlike Keynesianism. Your assumption that I don't know what the Austro Hungarian empire was about is wrong. I am Croatian. They ran the show their for many years. They oppressed slavs.
Daniel44125 6 months ago
@Daniel44125 You don't have to choose between insane Keynesian economics and Austrian economics. It's a false dichotomy. These two forms of economy are imperial.
I would check out American System economics: Henry Clay and John Quincy Adams, in particular since their names haven't been dragged through the mud as much.
riethc 6 months ago
@riethc What difference does it make where its from if is truth? Many economists considered Austrians were Americans.
Henry Clay was a mercantilist. Tariffs don't work. Smoot hawley tariffs proved that. Protectionism does not work. It harms the consumer. Tariffs are just another attempt at central planning
Daniel44125 6 months ago
@Daniel44125 Central planning in the Communist sense is screwy. Have you ever seen Adam Curtis' Pandora's Box? It goes into Russian Central Planning in detail. It's very different from infrastructure development and scientific projects, which is what American System economics is focused on.
riethc 6 months ago
@riethc I have not seen it. I will check it out.
I personally don't care for the American system. I believe the legacy of Henry Clay and Hamilton have a lot to do with the problems we face today. I feel they at least partly caused issues that led to the Civil war. I prefer the Austrian school.
Daniel44125 6 months ago
@riethc There is a book called Hamilton's Curse you may be interested in
Daniel44125 6 months ago
@Daniel44125 Hamilton vs. Jefferson thing is a great polemic. I think that Jefferson was an important Founding Father, with great rhetorical skills, but he was also a Jacobite and hypocritical. Reading the preamble of the Declaration of Independence and then knowing that Jefferson owned slaves makes one wonder.
riethc 6 months ago
@riethc I am a huge Jefferson fan. I know he was a slave owner but I have read many of his letters on the matter. He was anti-slavery. I am not sure why he kept his slaves but I do know he freed them at death. He also educated them. I know he also had children with his dead wife's slave and half sister. I can only speculate that he didn't think they would be able to have a good life if freed. I wonder if he treated them as slaves or family. Much is lost to history.
Daniel44125 6 months ago
@Daniel44125 The Declaration of Independence is essential, and I don't think the fact that the writer was hypocritical in life diminishes the truth of what he articulated in the document itself.
riethc 6 months ago
@riethc The American System isn't the system we currently live under. We've been under Keynesian economics recently, i.e. Helicopter Ben Bernake. The Fed is run by private banks and physical economy is based on consumerism and what's the best way to debt farm.
riethc 6 months ago
@riethc Yeah, I know but I see little difference between the schools. I find the American System just British Mercantilism for Americans. I am not a fan of central banks private or public.
Daniel44125 6 months ago
@Daniel44125 The best way of describing the American System is historical. Lincoln with his "greenbacks" won the Civil War and at the same time created the intercontinental railroad. That's very American System in the fact that it based the money on physical economic growth. John Q Adams created canals which connected the Atlantic Ocean with the Great Lakes and the Mississippi, which was done under the Second National Bank.
riethc 6 months ago
I reject central planning
Daniel44125 6 months ago
Thank you for posting.
lazyfreedom98 9 months ago