Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
WHO THE F ARE THE 64 PEOPLE THAT NEVER LIKE THESE VIDEOS!!? there is always 64 liberty hating ass wholes even on Ron Paul videos. I wonder if it is the same 64 people who are just like oh another video promoting Freedom damn it when will the state own us!
Or is economics instead a technique of operating within a world that economists themselves have largely created? Or is it, as it appears for so many of the Austrians, a kind of faith, a revealed Truth embodied in the words of great prophets who must, by definition be correct, and whose theories must be defended whatever empirical reality throws at them—even to the extent of generating imaginary unknown periods of history where something like what was originally described ‘must have’ taken place
@thecritiquevirtuoso I think a social liberal who supports a free market is being consistent in their views; It seems to me that a true liberal...in the classical sense...should support liberty as their highest standard and it sounds like that's what you are describing.
Indeed. As a libertarian, I don't understand why many of my liberal friends are so anti-capitalism. It rewards progressive thinking and innovation. I can't talk to my socially liberal friends about economics, and I cannot talk to my conservative friends about science or other people's cultures... come to think of it, I don't have any conservative friends.
@thecritiquevirtuoso I've figured it out. It's because they can't conceive of the free market being efficient. Why? Because they regard appeals to emotion more highly than evidence.
@ElJefer What evidence? All I see the free market do is fluctuate from okay to complete shit. How will massive deregulation make my life better? Convince me.
Oh and so you know, Mises was very emotionally charged about his fear of "Communism" which is what he thought the USSR was, which displays his lack of knowledge of left wing economics.
@thecritiquevirtuoso Yeah, I try my best to convince my liberal friends that free market forces are your friend and will bring about the peace and the changes they want, but to no avail
Its almost like Hitler picked popular policies which people would vote for and then took a hard swing right once elected. (how many people actually got the Volkswagens he promised, for example). Incidently this happens with every US president because republicans just fuck everything up.
@KenMacMillan Chile, Argentina and Brazil during the military governments where right-wing dictotorships that, although opresive, had fully free markets. Just like Norther Europe has proven civil liberties can exsist with limited economic ones, those right-wing dictatorships proved you can have full economic liberty without any civil ones.
Mussolini clear up till the founding of the Fascist Party was the Chairman of the Italian Communist party but failed to gain support so he formed the Fascist party.
For those that claim government under the control of Government is Fascism are dead wrong, under Fascism corporations are subservient to the state and corporate CEO's were state bureaucrats paid and under the control of the State and in most cases, the worker was paid more than the CEO. Read Mussolini's Book, he invented fascism
@RioTroloMolo The second problem with OG is that it paints Lasalle and Marx as being in complete agreement. In Critique of the Gothica Program Marx calls out Lasalle by name, declares Lasalle's philosophy to be intellectually bankrupt and withdraws his formal support from the SDP because of Lasalle's influence on it.
@RioTroloMolo There's two problems with OP. The first is that it paints the SDP as a minor party which sided with the Nazis when they arose. This couldn't be farther from the truth. They were the second largest party in pre-war Germany, they were the only party banned in Germany and were done so under the regimes of both Bismark and Hitler. They were also the only party to vote against the act that gave absolute power to Hitler's executive branch.
It's kind of ridiculous to talk about more or less government unless one talks about smart vs. stupid government. Most of the world has stupid government. What makes it bad is the fact that regular people who are theoretically supposed to have some say in what they get, DON'T. A proper government would be Transparent and Fair. We have all been treated like cattle for centuries by OLD MONEY CONTROL FREAKS.
Naziism was a form of right wing socialism. It sounds like a contradiction, but remember that the term "Nazi" was an abbreviation for "National Socialism".
@DroneFragger Nazi is an acronym for: Nationalsozialistische Deutsche Arbeiterpartei , or in English generally translates to: National Socialist German Workers' Party. Yes you're right, what BS to think that Nazis are socialists, especially when it's in the acronym of Nazi. Learn some history before making such idiotic statements. Better yet, watch this video a few more times with an open mind, you may actually learn something.
@DroneFragger , Up until the end of WW 2 Nazism was considered a Left winged Idealogy and was supported by every leading Progressive of the day in the USA and every program implemented by Hitler was socialist, from free Health Care, Welfare, housing etc, In 1939 Hitler made a speech that used to be here on Youtube were he declared that in everyway, Nazism was just like Communism, and He and Mussilini were both Communists before the Fascist/Nazi Parties were founded.
Unfortunately there is always a surfeit of mediocre people in any society who are animated by the success of others. This creates a perfect storm where sleazy self-serving politicians can exploit the emotion of envy and implement silly policies that attempt to be "fair" Witness all the Hollywood glitterati with their millions who push interventionist policies. Human beings only learn by bitter experience.
The best Economic System would be an Economic System, where there's as much Economic Freedom as possible thats well regulated. To prevent and stop people from unfairly abusing each other. Where are taxes are low enough so there's as much Economic Activity as possible. Where people can get the best education they possibly can. So they can get themselves the best education as possible.
What totally unsubstantiated nonsense. Mises fought for the truth throughout his life, he was an unrivaled intellectual giant and totally departed from the fashions of the time in his writings.
@danmarder1 What substantiation do you need? "Mises fought for truth." Mises was a paranoid fear-monger against communism. This is the only theme of his work. He literally advocated fascism, so long as it prevented communism. Because of his phobia he's unable to be critical of any system that isn't Bolshevikism. His sophistic, content-less arguments have been used by monopolistic power structures ever since.
Mises wrote one of the greatest refutations of Fascism in 'Omnipotent Government'. Mises' stand against Socialism was entirely rational. Not only did he formulate the most significant devastating criticisms of Socialism (and first of their kind) in both 1920 and 1922. Sure, he may have regarded Fascism as mildly preferable to socialism, but he ultimately acknowledged that they are both simply two breeds of statism. Contentless? Read the TMC and try to call it contentless
@danmarder1@danmarder1 Reading 'Omnipotent Government'. It's a long tract of Mises attributing ideas and beliefs to people who held the opposite. For example, Lasalle and Marx disagreed thoroughly. Marx believed that a Capitalist revolution was need before communism and that communism would disestablish the state. Saint Simon, Owen and Fourier largely avoided government aid in founding their Utopias. If I remember right, Owen once acted as an adviser to the government, but that was requested.
Also, even if his arguments are used by 'monopolistic power structures', this is hardly a refutation. Many practitioners of homeopathy try to use science to falsely validate their claims, this doesn't discredit science, it discredits them.
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People look at Hitler's Germany and probably don't realized Germany was a very cultured and enlightened state. It was not a 3rd world country. Sure, they lost some world wars and there were some extraordinary circumstances. If it could happen there, it can happen in America. Especially if it suffers hyperinflation or something equally catastrophic.
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Free Market nonsense. The whole worlds economy almost imploded in 2008 and we would be in a horrible depression if it weren't for big government intervention.
@jeatroff It was big government intervention and social engineering that caused the problem, not the free market. When you have political lackeys running mortgage companies like Fanny Mae and Freddy Mac; you have political friends in the investment banks, and you are pulling these strings to play with the housing market... that's not real capitalism. You can feed me that "It all happened in 2008" crap as much as you want; but that's not the truth, the worlds just not that simple.
@jeatroff Big Government caused all of it in the first place, not the free market. We don't live in a capitalist society, on the contrary, we live in a ever growing socialist one. In 1978 the poverty level in China was 29% and in 1998 it was down to 9%. The difference? In 1978 they started to adopt free market capitalist ideals and policies and pulling governments interaction with the economy.
@realtheist The "free market" of China is still deeply under the control of the Chinese government. Further, the difference between the current US economy and the "golden ages" of the sixties is that we've now deregulated everything.
@Distortion0 China has tapped into a relatively free market of international trade, and played a simple mercantilist game. That can be achieved with a centrally planned system. However, China will have to continue along the long road of liberal economic reform if it wants to maintain growth. If its present command-corporatist model, with a sprinkle of economic liberty, is kept in place, it will continue its recent gross misallocation of capital and will face an inevitable slowdown.
@disdanic This is perfectly reasonable thing to believe. I, as well, have serious doubts that the Chinese system will continue to work once China approaches it's steady state equilibrium. But, it will be interesting to see what happens.
@jeatroff Really? The economies that "almost imploded" were not so free market like! They were state controlled tax based welfare economies! If the big banks would have failed, it would have opened up the markets to smaller more local banks! The market would have adjusted. The bank bailouts were highway robbery and a good example of state capitalism not a free market capitalism!
@wildernessshouter Reading Ayn Rand are you? You clearly show in your comment that you understand neither Marx nor Darwin.
Marx was a man of his time and his work has to be read in that context, when working people were basically animals. His fight was a just one and led to working class people having rights and privileges through social welfare which has risen not just their standard of living, but that of the entire world (relatively speaking).
@3LARI Marx was a freeloader and a poor excuse for a human being. He was so poor he often pawned his family's clothing. He lived poor because he didn't want to go out and do any real work. His written words are no surprise when you look at the man he was. He kept having kids, even when he couldn't afford to buy medicine for the sick ones he had that died. Is this the sign of a great man? No I have not read any of Ayn Rand's books yet, but I plan to. There where social movements before Marx.
Change does not roll in on the wheels of inevitability, but comes through continuous struggle. And so we must straighten our backs and work for our freedom. A man can't ride you unless your back is bent.
works if you have money 1billion hungry more than half work for 3 dollars aday or less, 20000+ die everyday of starvation and treatable disease for they have no demand for food and medicine while theres a huge demand for luxury cars in beverly hills - gdp is assumed to be realative to well being but includes overpriced medical care fraudulent debt swaping and private prisons- natural sustainble energy 50,000x more than needed -but we burn dirty fossil fuels -capitalism blows a rbe is the answer
After hearing all sorts of ideas, Mises has economics right.
I think Mark and Keynes are embraced by two groups. (1) Weak people (2) People who would exploit weak people.
Those who think free market capitalism is exploitative, are mistaken. It maybe the biggest misconception sold to the public by the establishment. Exploitation only enters the scene alongside government intervention.
No system is perfect, but free markets are the only economic system compatible with freedom.
Economics is a very narrow view of the world imo. It doesn't take into account morality, or wellness. The current economic model that we have maximises profit, as if profit means wellness. What do we really want to achieve and is money a valid measure of success? Is the purpose of life to make as much money as possible? Neoclassical economics views pollution, war, misery, death and destruction as externalities to the market economy and therefor not important to address so long as profits soar!
From the way in which you speak of profit, I can tell that you don't really understand the Austrian conception of the marketplace.
Entrepreneurship means proactively appraising and choosing between different sets of future conditions, and profit means acheiving one which better satisfies your set of values, whatever those values may be. The marketplace is the compact through which people communicate their preferences, and reconcile them against the inherent scarcity of goods, and -
- receive remuneration in proportion to the intensity and efficiency with which their productive activities satisfy the values of their fellows.
Austrianism and Libertarianism deal with negative externalities in the same way as with any other property crime. War is criminal. Pollution is criminal. The environment is a scarce and precious resource, which should be rationed like any other.
Your critique applies to the establishment, and not to Austro-Libertarians such as Mises and Rothbard.
@PanzerDivisionBOM Panzer, it's clear you are just a troll who can't play well with others. You obviously think you're a lot smarter than everyone else. The point you're consistently missing throughout all the arguments you get into and insults you toss out, is that your world is theory...we live in the real world. You're certainly going to reject this, but you're just a garden-variety young punk who reads too much. Your opinions are just other people's ideas which you regurgitate. Get a life
@PanzerDivisionBOM the economics of our times is all head and no heart. that's what a lot of modern economists and entrepreneurs don't get. I don't know why the first thing you said is that I don't understand the Austrian conception of the marketplace. We live in the marketplace, we are part of it. That's an understanding greater than any textbook definition, and my understanding comes from observing that life, not textbooks.
But Austrolibertarians are not advocates of the status quo. We stand for something completely different - a radical departure from the fascism of modern Western democracy, towards emergent order and capitalism. It's not really fair to critique a position based on problems observed you have with an order which is fundamentally incompatible with it.
@PanzerDivisionBOM A radical departure from fascism to capitalism. Sounds radical! I'm just giving my 2 cents for what its worth. I don't think externalities should be dealt with as a crime. To call it a crime is to say that its external to the process itself is a crime imho, things are fundamentally linked and that is the nature of things, natures ecosystem, mans ecosystem. I understand economics more through permaculture than through economics itself.
Then you don't understand economics at all. It's not about the management of things and the manipulation of numbers and symbols, but about human value judgments, and about the purposeful action of human beings.
@PanzerDivisionBOM It is my opinion that we are loosing a sense of perspective on what our priorities are. I believe that our current economic model and it's focus on GDP as a measure of prosperity is majorly flawed. If you need to support your argument by persisting to say that I don't understand it's kind of a sign that your argument is flawed isn't it? Or perhaps you want to make yourself feel smart by calling me stupid?! :-p
@yozeroz You seem inteligent and I just wanted to get an opinion. Please what would be your opinion of a trickle up economic model compared to a trickle down and how would that change effect society? Thanks.
I think our miscommunication reflects more upon my skills as a communicator than upon your intelligence, and I apologize for failing to get the point across.
I completely agree with you that mainstream economics is majorly flawed. Trying to measure the output of such a large aggregate as an entire nation in money terms is fallacious, and imagining that this output always corresponds to the prosperity of the people in this aggregate is another layer of fallacy.
Austrians hold to a fundamentally different doctrine. Human value judgments and action is not primarily treated aggregatively and mechanistically, as in the equations of Neoclassicals and Keynesians, but rather individually and dynamically, with each individual acting based upon her own values and assessment of future conditions.
Your critique is brilliant and insightful. It just doesn't apply to the people in the video.
I wonder if you read or researched much on Permaculture at all? I mention it because if anything I've really been turned onto in the last year it's been more in permaculture & some of the buddhist principals too. Starting to believe there is something in both that offers a new perspective through more ancient knowledge on what's required and what work's in creating a sustainable and resilient communities.
I'm reminded of a lyric from an old Vienese song from the Mises circle:
The ways of science provide but a small slice. It alone cannot a nation feed.
If you want to treat people as beings of volition rather than as cattle to be managed, then technical and spiritual knowledge are not sufficient. You need to understand the form of human preference and value judgments, and not just the content, and you need to understand how this information is passed along and acted upon in society.
@PanzerDivisionBOM You need to understand how to grow food locally and sustainably. Simple as. A lot of the world's oil, money and other resources are wasted on monocultural agricultural systems, and its also the cause of the majority of the world's deforestation. You didn't answer my question.
No, I have very little knowledge of agriculture, because nothing I want to accomplish or understand requires this knowledge. As far as I'm concerned, it's an entrepreneurial problem, and not even a very complicated one relative to things like defense, law and currency.
You seem to be fairly solid in your opinions then. I didn't ask about agriculture mentioned the principles of permaculture as a means for a sustainable society and sustainable food systems and buddhism in terms of having a better sense of morality, compassion and balance to what we do and how govern ourselves. I believe a shift from the focus on things like defense law and currency are required to solve the problem, and a new way of thinking is required to get ourselves out
Socialism and Free market are really good systems, perfect if you want, , but the problem is that are not design for humans. All the capitals sins make's this 2 systems criminal injust.
Talk about growing trees for lumber to build homes. Talk about what government jobs to create using the currency. Talk about what types of clean energy plants we are building. Talk about electric cars. Talk about world problems, how to end that without violence or fighting. Talk about how we approach ending terrorism, "say it straight out"!!! without killing anybody. Talk about technology, medicine, health study advancement.
Why do we even need to go so far as tieing money to a scarcity such as gold? What if we changed money into a representation of labour and time. For ex. We have projects in the community to build better bridges,roads, trains, etc.. We decide what needs to be done and agree on a price and we issue money to the people that produce these goods representing their time/labour resulting in abundance and inflation is not an issue. Abundance is wealth not scarcity!
@charronfamilyconnect then who or what would determine the value of time and labor. some people think that cleaning a toilet is worth 50 bucks some think its worth 5 bucks.. so your going down a dead end street. wealth has to be tangible. and what better than a precious metal. if we used a combination of the barter system and gold and silver like the world used for thousands of years would be best. as long as the govt keeps out of the economy it will work itself out
@charronfamilyconnect Why don't we just agree on a price and then issue money? Well, what would the price be based on? Would you just invent a new piece of paper and call it a charron dollar? What would a unit of it be worth? Money isn't something that people just decided to do. It is a natural progression from a barter system. It is an indirect medium of exchange that sensibly would have intrinsic value. Having an asset based currency mean real value, not perceived or arbitrary value.
Socialism is Utopian nonsense. It does not make peoples lives better, it makes everyone equally miserable. In a socialist society a man has no road to realize his dreams, because he is told what his life will be. In a capitalist society he can form a plan; work to finance it, and someday achieve it. By working to achieve his goals, he fuels the engine that allows others to achieve their goals. This is how progress is stimulated. Where in socialism nothing he does makes a difference for him.
@wildernessshouter That's an extremely facile estimation of socialism and capitalism. Surely you see that deregulated financial systems and corporate influence lead to the elites consolidating wealth and power at the expense of the workers?
Equally, socialism at its most extreme leads to authoritarian dictatorships which have a monopoly on just about everything.
What we need is social democracy. For that to work, people need to get educated and stop spouting reactionary nonsense as you just have
@3LARI Socialism is Reactionary. The undereducated worker is told by the socialist that life is unfair, and that socialism will fix it. With the modern availability of information; the worker is undereducated by his/her own fault, and by the nature of his/her shortcoming has less defenses against these falsehoods. This is part of the reason they are a worker in the first place, they are not mentally exceptional among their species. They react with a mob mentality pro socialism. (cont.)
@wildernessshouter Again, this is a facile and wholly arbitrary summation of the situation. The vast majority of workers are uneducated because of the very inequality imposed on them by bourgeois monopoly. Conversely, the upper classes of society are better educated, yes, but ask yourself why... It is because they have access to better education because of their class.
The vast majority of the working class are perfectly capable. They are kept in ignorance by design, not through laziness.
@3LARI So your argument is that they only react because they are undereducated; and they are only undereducated because someone else made them that way, but not denying the reaction. Who is responsible for your actions? If I see a world with people above me; and I know they are there because they or their family learned how to get there, then could I not set about learning for myself how to get there? Would that not be the smart thing to do? (part 1 of 2)
@wildernessshouter " If I see a world with people above me; and I know they are there because they or their family learned how to get there, then could I not set about learning for myself how to get there? Would that not be the smart thing to do?"
Now that is reactionary.
In short, my answer would be "yes"... If, that is, you wish to live in an unequal and unhealthy society where men are reduced to fighting one another rather than working together in the common interest.
@3LARI No one will ever know what is in my interest, only I can know that. Can I decide what is best for you? No I can't; neither should I, you are free. Marx called everything he didn't understand reactionary, it's a socialist tradition. All species fight for survival; among themselves and other species, Darwin pointed this out. When you go against that your not helping human evolution at all. There is nothing wrong with healthy competition. Worker already cooperate for a common interest.
@wildernessshouter Also, you've mangled Darwin. He clearly shows that far from out-and-out selfishness, the traits that best lead to propagation of a species are those of altruism and co-operation. Those cavemen who hunted alone rather than in groups didn't last very long.
@3LARI That is a poor example of competition among species; plenty of things co-operate in groups, and slowly loose their survival skills or are unable to cope with change. How many extinct animals where pack hunters? Only when one among the pack establishes good practices does some follow and survive. The rest die. In capitalism successful individuals survive, while the lesser die. In socialism the lesser mass populate, and the superior are suppressed by mob enforced equality.
@sdeevooo I'll ignore your uninformed childish insults and just say that all I've been trying to get across is that equality is better for everyone, and that unbridled deregulation and monopoly leads to corporatocracy through concentration of wealth, which, by the way, is similar to the socialist endgame you allude to.
I see you agree that the US has this problem, and I've never professed to being in favour of all-out socialism, so, apart from mindless insults, what's your point exactly?
@3LARI (part 2 of 2) People are not created equally; if they where then no one would be born with any kind of defect, they can not judge equally. There are far more people prone to making rash uneducated choices, then there are rational individuals. The majority will not rule in a noble way, they will crush anything they don't understand. The one who can best sway these people feeble minds; will hold power over them, he will be a Hitler a Stalan.
After reading these comments, I can say that this is the single most polite discussion that has ever graced the Youtube comments section. Maybe you could could start insulting each others' mothers or something along those lines?
@sambking lol, i'm guessing you're a conservative. the way i see we all love freedom. to me its the greatest gift. Hitler loved the freedom he had. what a great feeling to impose your values and freedoms against others. socialism is the idea that everyone has freedom, not just a few people. socialists LIKE it when other people have freedom. conservatives thrive on greed. they don't like to see other people free.they care for #1. they take 90% and leave 10% for everyone else and say tough luck.
@Freethinker12341 so you like freedom for the poor but not the rich? socialism is central planning and control where capitalism grants us each the freedom to succeed and fail of our own accord. you can be the greediest person in the world but it will not make you a cent richer. in a free society (must include a free market to be truly free) the consumer is the boss, and if you don't meet his demands you are bankrupt. it's the richest men who employ the most people, raising the standard of living
@Freethinker12341 Hitler was a socialist, and practiced quite well. he knew best as far as he and his followers were concerned, who had the right to live and be prosperous. thus his actions were not all that different from other socialist dictators such as Mao and Stalin who were responsible for millions of deaths by starvation and concentration camps. freedom cannot exist without the right to property. is it not greedy to feel entitled to another's wealth merely because they have more than you?
@sambking i think your freedom should be taxed. there should be a law passed on you to not allow you to make so much money for no good reason. you should not have the legal right to make too much money. lets get one thing straight, i am a socialist but that does not mean i do not believe in personal responsibility. i just believe that there is no purposeful reason to make so much money, the good that it does for one insignificant homo sapien is NOTHING compared to the harm that it does
@Freethinker12341 please tell me you see the contradiction in your statement. in practice, socialism is the complete absence of freedom AND personal responsibility. who decides how much money I can make, what career I will pursue, what house I can live in and where, what substances I can put in my body, what I can say and what I can't? no central planning board, regardless of the intelligence of it's members could ever know the details required to successfully live each of our individual lives.
@Freethinker12341 they are merely words that describe the same ideas. in the name of progress we are in fact regressing into serfdom through central planning and the degradation of the free market. the argument is always necessity, and rests on good intentions; unlike businessmen who must make decisions based on results, the politician operates solely on a system of popularity. their promises always sound good, but we must consider the cost. is there more to the equation that what we can see?
@umbilicaltapeworm no, they are not the same. communism is a totalitarian dictatorship. democratic socialism is not. and democratic socialism is not complete socialism. it is a combination of capitalism and socialism (leaning towards socialism). this what i would like the entire western world to be someday. the free market has no purpose
@Freethinker12341 "need now means wanting someone else's money, greed means wanting to keep your own, and compassion is the sentiment of the politician who wants to arrange the transfer." does that sound about right? please explain to me how it is possible to progress beyond freedom (without simultaneously diminishing it) and how this is beneficial to society. is there an example in history of a society that has flourished through the broad economic application of socialism?
@umbilicaltapeworm yes, all of the Scandinavian countries are Social Democracies. along with Belgium. I believe France is also a social democracy, its moving more to the right however. The UN recently rated the top best countries to live (based on economic stability, overall happiness, crime rate, etc). Number 1 in 2010 was Denmark. The US did not make the top ten. All of the countries in the top ten were from Europe except for two; New Zealand and Canada.
@umbilicaltapeworm one more thing, scandinavian countries are also the most secular. 80% of the people in sweden dont believe in god and 90% accept evolution. the happiest countries in the world are also the most non-religious and socially democratic. there you have it
@Freethinker12341 Socialism totally fails because your plan, freethinker12341, will invariably conflict with my plan and I would not abide such a deviation.
@herminzissou lol yes, likely because we both have completely different values and morals probably. you're American I see, I'm Canadian. I'm also an atheist so I base my morality on rational thought, I've learned all of my life lessons from things like English literature, film, science, and philosophy books. Since I dont believe we are put here for any divine purpose I believe in two main things in life: a hedonistic life style and the golden rule. I value nature and taking care of my fellow man
@herminzissou all of these values that I have point to one thing: Democratic Socialism because it encourages a simpler lifestyle. Its friendlier to the environment because it simpler, it encourages a simpler life style. capitalism is based on blind egoism (the inner craving to be superior to someone else) its not necessary, and life is FAR more enjoyable when you forget about material possessions and excessive selfinterests and focus more on things like friendship, nature, intellectual interests
@herminzissou life is about being here, in this moment, because this moment is all we have. if you think that you're going to get another life after this one, you're wrong. Jesus is not coming, he never came. so you are not entitled to go around putting shit on the earth and complicating life.
@Freethinker12341 harm? are you referring to the massive spike in industry and technology since the dawn of capitalism? or perhaps you mean that the resulting rise in the standard of living for workers is caused great harm. there would be no internet, no YouTube, no refrigerators, no cars, no power in our houses, no modern medicine were it not for this beautiful system that allows a man like Henry Ford, with nothing to his name, to "make it" just by making life easier for people. THINK FREEDOM.
rockerfeller is more of an example of fascism -i.e the rich elite colluding with government ...not really a great example of free market....i think that guy is stupid for mentioning rockerfeller in this discussion...free market is about limiting govt intervention period...
rockerfeller is probably pro-socialism because more power to the government means more power to the ppl who control the government - i.e. the rich elites like himself
Depends what you mean by 'free markets' free markets when imports are taken into account are not free. Mises was either a fool or out to destroy the West. Since the idiots made this video capital and jobs have fled the West.
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CircleBastiat: you are clouding the simple truth with this Austrian pipe dream. Warren Buffett, one of the richest men in the world, is on my side of the arguement.
Ross Perot, another rich man who had no ax to grind realized that the demise of american manufacturing and middle class prosperity was due to NAFTA and CAFTA and any other bad trade deals that ship jobs overseas. The US is one of the few countries who is not concerned on how trade policy affects employment for it's citizens.
What a joke, people! We need some rules for the market to work!! Right now, our middle class is suffering, jobs are moving to China, the gap from rich to poor is widening. Ross Perot was right in '92: Pass free trade agreements and listen to the giant sucking sound of jobs leaving the United States!!! He was right.
what pisses me off is the emphasis on greeeeeeeed as basic to a libertarian economic philosophy why is that a point to make?No bodies greedy we'll all dieing in service of life don't call anyone greedy.I don't have to be greedy to take a completely identical stance and they threw that word in my mouth.
As I wade through all of the misinformation that permeates the intellectual and political climate of today, I gratefully honor men like Mises. His practical sensibility and eloquent words act upon my nerves like Mom's chicken soup during a bad flu. When my head is foggy and spirits are low, I open up one of Mises' works and find my relief.
If only there could be 100 Miseses for every Krugman.
@CircleBastiat No Mises was wrong.Existing relative price theory,which is designed to explain the allocation of resources among alternative ends and the division of the product among the co-operating resources and which reached almost its present form in Marshall's Principles of Economics,seems to me both extremely fruitful and deserving of much confidence for the kind of economic system that characterises Western nations.Milton Friedman,know to use Neo-classical tool but Mises failed to use it
@treddas851 that is a run-on sentence if I've ever seen one. That aside, Austrian economics is not an orthodox school of economics thus it doesn't subscribe to the Neoclassical method of econometrics, indexing, mathematical modeling, etc.
The fact that Mises didn't use a method that he disagreed with is hardly a refutation of his work. You're going to need to provide more of an argument than that.
This doesn't even rise to the level of a soviet propaganda film.
DavidByrne85 3 days ago
"Ludwig von Mises was teaching thinking... " so true... so true
Vdrummer182 1 week ago
I've just ordered a copy of Human Action!
CaptainSkeletor 2 weeks ago
Wtf is Ron Paul doing there? That's awesome!
Dirge987 2 weeks ago
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CommonSenseLako 1 month ago
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RapsAlive 1 month ago
Liberty has just not been popular for 100+ years.
ElJefer 1 month ago
Ron Paul 2012!!!!
USTreasuryBond 1 month ago 14
thx ever so much for this upload. it's hard to understand what Dr. Murray is saying but apart from that it's a good documentary!
diogotomediogo 1 month ago
WHO THE F ARE THE 64 PEOPLE THAT NEVER LIKE THESE VIDEOS!!? there is always 64 liberty hating ass wholes even on Ron Paul videos. I wonder if it is the same 64 people who are just like oh another video promoting Freedom damn it when will the state own us!
MrObveous777 1 month ago
Or is economics instead a technique of operating within a world that economists themselves have largely created? Or is it, as it appears for so many of the Austrians, a kind of faith, a revealed Truth embodied in the words of great prophets who must, by definition be correct, and whose theories must be defended whatever empirical reality throws at them—even to the extent of generating imaginary unknown periods of history where something like what was originally described ‘must have’ taken place
xRA1D32x 2 months ago
Why the hell wasn't I taught some of this in high school or even undergrad? Shit I feel cheated!
jaeLAX23 3 months ago
What does everyone here think of a social liberal who supports a free market?
thecritiquevirtuoso 3 months ago
@thecritiquevirtuoso I think a social liberal who supports a free market is being consistent in their views; It seems to me that a true liberal...in the classical sense...should support liberty as their highest standard and it sounds like that's what you are describing.
pdxtom 3 months ago 4
@pdxtom
Indeed. As a libertarian, I don't understand why many of my liberal friends are so anti-capitalism. It rewards progressive thinking and innovation. I can't talk to my socially liberal friends about economics, and I cannot talk to my conservative friends about science or other people's cultures... come to think of it, I don't have any conservative friends.
thecritiquevirtuoso 2 months ago
@thecritiquevirtuoso I've figured it out. It's because they can't conceive of the free market being efficient. Why? Because they regard appeals to emotion more highly than evidence.
ElJefer 1 month ago
@ElJefer
I hate emotionalism.
thecritiquevirtuoso 1 month ago
@ElJefer What evidence? All I see the free market do is fluctuate from okay to complete shit. How will massive deregulation make my life better? Convince me.
Oh and so you know, Mises was very emotionally charged about his fear of "Communism" which is what he thought the USSR was, which displays his lack of knowledge of left wing economics.
kingnat2 2 weeks ago
@kingnat2 possibly because it wasn't a free market to begin with
wearechangewestv 2 weeks ago
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@kingnat2 "All I see the free market do is fluctuate from okay to complete shit."
ಠ_ಠ
How can you say you've seen the free market when one has never existed?
Dirge987 2 weeks ago
@thecritiquevirtuoso Yeah, I try my best to convince my liberal friends that free market forces are your friend and will bring about the peace and the changes they want, but to no avail
moderatecanuck 4 weeks ago
@thecritiquevirtuoso That is what we call a libertarian or a free market anarchist
moderatecanuck 4 weeks ago
Has anyone seen The Secret of Oz? Can anyone at Mises debunk it?
KenMacMillan 3 months ago
@KenMacMillan Gold and competing currencies.
spaceagedevice 3 months ago
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qwerty94376 4 months ago
Mises
Rothbard
Hayek
Friedman
i choose Mises...
MrBigEnchilada 4 months ago
@MrBigEnchilada Id take them all (Including Henry Hazlitt) & put them into 1 Austrian Super Being Economist.
Thus, creating the ultimate understanding of global economics theory. Creating the perfect economist. His name?
Roicyeklettman or,
Misbard von Yekfriedlitt. Or...
Friedbard von Hazyekman.
IBloodSweatTears 2 weeks ago
Its almost like Hitler picked popular policies which people would vote for and then took a hard swing right once elected. (how many people actually got the Volkswagens he promised, for example). Incidently this happens with every US president because republicans just fuck everything up.
DroneFragger 4 months ago
@DroneFragger Dictatorship is solely on the left.
KenMacMillan 3 months ago
@KenMacMillan Chile, Argentina and Brazil during the military governments where right-wing dictotorships that, although opresive, had fully free markets. Just like Norther Europe has proven civil liberties can exsist with limited economic ones, those right-wing dictatorships proved you can have full economic liberty without any civil ones.
dave19941000 3 months ago
@KenMacMillan Its on both side, my friend
moderatecanuck 4 weeks ago
Mussolini clear up till the founding of the Fascist Party was the Chairman of the Italian Communist party but failed to gain support so he formed the Fascist party.
For those that claim government under the control of Government is Fascism are dead wrong, under Fascism corporations are subservient to the state and corporate CEO's were state bureaucrats paid and under the control of the State and in most cases, the worker was paid more than the CEO. Read Mussolini's Book, he invented fascism
lowglow63 4 months ago
@RioTroloMolo The second problem with OG is that it paints Lasalle and Marx as being in complete agreement. In Critique of the Gothica Program Marx calls out Lasalle by name, declares Lasalle's philosophy to be intellectually bankrupt and withdraws his formal support from the SDP because of Lasalle's influence on it.
Distortion0 4 months ago
@RioTroloMolo There's two problems with OP. The first is that it paints the SDP as a minor party which sided with the Nazis when they arose. This couldn't be farther from the truth. They were the second largest party in pre-war Germany, they were the only party banned in Germany and were done so under the regimes of both Bismark and Hitler. They were also the only party to vote against the act that gave absolute power to Hitler's executive branch.
Distortion0 4 months ago
@Distortion0 I meant OG in the first post, not OP.
Distortion0 4 months ago
It's kind of ridiculous to talk about more or less government unless one talks about smart vs. stupid government. Most of the world has stupid government. What makes it bad is the fact that regular people who are theoretically supposed to have some say in what they get, DON'T. A proper government would be Transparent and Fair. We have all been treated like cattle for centuries by OLD MONEY CONTROL FREAKS.
smujismuj 5 months ago
I realised this was bullshit when the author called nazis "socialists" when they're one of the most far right parties in modern times.
DroneFragger 5 months ago
@DroneFragger
Naziism was a form of right wing socialism. It sounds like a contradiction, but remember that the term "Nazi" was an abbreviation for "National Socialism".
wikipedia org/wiki/Right-wing_socialism
labrusca10 5 months ago
@DroneFragger Nazi is an acronym for: Nationalsozialistische Deutsche Arbeiterpartei , or in English generally translates to: National Socialist German Workers' Party. Yes you're right, what BS to think that Nazis are socialists, especially when it's in the acronym of Nazi. Learn some history before making such idiotic statements. Better yet, watch this video a few more times with an open mind, you may actually learn something.
biohazard391 4 months ago
@DroneFragger , Up until the end of WW 2 Nazism was considered a Left winged Idealogy and was supported by every leading Progressive of the day in the USA and every program implemented by Hitler was socialist, from free Health Care, Welfare, housing etc, In 1939 Hitler made a speech that used to be here on Youtube were he declared that in everyway, Nazism was just like Communism, and He and Mussilini were both Communists before the Fascist/Nazi Parties were founded.
lowglow63 4 months ago
Great video. :)
god0fgod 5 months ago
Liberty is impossible when we have government secrecy. Liberty can not be true when the State protects secrets. All states secrets must be spilled...
batfly 5 months ago 4
Unfortunately there is always a surfeit of mediocre people in any society who are animated by the success of others. This creates a perfect storm where sleazy self-serving politicians can exploit the emotion of envy and implement silly policies that attempt to be "fair" Witness all the Hollywood glitterati with their millions who push interventionist policies. Human beings only learn by bitter experience.
rickjones53 5 months ago
Ludwig is a G
ronpaulkid 5 months ago
LIBERTARIANMONARCHY . COM
ecnerwal999 5 months ago
rothbard is the scorsese of economics
fender7802 6 months ago 3
@fender7802
lol
seppsters 5 months ago
You have to be a real douche bag to dislike this video.
dutch1999 6 months ago
The best Economic System would be an Economic System, where there's as much Economic Freedom as possible thats well regulated. To prevent and stop people from unfairly abusing each other. Where are taxes are low enough so there's as much Economic Activity as possible. Where people can get the best education they possibly can. So they can get themselves the best education as possible.
FRSFreeStateNow 6 months ago
Mises is a parasite that feeds on the reputations of better economists.
Distortion0 6 months ago
@Distortion0
What totally unsubstantiated nonsense. Mises fought for the truth throughout his life, he was an unrivaled intellectual giant and totally departed from the fashions of the time in his writings.
danmarder1 6 months ago
@danmarder1 What substantiation do you need? "Mises fought for truth." Mises was a paranoid fear-monger against communism. This is the only theme of his work. He literally advocated fascism, so long as it prevented communism. Because of his phobia he's unable to be critical of any system that isn't Bolshevikism. His sophistic, content-less arguments have been used by monopolistic power structures ever since.
Distortion0 6 months ago
@Distortion0
Mises wrote one of the greatest refutations of Fascism in 'Omnipotent Government'. Mises' stand against Socialism was entirely rational. Not only did he formulate the most significant devastating criticisms of Socialism (and first of their kind) in both 1920 and 1922. Sure, he may have regarded Fascism as mildly preferable to socialism, but he ultimately acknowledged that they are both simply two breeds of statism. Contentless? Read the TMC and try to call it contentless
danmarder1 6 months ago
@danmarder1 @danmarder1 Reading 'Omnipotent Government'. It's a long tract of Mises attributing ideas and beliefs to people who held the opposite. For example, Lasalle and Marx disagreed thoroughly. Marx believed that a Capitalist revolution was need before communism and that communism would disestablish the state. Saint Simon, Owen and Fourier largely avoided government aid in founding their Utopias. If I remember right, Owen once acted as an adviser to the government, but that was requested.
Distortion0 6 months ago
@Distortion0
Also, even if his arguments are used by 'monopolistic power structures', this is hardly a refutation. Many practitioners of homeopathy try to use science to falsely validate their claims, this doesn't discredit science, it discredits them.
danmarder1 6 months ago
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theleemeister 6 months ago
People look at Hitler's Germany and probably don't realized Germany was a very cultured and enlightened state. It was not a 3rd world country. Sure, they lost some world wars and there were some extraordinary circumstances. If it could happen there, it can happen in America. Especially if it suffers hyperinflation or something equally catastrophic.
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PRSDNTCRISTINAGRAPPO 6 months ago
The most enjoyable thing about this video is the thought that this conversation took place.
Rothbard: Professor Mises, I hear you're writing a new book. What's it on?
Mises: Everything.
Thumbs up from those who've read Human Action!
Scrufflemut 6 months ago 26
widernesshouter: you are a gentleman!
asmeal01 7 months ago
@asmeal01 Yes! A gentleman and a scholar!
Goodatconnect4 6 months ago
"Socialism" is the strawman used by Economic Feudalists to turn first and second world democracies into third world dictatorships.
Distortion0 7 months ago
Mises was a great libertarian. But Milton Friedman was the greatest!
LogicalFlawDetector 7 months ago
Free Market nonsense. The whole worlds economy almost imploded in 2008 and we would be in a horrible depression if it weren't for big government intervention.
jeatroff 7 months ago
@jeatroff It was big government intervention and social engineering that caused the problem, not the free market. When you have political lackeys running mortgage companies like Fanny Mae and Freddy Mac; you have political friends in the investment banks, and you are pulling these strings to play with the housing market... that's not real capitalism. You can feed me that "It all happened in 2008" crap as much as you want; but that's not the truth, the worlds just not that simple.
wildernessshouter 7 months ago
@jeatroff Big Government caused all of it in the first place, not the free market. We don't live in a capitalist society, on the contrary, we live in a ever growing socialist one. In 1978 the poverty level in China was 29% and in 1998 it was down to 9%. The difference? In 1978 they started to adopt free market capitalist ideals and policies and pulling governments interaction with the economy.
realtheist 7 months ago
@realtheist The "free market" of China is still deeply under the control of the Chinese government. Further, the difference between the current US economy and the "golden ages" of the sixties is that we've now deregulated everything.
Distortion0 7 months ago
@Distortion0 China has tapped into a relatively free market of international trade, and played a simple mercantilist game. That can be achieved with a centrally planned system. However, China will have to continue along the long road of liberal economic reform if it wants to maintain growth. If its present command-corporatist model, with a sprinkle of economic liberty, is kept in place, it will continue its recent gross misallocation of capital and will face an inevitable slowdown.
disdanic 7 months ago
@disdanic This is perfectly reasonable thing to believe. I, as well, have serious doubts that the Chinese system will continue to work once China approaches it's steady state equilibrium. But, it will be interesting to see what happens.
Distortion0 7 months ago
@jeatroff Really? The economies that "almost imploded" were not so free market like! They were state controlled tax based welfare economies! If the big banks would have failed, it would have opened up the markets to smaller more local banks! The market would have adjusted. The bank bailouts were highway robbery and a good example of state capitalism not a free market capitalism!
MrWatchdawg77 7 months ago
I guess we are done?
wildernessshouter 8 months ago
@wildernessshouter Reading Ayn Rand are you? You clearly show in your comment that you understand neither Marx nor Darwin.
Marx was a man of his time and his work has to be read in that context, when working people were basically animals. His fight was a just one and led to working class people having rights and privileges through social welfare which has risen not just their standard of living, but that of the entire world (relatively speaking).
3LARI 8 months ago
@3LARI Marx was a freeloader and a poor excuse for a human being. He was so poor he often pawned his family's clothing. He lived poor because he didn't want to go out and do any real work. His written words are no surprise when you look at the man he was. He kept having kids, even when he couldn't afford to buy medicine for the sick ones he had that died. Is this the sign of a great man? No I have not read any of Ayn Rand's books yet, but I plan to. There where social movements before Marx.
wildernessshouter 8 months ago
If you love liberty, then you should also subscribe to my YouTube channel (GovGaryJohnson) for more libertarian videos!
govgaryjohnson 8 months ago
Milton Friedman, Ludwing Von Mises, Son of a Gun M357
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tanyamuriyan 9 months ago
what is the music at 7:15?
CHARLIE10SHERRARD 9 months ago
Just finished reading his Memoirs... extraordinary man
MrKrismor 9 months ago
Change does not roll in on the wheels of inevitability, but comes through continuous struggle. And so we must straighten our backs and work for our freedom. A man can't ride you unless your back is bent.
Martin Luther King, Jr.
Manchin2be 9 months ago
works if you have money 1billion hungry more than half work for 3 dollars aday or less, 20000+ die everyday of starvation and treatable disease for they have no demand for food and medicine while theres a huge demand for luxury cars in beverly hills - gdp is assumed to be realative to well being but includes overpriced medical care fraudulent debt swaping and private prisons- natural sustainble energy 50,000x more than needed -but we burn dirty fossil fuels -capitalism blows a rbe is the answer
MrIzzyDizzy 10 months ago
After hearing all sorts of ideas, Mises has economics right.
I think Mark and Keynes are embraced by two groups. (1) Weak people (2) People who would exploit weak people.
Those who think free market capitalism is exploitative, are mistaken. It maybe the biggest misconception sold to the public by the establishment. Exploitation only enters the scene alongside government intervention.
No system is perfect, but free markets are the only economic system compatible with freedom.
BlackSheepReport 11 months ago
Economics is a very narrow view of the world imo. It doesn't take into account morality, or wellness. The current economic model that we have maximises profit, as if profit means wellness. What do we really want to achieve and is money a valid measure of success? Is the purpose of life to make as much money as possible? Neoclassical economics views pollution, war, misery, death and destruction as externalities to the market economy and therefor not important to address so long as profits soar!
yozeroz 11 months ago
@yozeroz
From the way in which you speak of profit, I can tell that you don't really understand the Austrian conception of the marketplace.
Entrepreneurship means proactively appraising and choosing between different sets of future conditions, and profit means acheiving one which better satisfies your set of values, whatever those values may be. The marketplace is the compact through which people communicate their preferences, and reconcile them against the inherent scarcity of goods, and -
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PanzerDivisionBOM 10 months ago
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- receive remuneration in proportion to the intensity and efficiency with which their productive activities satisfy the values of their fellows.
Austrianism and Libertarianism deal with negative externalities in the same way as with any other property crime. War is criminal. Pollution is criminal. The environment is a scarce and precious resource, which should be rationed like any other.
Your critique applies to the establishment, and not to Austro-Libertarians such as Mises and Rothbard.
PanzerDivisionBOM 10 months ago
@PanzerDivisionBOM Panzer, it's clear you are just a troll who can't play well with others. You obviously think you're a lot smarter than everyone else. The point you're consistently missing throughout all the arguments you get into and insults you toss out, is that your world is theory...we live in the real world. You're certainly going to reject this, but you're just a garden-variety young punk who reads too much. Your opinions are just other people's ideas which you regurgitate. Get a life
Donnybrook10 8 months ago
@PanzerDivisionBOM the economics of our times is all head and no heart. that's what a lot of modern economists and entrepreneurs don't get. I don't know why the first thing you said is that I don't understand the Austrian conception of the marketplace. We live in the marketplace, we are part of it. That's an understanding greater than any textbook definition, and my understanding comes from observing that life, not textbooks.
yozeroz 10 months ago
@yozeroz
But Austrolibertarians are not advocates of the status quo. We stand for something completely different - a radical departure from the fascism of modern Western democracy, towards emergent order and capitalism. It's not really fair to critique a position based on problems observed you have with an order which is fundamentally incompatible with it.
PanzerDivisionBOM 10 months ago
@PanzerDivisionBOM A radical departure from fascism to capitalism. Sounds radical! I'm just giving my 2 cents for what its worth. I don't think externalities should be dealt with as a crime. To call it a crime is to say that its external to the process itself is a crime imho, things are fundamentally linked and that is the nature of things, natures ecosystem, mans ecosystem. I understand economics more through permaculture than through economics itself.
yozeroz 10 months ago
@yozeroz
Then you don't understand economics at all. It's not about the management of things and the manipulation of numbers and symbols, but about human value judgments, and about the purposeful action of human beings.
PanzerDivisionBOM 10 months ago
@PanzerDivisionBOM It is my opinion that we are loosing a sense of perspective on what our priorities are. I believe that our current economic model and it's focus on GDP as a measure of prosperity is majorly flawed. If you need to support your argument by persisting to say that I don't understand it's kind of a sign that your argument is flawed isn't it? Or perhaps you want to make yourself feel smart by calling me stupid?! :-p
yozeroz 10 months ago
@yozeroz You seem inteligent and I just wanted to get an opinion. Please what would be your opinion of a trickle up economic model compared to a trickle down and how would that change effect society? Thanks.
Masonsky123 10 months ago
@yozeroz
I think our miscommunication reflects more upon my skills as a communicator than upon your intelligence, and I apologize for failing to get the point across.
I completely agree with you that mainstream economics is majorly flawed. Trying to measure the output of such a large aggregate as an entire nation in money terms is fallacious, and imagining that this output always corresponds to the prosperity of the people in this aggregate is another layer of fallacy.
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PanzerDivisionBOM 10 months ago
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Austrians hold to a fundamentally different doctrine. Human value judgments and action is not primarily treated aggregatively and mechanistically, as in the equations of Neoclassicals and Keynesians, but rather individually and dynamically, with each individual acting based upon her own values and assessment of future conditions.
Your critique is brilliant and insightful. It just doesn't apply to the people in the video.
PanzerDivisionBOM 10 months ago
@PanzerDivisionBOM Accepted. Thanks.
I wonder if you read or researched much on Permaculture at all? I mention it because if anything I've really been turned onto in the last year it's been more in permaculture & some of the buddhist principals too. Starting to believe there is something in both that offers a new perspective through more ancient knowledge on what's required and what work's in creating a sustainable and resilient communities.
yozeroz 10 months ago
@yozeroz
I'm reminded of a lyric from an old Vienese song from the Mises circle:
The ways of science provide but a small slice. It alone cannot a nation feed.
If you want to treat people as beings of volition rather than as cattle to be managed, then technical and spiritual knowledge are not sufficient. You need to understand the form of human preference and value judgments, and not just the content, and you need to understand how this information is passed along and acted upon in society.
PanzerDivisionBOM 10 months ago
@PanzerDivisionBOM You need to understand how to grow food locally and sustainably. Simple as. A lot of the world's oil, money and other resources are wasted on monocultural agricultural systems, and its also the cause of the majority of the world's deforestation. You didn't answer my question.
yozeroz 10 months ago
@yozeroz
No, I have very little knowledge of agriculture, because nothing I want to accomplish or understand requires this knowledge. As far as I'm concerned, it's an entrepreneurial problem, and not even a very complicated one relative to things like defense, law and currency.
PanzerDivisionBOM 10 months ago
Comment removed
yozeroz 10 months ago
You seem to be fairly solid in your opinions then. I didn't ask about agriculture mentioned the principles of permaculture as a means for a sustainable society and sustainable food systems and buddhism in terms of having a better sense of morality, compassion and balance to what we do and how govern ourselves. I believe a shift from the focus on things like defense law and currency are required to solve the problem, and a new way of thinking is required to get ourselves out
yozeroz 10 months ago
51 People dislike freedom
cooljj82 1 year ago 16
@cooljj82
They come from Socialist countries.
86nguyenviet 6 months ago
@86nguyenviet make that 57 ppl then...
cooljj82 6 months ago
@cooljj82 That is just unbelievable! I can't believe how stupid some people are.
maidenak 3 months ago
Socialism and Free market are really good systems, perfect if you want, , but the problem is that are not design for humans. All the capitals sins make's this 2 systems criminal injust.
horatrava 1 year ago
OMG!! Stop going on and on about fake stuff.
Talk about growing trees for lumber to build homes. Talk about what government jobs to create using the currency. Talk about what types of clean energy plants we are building. Talk about electric cars. Talk about world problems, how to end that without violence or fighting. Talk about how we approach ending terrorism, "say it straight out"!!! without killing anybody. Talk about technology, medicine, health study advancement.
heartlessvietboy 1 year ago
Why do we even need to go so far as tieing money to a scarcity such as gold? What if we changed money into a representation of labour and time. For ex. We have projects in the community to build better bridges,roads, trains, etc.. We decide what needs to be done and agree on a price and we issue money to the people that produce these goods representing their time/labour resulting in abundance and inflation is not an issue. Abundance is wealth not scarcity!
charronfamilyconnect 1 year ago
@charronfamilyconnect then who or what would determine the value of time and labor. some people think that cleaning a toilet is worth 50 bucks some think its worth 5 bucks.. so your going down a dead end street. wealth has to be tangible. and what better than a precious metal. if we used a combination of the barter system and gold and silver like the world used for thousands of years would be best. as long as the govt keeps out of the economy it will work itself out
sicsempertyrannis187 1 year ago
@charronfamilyconnect , man your ideas are so emotional and naive that I was about to cry...
jflcolmenarejo 11 months ago
@charronfamilyconnect Why don't we just agree on a price and then issue money? Well, what would the price be based on? Would you just invent a new piece of paper and call it a charron dollar? What would a unit of it be worth? Money isn't something that people just decided to do. It is a natural progression from a barter system. It is an indirect medium of exchange that sensibly would have intrinsic value. Having an asset based currency mean real value, not perceived or arbitrary value.
BlackSheepReport 11 months ago
Printing of money is the basic problem of economy.
Serrokot 1 year ago 3
How so?
heartlessvietboy 1 year ago
no one can belive this stuff anymore its as nonsensucal as marxist solutions
rictorn 1 year ago
Socialism is Utopian nonsense. It does not make peoples lives better, it makes everyone equally miserable. In a socialist society a man has no road to realize his dreams, because he is told what his life will be. In a capitalist society he can form a plan; work to finance it, and someday achieve it. By working to achieve his goals, he fuels the engine that allows others to achieve their goals. This is how progress is stimulated. Where in socialism nothing he does makes a difference for him.
wildernessshouter 1 year ago 35
@wildernessshouter That's an extremely facile estimation of socialism and capitalism. Surely you see that deregulated financial systems and corporate influence lead to the elites consolidating wealth and power at the expense of the workers?
Equally, socialism at its most extreme leads to authoritarian dictatorships which have a monopoly on just about everything.
What we need is social democracy. For that to work, people need to get educated and stop spouting reactionary nonsense as you just have
3LARI 8 months ago
@3LARI Socialism is Reactionary. The undereducated worker is told by the socialist that life is unfair, and that socialism will fix it. With the modern availability of information; the worker is undereducated by his/her own fault, and by the nature of his/her shortcoming has less defenses against these falsehoods. This is part of the reason they are a worker in the first place, they are not mentally exceptional among their species. They react with a mob mentality pro socialism. (cont.)
wildernessshouter 8 months ago
@wildernessshouter Again, this is a facile and wholly arbitrary summation of the situation. The vast majority of workers are uneducated because of the very inequality imposed on them by bourgeois monopoly. Conversely, the upper classes of society are better educated, yes, but ask yourself why... It is because they have access to better education because of their class.
The vast majority of the working class are perfectly capable. They are kept in ignorance by design, not through laziness.
3LARI 8 months ago
@3LARI So your argument is that they only react because they are undereducated; and they are only undereducated because someone else made them that way, but not denying the reaction. Who is responsible for your actions? If I see a world with people above me; and I know they are there because they or their family learned how to get there, then could I not set about learning for myself how to get there? Would that not be the smart thing to do? (part 1 of 2)
wildernessshouter 8 months ago
@wildernessshouter " If I see a world with people above me; and I know they are there because they or their family learned how to get there, then could I not set about learning for myself how to get there? Would that not be the smart thing to do?"
Now that is reactionary.
In short, my answer would be "yes"... If, that is, you wish to live in an unequal and unhealthy society where men are reduced to fighting one another rather than working together in the common interest.
3LARI 8 months ago
@3LARI No one will ever know what is in my interest, only I can know that. Can I decide what is best for you? No I can't; neither should I, you are free. Marx called everything he didn't understand reactionary, it's a socialist tradition. All species fight for survival; among themselves and other species, Darwin pointed this out. When you go against that your not helping human evolution at all. There is nothing wrong with healthy competition. Worker already cooperate for a common interest.
wildernessshouter 8 months ago
@wildernessshouter Also, you've mangled Darwin. He clearly shows that far from out-and-out selfishness, the traits that best lead to propagation of a species are those of altruism and co-operation. Those cavemen who hunted alone rather than in groups didn't last very long.
3LARI 8 months ago
@3LARI That is a poor example of competition among species; plenty of things co-operate in groups, and slowly loose their survival skills or are unable to cope with change. How many extinct animals where pack hunters? Only when one among the pack establishes good practices does some follow and survive. The rest die. In capitalism successful individuals survive, while the lesser die. In socialism the lesser mass populate, and the superior are suppressed by mob enforced equality.
wildernessshouter 8 months ago
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sdeevooo 8 months ago
@sdeevooo I'll ignore your uninformed childish insults and just say that all I've been trying to get across is that equality is better for everyone, and that unbridled deregulation and monopoly leads to corporatocracy through concentration of wealth, which, by the way, is similar to the socialist endgame you allude to.
I see you agree that the US has this problem, and I've never professed to being in favour of all-out socialism, so, apart from mindless insults, what's your point exactly?
3LARI 8 months ago
@3LARI (part 2 of 2) People are not created equally; if they where then no one would be born with any kind of defect, they can not judge equally. There are far more people prone to making rash uneducated choices, then there are rational individuals. The majority will not rule in a noble way, they will crush anything they don't understand. The one who can best sway these people feeble minds; will hold power over them, he will be a Hitler a Stalan.
wildernessshouter 8 months ago
This seems to have little to do with a scientific method for human economics (need/production).
Juefawn 1 year ago
This documentary cites September 11th, 1881 as LVM's birthday. Wikipedia states his birthday as being Sept 29th, 1881. ?
freeyourcrt 1 year ago
OMFG ron paul!!!
samm1809 1 year ago
The Gold standard, or something similar to it, will keep people and governments honest and prices and inflation low.
frank47hammer 1 year ago
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Freethinker12341 1 year ago
When is this video from?
LUEDisgruntled27 1 year ago
After reading these comments, I can say that this is the single most polite discussion that has ever graced the Youtube comments section. Maybe you could could start insulting each others' mothers or something along those lines?
jtoon200 1 year ago
Asian women need to be your wife *lushfmlk.info*
MonicaDansonzojoh 1 year ago
so wait, was he a socialist?
Freethinker12341 1 year ago
@Freethinker12341
No. A person who loved Liberty.
sambking 1 year ago
@sambking ya socialists love liberty
Freethinker12341 1 year ago
@Freethinker12341
I think you meant, "Ja," and I hope you are joking.
sambking 1 year ago
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Freethinker12341 1 year ago
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Freethinker12341 1 year ago
@sambking lol, i'm guessing you're a conservative. the way i see we all love freedom. to me its the greatest gift. Hitler loved the freedom he had. what a great feeling to impose your values and freedoms against others. socialism is the idea that everyone has freedom, not just a few people. socialists LIKE it when other people have freedom. conservatives thrive on greed. they don't like to see other people free.they care for #1. they take 90% and leave 10% for everyone else and say tough luck.
Freethinker12341 1 year ago
@Freethinker12341 so you like freedom for the poor but not the rich? socialism is central planning and control where capitalism grants us each the freedom to succeed and fail of our own accord. you can be the greediest person in the world but it will not make you a cent richer. in a free society (must include a free market to be truly free) the consumer is the boss, and if you don't meet his demands you are bankrupt. it's the richest men who employ the most people, raising the standard of living
umbilicaltapeworm 1 year ago
@Freethinker12341 Hitler was a socialist, and practiced quite well. he knew best as far as he and his followers were concerned, who had the right to live and be prosperous. thus his actions were not all that different from other socialist dictators such as Mao and Stalin who were responsible for millions of deaths by starvation and concentration camps. freedom cannot exist without the right to property. is it not greedy to feel entitled to another's wealth merely because they have more than you?
umbilicaltapeworm 1 year ago
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Freethinker12341 1 year ago
@sambking i think your freedom should be taxed. there should be a law passed on you to not allow you to make so much money for no good reason. you should not have the legal right to make too much money. lets get one thing straight, i am a socialist but that does not mean i do not believe in personal responsibility. i just believe that there is no purposeful reason to make so much money, the good that it does for one insignificant homo sapien is NOTHING compared to the harm that it does
Freethinker12341 1 year ago
@Freethinker12341 please tell me you see the contradiction in your statement. in practice, socialism is the complete absence of freedom AND personal responsibility. who decides how much money I can make, what career I will pursue, what house I can live in and where, what substances I can put in my body, what I can say and what I can't? no central planning board, regardless of the intelligence of it's members could ever know the details required to successfully live each of our individual lives.
umbilicaltapeworm 1 year ago
@umbilicaltapeworm when i speak of socialism i'm talking about democratic socialism or social democraticism, not communism
Freethinker12341 1 year ago
@Freethinker12341 they are merely words that describe the same ideas. in the name of progress we are in fact regressing into serfdom through central planning and the degradation of the free market. the argument is always necessity, and rests on good intentions; unlike businessmen who must make decisions based on results, the politician operates solely on a system of popularity. their promises always sound good, but we must consider the cost. is there more to the equation that what we can see?
umbilicaltapeworm 1 year ago
@umbilicaltapeworm no, they are not the same. communism is a totalitarian dictatorship. democratic socialism is not. and democratic socialism is not complete socialism. it is a combination of capitalism and socialism (leaning towards socialism). this what i would like the entire western world to be someday. the free market has no purpose
Freethinker12341 1 year ago
@Freethinker12341 "need now means wanting someone else's money, greed means wanting to keep your own, and compassion is the sentiment of the politician who wants to arrange the transfer." does that sound about right? please explain to me how it is possible to progress beyond freedom (without simultaneously diminishing it) and how this is beneficial to society. is there an example in history of a society that has flourished through the broad economic application of socialism?
umbilicaltapeworm 1 year ago
@umbilicaltapeworm yes, all of the Scandinavian countries are Social Democracies. along with Belgium. I believe France is also a social democracy, its moving more to the right however. The UN recently rated the top best countries to live (based on economic stability, overall happiness, crime rate, etc). Number 1 in 2010 was Denmark. The US did not make the top ten. All of the countries in the top ten were from Europe except for two; New Zealand and Canada.
Freethinker12341 1 year ago
@umbilicaltapeworm one more thing, scandinavian countries are also the most secular. 80% of the people in sweden dont believe in god and 90% accept evolution. the happiest countries in the world are also the most non-religious and socially democratic. there you have it
Freethinker12341 1 year ago
@Freethinker12341 Socialism totally fails because your plan, freethinker12341, will invariably conflict with my plan and I would not abide such a deviation.
herminzissou 1 year ago
@herminzissou lol yes, likely because we both have completely different values and morals probably. you're American I see, I'm Canadian. I'm also an atheist so I base my morality on rational thought, I've learned all of my life lessons from things like English literature, film, science, and philosophy books. Since I dont believe we are put here for any divine purpose I believe in two main things in life: a hedonistic life style and the golden rule. I value nature and taking care of my fellow man
Freethinker12341 1 year ago
@herminzissou all of these values that I have point to one thing: Democratic Socialism because it encourages a simpler lifestyle. Its friendlier to the environment because it simpler, it encourages a simpler life style. capitalism is based on blind egoism (the inner craving to be superior to someone else) its not necessary, and life is FAR more enjoyable when you forget about material possessions and excessive selfinterests and focus more on things like friendship, nature, intellectual interests
Freethinker12341 1 year ago
@herminzissou life is about being here, in this moment, because this moment is all we have. if you think that you're going to get another life after this one, you're wrong. Jesus is not coming, he never came. so you are not entitled to go around putting shit on the earth and complicating life.
Freethinker12341 1 year ago
@Freethinker12341 harm? are you referring to the massive spike in industry and technology since the dawn of capitalism? or perhaps you mean that the resulting rise in the standard of living for workers is caused great harm. there would be no internet, no YouTube, no refrigerators, no cars, no power in our houses, no modern medicine were it not for this beautiful system that allows a man like Henry Ford, with nothing to his name, to "make it" just by making life easier for people. THINK FREEDOM.
umbilicaltapeworm 1 year ago 2
@umbilicaltapeworm Romantacism is not a valid argument.
kingnat2 2 months ago
I don't like basing our most important decisions on market forces.
Markets don't care about the human condition, it seeks only growth and profit margins.
Horribly destructive industries such as war and resource plundering are extraordinarily profitable.
"John D. Rockefeller never killed anyone?!!!!!"
Are you fcking kidding me?
The murderous Rockefellers have been financing wars for over a century...and the Rothschilds for centuries before then.
smujismuj 1 year ago
@smujismuj
rockerfeller is more of an example of fascism -i.e the rich elite colluding with government ...not really a great example of free market....i think that guy is stupid for mentioning rockerfeller in this discussion...free market is about limiting govt intervention period...
rockerfeller is probably pro-socialism because more power to the government means more power to the ppl who control the government - i.e. the rich elites like himself
koala8 5 months ago
Asian wives alone and try to chat her #lushfmlk.info#
jessicakaylai 1 year ago
Depends what you mean by 'free markets' free markets when imports are taken into account are not free. Mises was either a fool or out to destroy the West. Since the idiots made this video capital and jobs have fled the West.
statewithinastateuk 1 year ago
@statewithinastateuk I think he was both.
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Efficacious24 1 year ago
CircleBastiat: you are clouding the simple truth with this Austrian pipe dream. Warren Buffett, one of the richest men in the world, is on my side of the arguement.
Ross Perot, another rich man who had no ax to grind realized that the demise of american manufacturing and middle class prosperity was due to NAFTA and CAFTA and any other bad trade deals that ship jobs overseas. The US is one of the few countries who is not concerned on how trade policy affects employment for it's citizens.
sprink11 1 year ago
What a joke, people! We need some rules for the market to work!! Right now, our middle class is suffering, jobs are moving to China, the gap from rich to poor is widening. Ross Perot was right in '92: Pass free trade agreements and listen to the giant sucking sound of jobs leaving the United States!!! He was right.
sprink11 1 year ago
@sprink11
Your analysis of cause and effect are dismal.
CircleBastiat 1 year ago
what pisses me off is the emphasis on greeeeeeeed as basic to a libertarian economic philosophy why is that a point to make?No bodies greedy we'll all dieing in service of life don't call anyone greedy.I don't have to be greedy to take a completely identical stance and they threw that word in my mouth.
cstlljoey7 1 year ago
As I wade through all of the misinformation that permeates the intellectual and political climate of today, I gratefully honor men like Mises. His practical sensibility and eloquent words act upon my nerves like Mom's chicken soup during a bad flu. When my head is foggy and spirits are low, I open up one of Mises' works and find my relief.
If only there could be 100 Miseses for every Krugman.
CircleBastiat 1 year ago 45
@CircleBastiat Beautifully said!
Artisticer 1 year ago
@CircleBastiat No Mises was wrong.Existing relative price theory,which is designed to explain the allocation of resources among alternative ends and the division of the product among the co-operating resources and which reached almost its present form in Marshall's Principles of Economics,seems to me both extremely fruitful and deserving of much confidence for the kind of economic system that characterises Western nations.Milton Friedman,know to use Neo-classical tool but Mises failed to use it
treddas851 1 year ago
@treddas851 that is a run-on sentence if I've ever seen one. That aside, Austrian economics is not an orthodox school of economics thus it doesn't subscribe to the Neoclassical method of econometrics, indexing, mathematical modeling, etc.
The fact that Mises didn't use a method that he disagreed with is hardly a refutation of his work. You're going to need to provide more of an argument than that.
CircleBastiat 1 year ago