successfulbuild is a moron. We can clearly see that he doesn't even understand the material he's critiquing. I'll take him seriously when he actually starts contributing actual content to YouTube (since this is a vlog community and all), but until then, he's another clown on the internet who likes to think he's winning an argument/debate when nothing could be farther from the truth.
You people do what you want with this idiot. I'm tired of stomping on his carcass.
@TheManiacalSatanist6 Your videos consist of you "calling out" other Youtubers for making accurate statements with retarded, Peter Schiff content, like claiming the US isn't the world's largest manufacturer (it is). Then you turn around and block the users because you are an idiot. And I do have videos up, far more informative than your garbage.
Saying that social sciences are different from the hard sciences does not in any way justify using an a priori methodology. Every single social science is non-axiomatic with the exception of perhaps linguistics and some economics. They are all based on empirical evidence, whereas for Mises/Rothbard history, empirical evidence, and even facts are irrelevant. AE is thus incoherent and a waste of time. Even little Robbie admits the gold standard, praxeology, etc. is outside the mainstream.
@successfulbuild Whether something is outside the mainstream or not doesn't automatically justify writing it off as nonsense. Einstein's Theory of Relativity was outside of the mainstream prior to his proposing it. The fact that the Social Sciences are (currently) empirically based (which was not the case in economics all the way up to the 1950's) are precisely why the Social Sciences are failing miserably at what they do. Modern Sociology is little more than garbage.
@TheManiacalSatanist6 Einstein convinced his colleagues he was correct by the peer-review process. And the social sciences have contributed enormously to the intellectual culture. For instance, psychology has come in a long way in understanding learning and languages; anthropology has made advancements understanding pre-civilization social arrangements, and so on. Computer science draws upon psychology for language design, for instance.
You are so full of crap. You make an ass of yourself, and you get spanked for it, and then you keep coming back for more. Aren't you ashamed of yourself? Jeez...
History, empirical evidence and facts are not "irrelevant" to Mises, nor to Rothbard, nor to any other Austrian Economist. Economic Theorems (like Marginal Utility & Time Preference) are deduced a priori, and then these Economic Theorems are used to EXPLAIN empirical phenomena. Do you understand?
@gunsandbullhorns LOL. He replied to comments of mine from a year ago, and quickly got his ass handed to to him. And you're a 9-11 truther and a global warming denialist. I think we see what kind of morons are involved with Austrian economics. What classes have you taken in logic? None? I'm also going to suggest you don't know that the binary mode of decision making is rejected by most psychologists, and there is virtually no evidence people use MU to make decisions.
@gunsandbullhorns "Nothing can be learned from history." -Mises. And Rothbard and Hoppe have a purely deductive approach to the world, which doesn't "make reference to the facts" or "logical analysis" of any kind. You show that you're not only an uneducated moron, but are ignorant of Austrian economics as well.
@successfulbuild "Nothing can be learned from history." -Mises.
You're quote mining, which is some shit I'd expect from a dumbass Creationist. Mises said that studying history makes one wise, but history can't teach anyone anything about future events because each event in history is heterogenous to itself. Dude, you've practically never read Mises in any serious sense, but you're here critiquing Mises and the Austrian school as if you understand their position better than they do.
@gunsandbullhorns Now you idiots are disparaging the work of social scientists, claiming they are 'failing miserably.' First of all, economics was not "based on purely deductive methods" since the 1950s. Institutional economics is over 100 years old. And neoclassical economics is not based purely on "deductive logic" either. Second, Herbert Simon did more for human knowledge than that idiot Mises ever did.
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Complete idiots attacking things they do not understand.
@successfulbuild If anyone is a complete idiot attacking things they don't understand, it's you. Only someone who doesn't understand the history of economic thought would say that rejection to positivism wasn't the case all the way up until the 1950's.
@TheManiacalSatanist6 I said that economics relied upon empirical evidence and it did. It was not purely "deductive" as you incorrectly stated. Even Jevons and Walras relied upon empirical evidence. In fact, Pareto was an engineer who rejected even natural rights and supported empirical evidence for the social sciences.
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You obviously have never taken an economics course in your life.
@successfulbuild Indeed.. complete idiots attack things they don't understand. Yet, you haven't addressed the issue of 'is it moral to steal from one person to give to another? If so then why? If not then why not? If not then why justify the state?'
Far too tame for what Krugman really is and stands for... Take off the gloves Murph!
Not only is Krugman outright wrong on most things, he's a liar and plays fast and loose with facts that we can all look up and catch him on! He's got current regime wad on his face from the males and inner thigh and yeast burns from the females. Far worse that that warm tingle up the leg of Chris Matthews fame!
Oh god I almost died laughing at this!!!!! This is going to my favorites for sure!!! Oh and of course there is one dislike... it was probably Krugman....
Wow Krugman really is the boogieman for you people isn't he? No wonder he completely ignores you. I'm sure there are plenty of austrians who have a firm grasp of economics and make reasoned critiques of him, but most of you assholes are just parroting drones.
@InvincibleNumanist - He doesn't ignore, he just refuses to debate. He prefers instead to misstate Austrian economics and then win arguments against strawmen.
I can hear a little bit of The Beach Boys, The Cure, and some Morrissey in the vocals to "A tribute to my favorite blogger." I also hear Billy Bragg's voice coming through. Great Job!
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The problem is that economics is too tied up in capitalism, a flawed system that is outcompeted by other modes of production. They need to recognize other forms of trading and institutions. Austrian economics is dead and buried, once neoclassical economics collapses under the weight of all the evidence against it hopefully cooperative economics or something similar picks up and economics can join the rest of the civilized disciplines.
Ironically, you could learn more about economics by studying a trade and learning prices and how the trade functions. These disciplines and fields contribute more to the progress of economics than economics itself, and the government could help stimulate this by giving all the money they waste on economics' departments to poor people, thus stimulating weak demand.
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I've come to the realization that economics is a pseudoscience. Economics wastes billions of dollars in research every year and yet never does anything productive and produces no coherent theorems, but we should expect that of a field that has a double-digit percentage of conservatives in it (rather than 2-3% like in the hard sciences), nature's idiots or "stupid people" as John Stuart Mill liked to call them. It's a welfare program.
It's not a Pseudoscience. It's a Social Science. Economists go wrong when they treat it like a Natural Science, and employ the imperico-inductive method to economic inquiry. Being that every instance in history is heterogeneous, it's silly to believe an economic hypothesis can be verified through "experimentation".
My favourite Economic Theorem is MARGINAL UTILITY. Do you believe Marginal Utility is incoherent?
Oh my gawd... I can't believe successfulbuild is still yammering on like a little bitch! It's like he's that kid in gradeschool who keeps picking fights and getting his ass kicked...
I guess he just enjoys being humiliated, or something. Surely he doesn't believe he's "winning" any arguments here. :|
Mises had to bribe his way to an office at NYU and his position at the University of Vienna was unpaid. His books have never been a standard in economics and never will be, because they were worthless. His only good ideas like that economics is not a science were expressed far better by others such as Wicksell (who came to the conclusion that equilibrium was nonsense) and his pupil Mydral, one of the fathers of Non-Equilibrium and Development and Ecological Economics.
@TheBrotherMouzone Yeah, it's easy to confuse Krugman and me. Apparently we both enjoy punk music, programming, and video games. Austrian schoolers are so astute.
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And Paul Krugman's latest blog post was I believe a piece about how Reaganomics trickledown theories were largely a failure whereas the supposed stagflation of the Carter years wasn't so bad by comparison. That's useful information I need as a rational voter.
@successfulbuild "Mises had to bribe his way to an office at NYU and his position at the University of Vienna was unpaid."
Mises wasn't known in the United States at the time so that's irrelevant, and whether or not his position at the University of Vienna was unpaid is irrelevant. Also, Mises never said that economics wasn't a science, he said that economics is a Social Science and as a result can't be tackled using the same means that the Natural Sciences use. Read some Mises before speaking.
@TheManiacalSatanist6 That's your evidence against my comments? That I need to "read Mises"? Not only has praxeology led nowhere, it is not used in psychology, neuroscience, or any other field. Show these "proofs."
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And you show you're ignorant not only of economics but the social sciences in general. The social sciences do indeed use the scientific method, such as anthropology, for instance. Thus, they use the same means as the hard sciences.
@successfulbuild Yes, and every attempt at using empirical testing in the social sciences has led to some very silly results (look at behaviorism for example).
@successfulbuild "That's your evidence against my comments? That I need to "read Mises"?"
You clearly can't read. You attempted to say that Mises made the claim that economics wasn't a science. In response, I told you to read Mises before speaking, because you don't even understand Mises' position, but yet you're here screaming at the top of your lungs that he was an idiot. That's called being an intellectually dishonest moron.
Btw... Krugman isn't even that far to the left. He supports the neo-liberal agenda for the most part whereas most left economists are against it, etc... Bob Murphy just gets his idiots to "hate" a supposedly far left economists in order to drum up support for the trashy Mises institute website (the vast majority of the people who write articles on that "think tank" don't even have degrees in economics).
This is why all these Rand Paul/Ron Paul retards like JBSCOLORADO and idiots like him are anti-immigration. Immigrants came to this country 40-50 years ago, learned a trade, and now they're pulling down $50 to $60k a year. These Austrian retards sit in their mommies' basements uploading videos about discredited philosophers and economists like Rothbard and Mises and wonder why the Mexicans are taking their jobs. What stupid assholes.
Robert Murphy is a Christian. Christianity has killed 20+ million people (google Victims of the Christian faith.) Amartya Sen estimates that capitalist land owners killed more people in India every 8 years than the Great Leap forward. That's 50+ million people killed. The US has killed about 13 million people in all its wars; Reagan and Nixon were responsible for the deaths of millions for example. Capitalism itself has killed millions.
@successfulbuild Maybe Mises media shouldn't use the "communism has killed 100 million - support Austrian economics" advertisement any more because 1) even the numbers of serious historians don't match up with this and the actual figure is about 50 million that were killed from lack of resources in poverty stricken countries; and 2) because capitalism, Christianity, and conservatism have killed far more people than even the 100 million number.
@JBSCOLORADO2 Yeah I'm a "little bitch" because I don't want to live under Robert Murphy's pseudo-scientific dictatorship of the propertied elite and don't worry about stupid shit like the "New World Order" bullshit idiot "Austrian economists" (who've never even taken an economics class) believe in.
@JBSCOLORADO2 Noam Chomsky has done more for American than the pseudo-intellectuals at the Mises ever have or could even if they wanted to. He based his principles on REAL mathematics and assumptions, instead of the idiotic assumptions of Hoppe, Mises, Rothbard and other idiots who had no training in logic.
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Spare me your conservative cry baby bullshit that we "hate America" - no one cares.
@successfulbuild So, let me get this straight. Noam Chomsky, who is a Linguist and not an Economist, bases "principles" (unspecified by you) on REAL mathematics and assumptions? First of all, what are you defining as a REAL assumption? That is so vague that it can be interpreted as anything. Secondly, you call the "assumptions" (which aren't really assumptions) of Hoppe, Mises, and Rothbard idiotic while providing no evidence to the claim.
@TheManiacalSatanist6 Are you really so dumb that you do not know that linguistics is an inherently mathematical and a priori discipline. There are four fields that use proofs from a priori assumptions: they are linguistics, philosophy, computer science, and mathematics. Chomsky, for instance, did the proofs for Harris' work. Second of all, there can be such things as false assumptions. In mathematics and CS we call them vacuous hypotheses.
@successfulbuild "There are four fields that use proofs from a priori assumptions: they are linguistics, philosophy, computer science, and mathematics."
Add Economics to that list. If you seriously think that economics is an empirical science, then I suggest you look at history. Nearly every single economic prediction made by the positivists over the past 100 years has been dead wrong. They couldn't predict the 1929 crash (Mises did), they couldn't predict the 2008 crash to give two examples.
@TheManiacalSatanist6 You are an imbecile and that is ridiculous. Paul Krugman, Nouriel Roubini, Steve Keen, Dead Baker,Kurt Richebächer, Jens Kjaer Sørensen Hudson (who writes for Counterpunch) and numerous others predicted the real estate bubble.
@successfulbuild And all of them predicted it referencing the same points that the Austrians were referencing as early as 2002. How many Austrian economists got the 2008 crash wrong? As for Paul Krugman, Paul Krugman shouldn't even count because Krugman said that the Federal Reserve should inflate a housing bubble to offset the Tech bubble that had just burst.
@TheManiacalSatanist6 "Krugman said that the Federal Reserve should inflate the housing bubble..." Except he didn't. So you're a liar as well only interested in parroting AE talking points? krugman[dot]blogs[dot]nytimes[dot]com / 2010 / 04 / 05 /me-and-the-bubble/
@TheManiacalSatanist6 Mises never predicted the Great Depression you idiot. Show me where Mises made this prediction; show where he said there would be a depression. He never made this "prediction" formally to other economists. The claim that Mises predicted the collapse of the German mark is also a lie, as shown by his statement "in recent months" in a 1923 paper. He described a past event. Also, Mises predicted collapses which never occurred.
@successfulbuild "Mises never predicted the Great Depression you idiot. Show me where Mises made this prediction; show where he said there would be a depression."
"The Theory of Money and Credit" by Ludwig Von Mises, 1912. Go read it.
"Also, Mises predicted collapses which never occurred."
@successfulbuild What the hell are you talking about with 'He predicted the collapse of the great depression in 1912.' that statement makes absolutely no sense.
@TheManiacalSatanist6 Those fields are based on real logic, such as the lambda calculus for Lisp. Lisp is based on the lambdas, while its fundamental data structure is the cons cell, but it is also based upon the principles of cognitive science, with the specific goal of creating AI (more psychology in CS, then). Other languages are based upon predicate calculus. Austrian economics has nothing to do with actual logic.
Lew Rockwell claims that Bill Gates invented the personal computer. This is a ludicrous assertion and is not true. I've written several histories of the personal computer especially from the first to the fourth generation. (I bet our capitalists here couldn't even define these.) I'm going to challenge Lew Rockwell when I get a moment also I'm going to expose his support of AIDS denialism on Mises media (some of us work for a living and don't live in our mommies' basements).
@successfulbuild Sorry I meant to say "i've written several histories of computers from the first to the fourth generation."
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Anyway keep checking my favorites videos as I have a lot of videos that challenge not just the fallacies of free-market economics but the assumptions of the austrian economists such as that all mathematics is a priori and is basically A = A (a false claim made by someone named "Freiheit" [who claims to be a graduate student]).
Oh yeah, and I've confronted all the spammers - not ONE has a degree in economics.
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At least if you study real economics you can them maybe study a real field like physics or computer science since neoclassical economists stole their equations from physicists. Austrian school of economics is not a serious field of study and is a cult based on "a priori" principles and axioms that have not led to even ONE theorem or proof.
@successfulbuild "Oh yeah, and I've confronted all the spammers - not ONE has a degree in economics."
You have more comments on a video regarding a topic that you claim to hate than anyone else here. You have no room to call anyone a spammer. As for the claim you made about a priori principles and axioms that haven't led to ONE theorem of proof, I'd suggest you look up "Praxeology" and learn what it means before you spew complete nonsense.
Most of the Austrian schoolers - people who follow the Austrian school - are lunatics like JBSCOLORADO2. He isn't even a member of the Birch society he just likes to think that he "fits in" somewhere. The leading spammer at the Mises institute forum works at McDonald's lol. Maybe at McDonald's they're impressed with his knowledge of the world, but I wasn't when I debated him and owned him on the fact that most corporations receive subsidies.
Robert Murphy's followers here on youtube are all idiots. I was debating one who said that robotics doesn't require the assistance of several disciplines. Another one said that physics' experiments take into account all factors, even though controlled experiment means you're eliminating irrelevant factors. Another one claimed that "praxeology" is based on pure principles just like physics, but the standards in physics are man made and are starting points - human action is a fact to be explained
Of course Krugman doesn't care about this humorous video since he is the better economist than this squirrelly looking fat face who writes books such as "The Politically Incorrect Guide to Capitalism."
To those individuals who appear unable to tell, this video is strictly for humorous purposes.
The Austrians spend countless hours discussing serious economic and historical issues. The mountain of information available at the Mises Institute's website bares witness to this statement.
"Keynesians deserve death..." Looks like the Austrian school trolls are making death threats again. Notice how Robert Murphy doesn't even tell his blind and idiotic followers like Nintendomanwill to not make death threats. If you think your threats scare people who believe in the scientific method - you've got another thing coming.
@JBSCOLORADO2 Most of these austrian economists are not capitalists. They are at public universities and so on like Hoppe. Hoppe is such a pathetic intellectual that the University begged him to leave and tried to get him fired several times. Hoppe, being a welfare queen, even accepted the help of the ACLU because he is such a hypocritical asshole who doesn't want to give up his welfare. If I fund universities, I want my money going to productive academics like Chomsky, not Austrian schoolers.
@successfulbuild Umm, yes, so Hoppe worked at a public university. What's your point? How is he contradicting himself? He actually worked for a living (he's retired now as of 2008), so that hardly qualifies as being a welfare queen. Also, UNLV never tried to get Hoppe fired. They issued a nondisciplinary letter to Hoppe with regards to the manner in which he taught his course. Later on, the ACLU defended him and the letter was stricken from his file. Stop spreading false history.
@TheManiacalSatanist6 If Hoppe believed that only markets can set prices why didn't he join the private sector instead of a publicly funded university. And your interpretation of the events is not accurate. They attempted to discipline him and failed, and he tried to extort money from the university for it. Where I come from, sitting on your ass promoting entirely "deductive" methods of economics is not real work.
@successfulbuild First of all, you're the only one misinterpreting the events that happened. You're trying to say that they attempted to discipline him, when the letter that was issued was a NON-disciplinary letter from the Dean of the University. This is available to anyone who bothers to actually look it up. You are attempting to spread blatantly false history in order to defame someone.
What's the point of showing the quote about health care? The right-wing punditoids DID PRONOUNCE health care dead, and it PASSED and will be put into effect. Seems like Krugman is right in his analysis.
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At the Mises Institute they have articles that claim that lots of salt is good for you and that HIV doesn't cause AIDS. Now THAT is stupid. Robert Murphy you are a joke.
@successfulbuild "The right-wing punditoids DID PRONOUNCE health care dead"
And they were right. Instead of getting Healthcare Reform, which would've been either the destruction of private Health Insurance and the shift to a Single Payer system, or the destruction of Medicare/Medicaid and the shift to a Free-Market system, we get a bill that mandates you at the Federal Level to buy PRIVATE health insurance and fines you if you don't.
Maybe if Austrian economists would stop making stupid videos that don't prove anything and only show screenshots of the Mises institute website they would be taken more seriously. What a stupid video from an idiot.
@successfulbuild This video has two purposes. First, it's comedy. It's hilarious. Secondly, it promotes the debate that Robert Murphy challenged Paul Krugman to.
The Earth's temperature may not really be rising like a "hockey stick" (even if Krugman says all skeptics are "traitors"), but government spending sure is. Guess what happens next? (Hint: Weimar Germany, 1923)
This is one of those lame songs that for some reasons you still keep listening to over and over again. I guess it because the song's message is good. The song is still lame though. :D
You guys should actually read the CBO report that made the projections on the screen. The bottom is current law, and the topic is assuming most of the cost savings mesures are repealed and the Bush tax cuts are reinstated for everyone except the very wealthy.
Right. Keynesians do deserve death. I'm a history student and I can tell you surely that they represent a Statolatrist brand of political thought that arguably hasn't been so influential since the Mercantilist 'economists' of the seventeenth century. That C+I+G=Y could have been declared by an 'economist' who understands Maths (Keynes did) is ludicrous since G and private investment are not additive! BUT if we aren't allowed to harm Keynesians, they can't enFORCE their policies-Kantian Ontology!
It's funny but last night I watched Krugman on Charlie Rose (It took all of my willpower not to destroy my TV..) and he dares to talk about how Keynes would have called for deeper/bigger stimulus but the thing is that even Keynes knew there was limits.
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Krugman is just an abject shill for a nonsensical position, a caricature of a Keynesianism gone crazy.
A caricature? Don't forget that Keynes was notoriously unclear on that issue. Since business cycles clearly arise not after some underconsumption and lack of demand but are as the name would suggest to we intuitive simpletons a CYCLE, Keynes did as you say postulate that the 'boom' should be kept from going too far, which is very abstract, compositing fallacious equivocations. No surprise since Keynes ignored how malinvestment arises from inflation DISRUPTING price signals, not 'too much profit'
Seriously, Krugman's comments on Pelosi being the greatest speaker of the House is not insanity but shear stupidity. I would love to debate Krugman in climate and his understanding of mathematics in theoretical modeling. Krugman, economics is not physics or chemistry. It's chaotic for a reason. Now deal with it.
@Zeldovich Actually, I have two bachelors (molecular biology & chemical physics), a Masters(theoretical chemistry), and finishing my doctorate in chemical physics. I've already published two papers. Give me a personal message, and I will give you link. I have another 3 that should be published in the following year.
Economic modeling is pure insanity. An equation can not predict economic outcome. Hasn't quantative financial analysis already proven this?
@Zeldovich Do you understand the scope of what it entails to correctly model a system? As a scientist, I do. I also understand limitations. Modeling works in science because molecules and particles always adhere to pure physics. Humans do not. You can't model the behaviour of millions or billions of people. There are far too many variables. Physicist even realize these problems when it comes to systems that are far too complex.
Krugman is inconsistant, and he thinks he's larger than life.
@Zeldovich You better believe I've used perturbation theory (especially in statistical mechanics). Perturbation theory has proven itself countless times in physics and chemistry. Its application has advanced science greatly. I would say a great deal of research deals with perturbations. However, modeling nonlinear systems is mostly a theoretical excercise. What good is it to have a nonlinear partial differential equation if it can't predict?
I guess you better look at how nonlinear dynamical modeling has advanced volcano predictions, those of ecological systems, and a better understanding of the heart, just to name a few predictive models.
@Zeldovich Correct me if I'm wrong, but don't those systems use experimental time analysis (data collected from observation/ Fourier analysis, gamma function transformations, ... integral transfomrs) in their developement? In addition, how well do those models predict once a varible has been changed. Many times, models work well when they are heavily constrained to a very specified set. This is why so many models evantually behave. The Black Scholes equation comes to mind.
It's not that simple. Why don't you start with one of the more prominent researchers in the field. This guy applies nonlinear dynamics to seismic events, economies, etc.
successfulbuild is a moron. We can clearly see that he doesn't even understand the material he's critiquing. I'll take him seriously when he actually starts contributing actual content to YouTube (since this is a vlog community and all), but until then, he's another clown on the internet who likes to think he's winning an argument/debate when nothing could be farther from the truth.
You people do what you want with this idiot. I'm tired of stomping on his carcass.
TheManiacalSatanist6 2 weeks ago
@TheManiacalSatanist6 Your videos consist of you "calling out" other Youtubers for making accurate statements with retarded, Peter Schiff content, like claiming the US isn't the world's largest manufacturer (it is). Then you turn around and block the users because you are an idiot. And I do have videos up, far more informative than your garbage.
successfulbuild 2 weeks ago
Saying that social sciences are different from the hard sciences does not in any way justify using an a priori methodology. Every single social science is non-axiomatic with the exception of perhaps linguistics and some economics. They are all based on empirical evidence, whereas for Mises/Rothbard history, empirical evidence, and even facts are irrelevant. AE is thus incoherent and a waste of time. Even little Robbie admits the gold standard, praxeology, etc. is outside the mainstream.
successfulbuild 3 weeks ago in playlist Uploaded videos
@successfulbuild Whether something is outside the mainstream or not doesn't automatically justify writing it off as nonsense. Einstein's Theory of Relativity was outside of the mainstream prior to his proposing it. The fact that the Social Sciences are (currently) empirically based (which was not the case in economics all the way up to the 1950's) are precisely why the Social Sciences are failing miserably at what they do. Modern Sociology is little more than garbage.
TheManiacalSatanist6 3 weeks ago
@TheManiacalSatanist6 Einstein convinced his colleagues he was correct by the peer-review process. And the social sciences have contributed enormously to the intellectual culture. For instance, psychology has come in a long way in understanding learning and languages; anthropology has made advancements understanding pre-civilization social arrangements, and so on. Computer science draws upon psychology for language design, for instance.
successfulbuild 2 weeks ago
@successfulbuild
You are so full of crap. You make an ass of yourself, and you get spanked for it, and then you keep coming back for more. Aren't you ashamed of yourself? Jeez...
History, empirical evidence and facts are not "irrelevant" to Mises, nor to Rothbard, nor to any other Austrian Economist. Economic Theorems (like Marginal Utility & Time Preference) are deduced a priori, and then these Economic Theorems are used to EXPLAIN empirical phenomena. Do you understand?
gunsandbullhorns 2 weeks ago
@gunsandbullhorns LOL. He replied to comments of mine from a year ago, and quickly got his ass handed to to him. And you're a 9-11 truther and a global warming denialist. I think we see what kind of morons are involved with Austrian economics. What classes have you taken in logic? None? I'm also going to suggest you don't know that the binary mode of decision making is rejected by most psychologists, and there is virtually no evidence people use MU to make decisions.
successfulbuild 2 weeks ago
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@successfulbuild "LOL. He replied to comments of mine from a year ago, and quickly got his ass handed to to him."
In your delusional world, maybe, but in reality, you don't understand the people or the material you're critiquing.
TheManiacalSatanist6 2 weeks ago 2
@gunsandbullhorns "Nothing can be learned from history." -Mises. And Rothbard and Hoppe have a purely deductive approach to the world, which doesn't "make reference to the facts" or "logical analysis" of any kind. You show that you're not only an uneducated moron, but are ignorant of Austrian economics as well.
successfulbuild 2 weeks ago
This has been flagged as spam show
@successfulbuild "Nothing can be learned from history." -Mises.
You're quote mining, which is some shit I'd expect from a dumbass Creationist. Mises said that studying history makes one wise, but history can't teach anyone anything about future events because each event in history is heterogenous to itself. Dude, you've practically never read Mises in any serious sense, but you're here critiquing Mises and the Austrian school as if you understand their position better than they do.
Moron.
TheManiacalSatanist6 2 weeks ago
@gunsandbullhorns Now you idiots are disparaging the work of social scientists, claiming they are 'failing miserably.' First of all, economics was not "based on purely deductive methods" since the 1950s. Institutional economics is over 100 years old. And neoclassical economics is not based purely on "deductive logic" either. Second, Herbert Simon did more for human knowledge than that idiot Mises ever did.
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Complete idiots attacking things they do not understand.
successfulbuild 2 weeks ago
@successfulbuild If anyone is a complete idiot attacking things they don't understand, it's you. Only someone who doesn't understand the history of economic thought would say that rejection to positivism wasn't the case all the way up until the 1950's.
TheManiacalSatanist6 2 weeks ago
@TheManiacalSatanist6 I said that economics relied upon empirical evidence and it did. It was not purely "deductive" as you incorrectly stated. Even Jevons and Walras relied upon empirical evidence. In fact, Pareto was an engineer who rejected even natural rights and supported empirical evidence for the social sciences.
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You obviously have never taken an economics course in your life.
successfulbuild 2 weeks ago
@successfulbuild Indeed.. complete idiots attack things they don't understand. Yet, you haven't addressed the issue of 'is it moral to steal from one person to give to another? If so then why? If not then why not? If not then why justify the state?'
D34thSetX 5 days ago
Far too tame for what Krugman really is and stands for... Take off the gloves Murph!
Not only is Krugman outright wrong on most things, he's a liar and plays fast and loose with facts that we can all look up and catch him on! He's got current regime wad on his face from the males and inner thigh and yeast burns from the females. Far worse that that warm tingle up the leg of Chris Matthews fame!
AnAmericanFan 1 month ago
How does Murphy plan to show that an alien invasion would not be good for our economy? In other words, Krugman is an ass.
Nature89 1 month ago in playlist Liked videos
@Nature89 The whole regime that he sucks up to call themselves and associate with the ass...
AnAmericanFan 1 month ago
lol 1 dislike, u mad Krugman?
TWSceptic 2 months ago 3
@TWSceptic lmao @ u mad Krugman?
clawtheunconquered 1 month ago
0:13 lol
09jake12 3 months ago
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09jake12 3 months ago
Awesome.
natepepin09 3 months ago
Oh god I almost died laughing at this!!!!! This is going to my favorites for sure!!! Oh and of course there is one dislike... it was probably Krugman....
TheManiacalSatanist6 3 months ago
Wow Krugman really is the boogieman for you people isn't he? No wonder he completely ignores you. I'm sure there are plenty of austrians who have a firm grasp of economics and make reasoned critiques of him, but most of you assholes are just parroting drones.
InvincibleNumanist 4 months ago
@InvincibleNumanist - He doesn't ignore, he just refuses to debate. He prefers instead to misstate Austrian economics and then win arguments against strawmen.
mpc91 1 month ago
Yes thank God it didn't get stupid.
vipero00 1 year ago 2
He's not stupid. He's bought.
The NYT is bought. No Hazlitt can ever call it home, again.
ParrhesiaJoe 1 year ago 2
This comment has received too many negative votes show
Waaaah! Waaaaah! I'm Bob Murphy! Pay attention to me! Waaaaah! Waaaaah!
RBaker1925 1 year ago
I want to fucken bitchslap this ugly little beedy eyes hobit fucker
tehmaks 1 year ago
Eeeeeeeeeeeaaaaaaaaaaaaahhhhhhh!!!! My ears!!!!!!!!!!!!
CurtHowland 1 year ago 2
SEARCH THIS VIDEO ON YOUTUBE:
Murphy-Krugman Debate v3
How much would you pay to see Murphy vs Krugman on Theory of Business Cycle?
GOOGLE IT: Murphy-Krugman Debate | The Point
Omroon 1 year ago 15
@Omroon YESSSSS
VTAcraft 1 year ago
This has been flagged as spam show
I can hear a little bit of The Beach Boys, The Cure, and some Morrissey in the vocals to "A tribute to my favorite blogger." I also hear Billy Bragg's voice coming through. Great Job!
inlawjosiewales 1 year ago
Krugman is one big ass idiot.
TheLiberalssuckdick 1 year ago 6
Why do all of these Keynesian dopes have that gay little beard?
pretorious700 1 year ago 4
@pretorious700 the beards help collect the drool so it doesn't dribble onto their $5,000 suits.
gergenheimer 1 year ago 2
@pretorious700 don't forget the smart glasses.. for those that can't grow a beard.
spyletu 1 year ago
This comment has received too many negative votes show
The problem is that economics is too tied up in capitalism, a flawed system that is outcompeted by other modes of production. They need to recognize other forms of trading and institutions. Austrian economics is dead and buried, once neoclassical economics collapses under the weight of all the evidence against it hopefully cooperative economics or something similar picks up and economics can join the rest of the civilized disciplines.
successfulbuild 1 year ago
Ironically, you could learn more about economics by studying a trade and learning prices and how the trade functions. These disciplines and fields contribute more to the progress of economics than economics itself, and the government could help stimulate this by giving all the money they waste on economics' departments to poor people, thus stimulating weak demand.
successfulbuild 1 year ago
This comment has received too many negative votes show
I've come to the realization that economics is a pseudoscience. Economics wastes billions of dollars in research every year and yet never does anything productive and produces no coherent theorems, but we should expect that of a field that has a double-digit percentage of conservatives in it (rather than 2-3% like in the hard sciences), nature's idiots or "stupid people" as John Stuart Mill liked to call them. It's a welfare program.
successfulbuild 1 year ago
@successfulbuild
It's not a Pseudoscience. It's a Social Science. Economists go wrong when they treat it like a Natural Science, and employ the imperico-inductive method to economic inquiry. Being that every instance in history is heterogeneous, it's silly to believe an economic hypothesis can be verified through "experimentation".
My favourite Economic Theorem is MARGINAL UTILITY. Do you believe Marginal Utility is incoherent?
gunsandbullhorns 1 year ago
@gunsandbullhorns I would give this a thumbs up if I could, because this sums up successfulbuild's silliness perfectly.
TheManiacalSatanist6 3 weeks ago
@TheManiacalSatanist6
Oh my gawd... I can't believe successfulbuild is still yammering on like a little bitch! It's like he's that kid in gradeschool who keeps picking fights and getting his ass kicked...
I guess he just enjoys being humiliated, or something. Surely he doesn't believe he's "winning" any arguments here. :|
gunsandbullhorns 2 weeks ago
Mises had to bribe his way to an office at NYU and his position at the University of Vienna was unpaid. His books have never been a standard in economics and never will be, because they were worthless. His only good ideas like that economics is not a science were expressed far better by others such as Wicksell (who came to the conclusion that equilibrium was nonsense) and his pupil Mydral, one of the fathers of Non-Equilibrium and Development and Ecological Economics.
successfulbuild 1 year ago
@successfulbuild Krugman: Please knock it off and focus instead on writing your next idiotic blog post for NYT.
TheBrotherMouzone 1 year ago 2
@TheBrotherMouzone Yeah, it's easy to confuse Krugman and me. Apparently we both enjoy punk music, programming, and video games. Austrian schoolers are so astute.
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And Paul Krugman's latest blog post was I believe a piece about how Reaganomics trickledown theories were largely a failure whereas the supposed stagflation of the Carter years wasn't so bad by comparison. That's useful information I need as a rational voter.
successfulbuild 1 year ago
@successfulbuild "Mises had to bribe his way to an office at NYU and his position at the University of Vienna was unpaid."
Mises wasn't known in the United States at the time so that's irrelevant, and whether or not his position at the University of Vienna was unpaid is irrelevant. Also, Mises never said that economics wasn't a science, he said that economics is a Social Science and as a result can't be tackled using the same means that the Natural Sciences use. Read some Mises before speaking.
TheManiacalSatanist6 1 month ago
@TheManiacalSatanist6 That's your evidence against my comments? That I need to "read Mises"? Not only has praxeology led nowhere, it is not used in psychology, neuroscience, or any other field. Show these "proofs."
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And you show you're ignorant not only of economics but the social sciences in general. The social sciences do indeed use the scientific method, such as anthropology, for instance. Thus, they use the same means as the hard sciences.
successfulbuild 3 weeks ago in playlist Uploaded videos
@successfulbuild Yes, and every attempt at using empirical testing in the social sciences has led to some very silly results (look at behaviorism for example).
TheManiacalSatanist6 3 weeks ago
@successfulbuild "That's your evidence against my comments? That I need to "read Mises"?"
You clearly can't read. You attempted to say that Mises made the claim that economics wasn't a science. In response, I told you to read Mises before speaking, because you don't even understand Mises' position, but yet you're here screaming at the top of your lungs that he was an idiot. That's called being an intellectually dishonest moron.
TheManiacalSatanist6 3 weeks ago
LOL. "New World Order" bullshit in the "related videos" :)
successfulbuild 1 year ago
Btw... Krugman isn't even that far to the left. He supports the neo-liberal agenda for the most part whereas most left economists are against it, etc... Bob Murphy just gets his idiots to "hate" a supposedly far left economists in order to drum up support for the trashy Mises institute website (the vast majority of the people who write articles on that "think tank" don't even have degrees in economics).
successfulbuild 1 year ago
This is why all these Rand Paul/Ron Paul retards like JBSCOLORADO and idiots like him are anti-immigration. Immigrants came to this country 40-50 years ago, learned a trade, and now they're pulling down $50 to $60k a year. These Austrian retards sit in their mommies' basements uploading videos about discredited philosophers and economists like Rothbard and Mises and wonder why the Mexicans are taking their jobs. What stupid assholes.
successfulbuild 1 year ago
@successfulbuild But you had all of this time to post comment after comment regarding a subject that you don't understand in the least.
TheManiacalSatanist6 1 month ago
Robert Murphy is a Christian. Christianity has killed 20+ million people (google Victims of the Christian faith.) Amartya Sen estimates that capitalist land owners killed more people in India every 8 years than the Great Leap forward. That's 50+ million people killed. The US has killed about 13 million people in all its wars; Reagan and Nixon were responsible for the deaths of millions for example. Capitalism itself has killed millions.
successfulbuild 1 year ago
@successfulbuild Maybe Mises media shouldn't use the "communism has killed 100 million - support Austrian economics" advertisement any more because 1) even the numbers of serious historians don't match up with this and the actual figure is about 50 million that were killed from lack of resources in poverty stricken countries; and 2) because capitalism, Christianity, and conservatism have killed far more people than even the 100 million number.
successfulbuild 1 year ago
@successfulbuild dude, you are such a little bitch. so is the america hating commie noam chomsky.
JBSCOLORADO2 1 year ago
@JBSCOLORADO2 Yeah I'm a "little bitch" because I don't want to live under Robert Murphy's pseudo-scientific dictatorship of the propertied elite and don't worry about stupid shit like the "New World Order" bullshit idiot "Austrian economists" (who've never even taken an economics class) believe in.
successfulbuild 1 year ago
@JBSCOLORADO2 Noam Chomsky has done more for American than the pseudo-intellectuals at the Mises ever have or could even if they wanted to. He based his principles on REAL mathematics and assumptions, instead of the idiotic assumptions of Hoppe, Mises, Rothbard and other idiots who had no training in logic.
_
Spare me your conservative cry baby bullshit that we "hate America" - no one cares.
successfulbuild 1 year ago
@successfulbuild
What exactly does he base on real mathematics and assumptions?
I don't have a problem with 50% of what he says but his social theories are deserving of criticism.
Samsgarden 5 months ago
@successfulbuild So, let me get this straight. Noam Chomsky, who is a Linguist and not an Economist, bases "principles" (unspecified by you) on REAL mathematics and assumptions? First of all, what are you defining as a REAL assumption? That is so vague that it can be interpreted as anything. Secondly, you call the "assumptions" (which aren't really assumptions) of Hoppe, Mises, and Rothbard idiotic while providing no evidence to the claim.
THIS is why people think you're Krugman.
TheManiacalSatanist6 1 month ago
@TheManiacalSatanist6 Are you really so dumb that you do not know that linguistics is an inherently mathematical and a priori discipline. There are four fields that use proofs from a priori assumptions: they are linguistics, philosophy, computer science, and mathematics. Chomsky, for instance, did the proofs for Harris' work. Second of all, there can be such things as false assumptions. In mathematics and CS we call them vacuous hypotheses.
successfulbuild 3 weeks ago in playlist Uploaded videos
@successfulbuild "There are four fields that use proofs from a priori assumptions: they are linguistics, philosophy, computer science, and mathematics."
Add Economics to that list. If you seriously think that economics is an empirical science, then I suggest you look at history. Nearly every single economic prediction made by the positivists over the past 100 years has been dead wrong. They couldn't predict the 1929 crash (Mises did), they couldn't predict the 2008 crash to give two examples.
TheManiacalSatanist6 3 weeks ago
@TheManiacalSatanist6 You are an imbecile and that is ridiculous. Paul Krugman, Nouriel Roubini, Steve Keen, Dead Baker,Kurt Richebächer, Jens Kjaer Sørensen Hudson (who writes for Counterpunch) and numerous others predicted the real estate bubble.
successfulbuild 2 weeks ago
@successfulbuild And all of them predicted it referencing the same points that the Austrians were referencing as early as 2002. How many Austrian economists got the 2008 crash wrong? As for Paul Krugman, Paul Krugman shouldn't even count because Krugman said that the Federal Reserve should inflate a housing bubble to offset the Tech bubble that had just burst.
TheManiacalSatanist6 2 weeks ago
@TheManiacalSatanist6 "Krugman said that the Federal Reserve should inflate the housing bubble..." Except he didn't. So you're a liar as well only interested in parroting AE talking points? krugman[dot]blogs[dot]nytimes[dot]com / 2010 / 04 / 05 /me-and-the-bubble/
successfulbuild 2 weeks ago
@successfulbuild Krugman said specifically that "Greenspan should create a housing bubble to replace the NASDAQ bubble."
stalrunner 5 days ago
@TheManiacalSatanist6 Mises never predicted the Great Depression you idiot. Show me where Mises made this prediction; show where he said there would be a depression. He never made this "prediction" formally to other economists. The claim that Mises predicted the collapse of the German mark is also a lie, as shown by his statement "in recent months" in a 1923 paper. He described a past event. Also, Mises predicted collapses which never occurred.
successfulbuild 2 weeks ago
@successfulbuild "Mises never predicted the Great Depression you idiot. Show me where Mises made this prediction; show where he said there would be a depression."
"The Theory of Money and Credit" by Ludwig Von Mises, 1912. Go read it.
"Also, Mises predicted collapses which never occurred."
Such as? Examples, please.
TheManiacalSatanist6 2 weeks ago
@TheManiacalSatanist6 LOL. He predicted the collapse of the Great Depression in 1912. Who said this? Show the relevant passage.
successfulbuild 2 weeks ago
@successfulbuild What the hell are you talking about with 'He predicted the collapse of the great depression in 1912.' that statement makes absolutely no sense.
D34thSetX 5 days ago
@TheManiacalSatanist6 Those fields are based on real logic, such as the lambda calculus for Lisp. Lisp is based on the lambdas, while its fundamental data structure is the cons cell, but it is also based upon the principles of cognitive science, with the specific goal of creating AI (more psychology in CS, then). Other languages are based upon predicate calculus. Austrian economics has nothing to do with actual logic.
successfulbuild 2 weeks ago
@successfulbuild
That's one spurious piece of coroberating evidence against Robert P Murphy.
Well done.
Samsgarden 5 months ago
Lew Rockwell claims that Bill Gates invented the personal computer. This is a ludicrous assertion and is not true. I've written several histories of the personal computer especially from the first to the fourth generation. (I bet our capitalists here couldn't even define these.) I'm going to challenge Lew Rockwell when I get a moment also I'm going to expose his support of AIDS denialism on Mises media (some of us work for a living and don't live in our mommies' basements).
successfulbuild 1 year ago
@successfulbuild Sorry I meant to say "i've written several histories of computers from the first to the fourth generation."
_
Anyway keep checking my favorites videos as I have a lot of videos that challenge not just the fallacies of free-market economics but the assumptions of the austrian economists such as that all mathematics is a priori and is basically A = A (a false claim made by someone named "Freiheit" [who claims to be a graduate student]).
successfulbuild 1 year ago
Oh yeah, and I've confronted all the spammers - not ONE has a degree in economics.
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At least if you study real economics you can them maybe study a real field like physics or computer science since neoclassical economists stole their equations from physicists. Austrian school of economics is not a serious field of study and is a cult based on "a priori" principles and axioms that have not led to even ONE theorem or proof.
successfulbuild 1 year ago
@successfulbuild "Oh yeah, and I've confronted all the spammers - not ONE has a degree in economics."
You have more comments on a video regarding a topic that you claim to hate than anyone else here. You have no room to call anyone a spammer. As for the claim you made about a priori principles and axioms that haven't led to ONE theorem of proof, I'd suggest you look up "Praxeology" and learn what it means before you spew complete nonsense.
TheManiacalSatanist6 1 month ago
Most of the Austrian schoolers - people who follow the Austrian school - are lunatics like JBSCOLORADO2. He isn't even a member of the Birch society he just likes to think that he "fits in" somewhere. The leading spammer at the Mises institute forum works at McDonald's lol. Maybe at McDonald's they're impressed with his knowledge of the world, but I wasn't when I debated him and owned him on the fact that most corporations receive subsidies.
successfulbuild 1 year ago
@successfulbuild Say it with me, children! AAAAAAAAAAD HOMINEM!
Taiyama2 1 year ago 2
Robert Murphy's followers here on youtube are all idiots. I was debating one who said that robotics doesn't require the assistance of several disciplines. Another one said that physics' experiments take into account all factors, even though controlled experiment means you're eliminating irrelevant factors. Another one claimed that "praxeology" is based on pure principles just like physics, but the standards in physics are man made and are starting points - human action is a fact to be explained
successfulbuild 1 year ago
Of course Krugman doesn't care about this humorous video since he is the better economist than this squirrelly looking fat face who writes books such as "The Politically Incorrect Guide to Capitalism."
successfulbuild 1 year ago
Haha, classy
Lochmere 1 year ago
To those individuals who appear unable to tell, this video is strictly for humorous purposes.
The Austrians spend countless hours discussing serious economic and historical issues. The mountain of information available at the Mises Institute's website bares witness to this statement.
Mechanized0 1 year ago
"Keynesians deserve death..." Looks like the Austrian school trolls are making death threats again. Notice how Robert Murphy doesn't even tell his blind and idiotic followers like Nintendomanwill to not make death threats. If you think your threats scare people who believe in the scientific method - you've got another thing coming.
What a pathetic cult Austrian economics is.
successfulbuild 1 year ago
@successfulbuild both you and krugman are a couple of fagets destroying this great country.
JBSCOLORADO2 1 year ago
@JBSCOLORADO2 Most of these austrian economists are not capitalists. They are at public universities and so on like Hoppe. Hoppe is such a pathetic intellectual that the University begged him to leave and tried to get him fired several times. Hoppe, being a welfare queen, even accepted the help of the ACLU because he is such a hypocritical asshole who doesn't want to give up his welfare. If I fund universities, I want my money going to productive academics like Chomsky, not Austrian schoolers.
successfulbuild 1 year ago
@successfulbuild Umm, yes, so Hoppe worked at a public university. What's your point? How is he contradicting himself? He actually worked for a living (he's retired now as of 2008), so that hardly qualifies as being a welfare queen. Also, UNLV never tried to get Hoppe fired. They issued a nondisciplinary letter to Hoppe with regards to the manner in which he taught his course. Later on, the ACLU defended him and the letter was stricken from his file. Stop spreading false history.
TheManiacalSatanist6 1 month ago
@TheManiacalSatanist6 If Hoppe believed that only markets can set prices why didn't he join the private sector instead of a publicly funded university. And your interpretation of the events is not accurate. They attempted to discipline him and failed, and he tried to extort money from the university for it. Where I come from, sitting on your ass promoting entirely "deductive" methods of economics is not real work.
successfulbuild 3 weeks ago in playlist Uploaded videos
@successfulbuild First of all, you're the only one misinterpreting the events that happened. You're trying to say that they attempted to discipline him, when the letter that was issued was a NON-disciplinary letter from the Dean of the University. This is available to anyone who bothers to actually look it up. You are attempting to spread blatantly false history in order to defame someone.
What's that saying? "Phail propaganda is phail"?
TheManiacalSatanist6 3 weeks ago
Bob, fyi - someone called The Buckinghams has ripped you off already.
libertopian 1 year ago
What's the point of showing the quote about health care? The right-wing punditoids DID PRONOUNCE health care dead, and it PASSED and will be put into effect. Seems like Krugman is right in his analysis.
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At the Mises Institute they have articles that claim that lots of salt is good for you and that HIV doesn't cause AIDS. Now THAT is stupid. Robert Murphy you are a joke.
successfulbuild 1 year ago
This has been flagged as spam show
@successfulbuild "The right-wing punditoids DID PRONOUNCE health care dead"
And they were right. Instead of getting Healthcare Reform, which would've been either the destruction of private Health Insurance and the shift to a Single Payer system, or the destruction of Medicare/Medicaid and the shift to a Free-Market system, we get a bill that mandates you at the Federal Level to buy PRIVATE health insurance and fines you if you don't.
TheManiacalSatanist6 1 month ago
Maybe if Austrian economists would stop making stupid videos that don't prove anything and only show screenshots of the Mises institute website they would be taken more seriously. What a stupid video from an idiot.
successfulbuild 1 year ago
@successfulbuild This video has two purposes. First, it's comedy. It's hilarious. Secondly, it promotes the debate that Robert Murphy challenged Paul Krugman to.
TheManiacalSatanist6 1 month ago
Is Lew Rockwell going to sing us a song next?
BlueRaven89 1 year ago
ugh. make it stop. lol
thejobloshow 1 year ago
Fuck you Kruger Booger!
LeifEiriksson 1 year ago
Comment removed
TheBrotherMouzone 1 year ago
By the way, can someone explain to me that debt graph? What is that supposed to illustrate in this Krugman context?
TheBrotherMouzone 1 year ago
@TheBrotherMouzone
The Earth's temperature may not really be rising like a "hockey stick" (even if Krugman says all skeptics are "traitors"), but government spending sure is. Guess what happens next? (Hint: Weimar Germany, 1923)
jdg241 1 year ago 7
This is one of those lame songs that for some reasons you still keep listening to over and over again. I guess it because the song's message is good. The song is still lame though. :D
TheBrotherMouzone 1 year ago
You guys should actually read the CBO report that made the projections on the screen. The bottom is current law, and the topic is assuming most of the cost savings mesures are repealed and the Bush tax cuts are reinstated for everyone except the very wealthy.
crambo0349 1 year ago
Krugman FAILS.
TheBrotherMouzone 1 year ago
my parents taught me not to make fun of retards...
oiuoiu988 1 year ago 91
@BobMurphyAncap Did you sing this yourself?
capitalist4life 1 year ago
I hope Krugman is very slowly and painfully tortured for what he has done to this nation. Him and all the other Keynesian morons.
kmg501 1 year ago 7
Right. Keynesians do deserve death. I'm a history student and I can tell you surely that they represent a Statolatrist brand of political thought that arguably hasn't been so influential since the Mercantilist 'economists' of the seventeenth century. That C+I+G=Y could have been declared by an 'economist' who understands Maths (Keynes did) is ludicrous since G and private investment are not additive! BUT if we aren't allowed to harm Keynesians, they can't enFORCE their policies-Kantian Ontology!
Nintendomanwill 1 year ago
@Nintendomanwill
It's funny but last night I watched Krugman on Charlie Rose (It took all of my willpower not to destroy my TV..) and he dares to talk about how Keynes would have called for deeper/bigger stimulus but the thing is that even Keynes knew there was limits.
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Krugman is just an abject shill for a nonsensical position, a caricature of a Keynesianism gone crazy.
kmg501 1 year ago
A caricature? Don't forget that Keynes was notoriously unclear on that issue. Since business cycles clearly arise not after some underconsumption and lack of demand but are as the name would suggest to we intuitive simpletons a CYCLE, Keynes did as you say postulate that the 'boom' should be kept from going too far, which is very abstract, compositing fallacious equivocations. No surprise since Keynes ignored how malinvestment arises from inflation DISRUPTING price signals, not 'too much profit'
Nintendomanwill 1 year ago
you should have said: "pwned you" LOL! that would have worked even better!
return135 1 year ago
I lug you, Krugman. haha :D
ipwnallnubscuzirock 1 year ago
Krugman is FAIL.
Seriously, Krugman's comments on Pelosi being the greatest speaker of the House is not insanity but shear stupidity. I would love to debate Krugman in climate and his understanding of mathematics in theoretical modeling. Krugman, economics is not physics or chemistry. It's chaotic for a reason. Now deal with it.
1czelaya 1 year ago 54
@1czelaya
He was one of the pioneers in New Trade theory. What have you done? Give me a link to a seminal paper you've authored.
Zeldovich 1 year ago
@Zeldovich Actually, I have two bachelors (molecular biology & chemical physics), a Masters(theoretical chemistry), and finishing my doctorate in chemical physics. I've already published two papers. Give me a personal message, and I will give you link. I have another 3 that should be published in the following year.
Economic modeling is pure insanity. An equation can not predict economic outcome. Hasn't quantative financial analysis already proven this?
1czelaya 1 year ago
@Zeldovich Do you understand the scope of what it entails to correctly model a system? As a scientist, I do. I also understand limitations. Modeling works in science because molecules and particles always adhere to pure physics. Humans do not. You can't model the behaviour of millions or billions of people. There are far too many variables. Physicist even realize these problems when it comes to systems that are far too complex.
Krugman is inconsistant, and he thinks he's larger than life.
1czelaya 1 year ago 8
@1czelaya
Tell me,... Are you capable of modeling nonlinear dynamical systems, or do you slum with perturbation theory, focusing primarily on limiting cases?
Zeldovich 1 year ago
@Zeldovich You better believe I've used perturbation theory (especially in statistical mechanics). Perturbation theory has proven itself countless times in physics and chemistry. Its application has advanced science greatly. I would say a great deal of research deals with perturbations. However, modeling nonlinear systems is mostly a theoretical excercise. What good is it to have a nonlinear partial differential equation if it can't predict?
1czelaya 1 year ago
@1czelaya
I guess you better look at how nonlinear dynamical modeling has advanced volcano predictions, those of ecological systems, and a better understanding of the heart, just to name a few predictive models.
Zeldovich 1 year ago
@Zeldovich Correct me if I'm wrong, but don't those systems use experimental time analysis (data collected from observation/ Fourier analysis, gamma function transformations, ... integral transfomrs) in their developement? In addition, how well do those models predict once a varible has been changed. Many times, models work well when they are heavily constrained to a very specified set. This is why so many models evantually behave. The Black Scholes equation comes to mind.
1czelaya 1 year ago
@1czelaya Sorry, I meant that's why so many models evantually fail.
1czelaya 1 year ago
This has been flagged as spam show
@1czelaya
It's not that simple. Why don't you start with one of the more prominent researchers in the field. This guy applies nonlinear dynamics to seismic events, economies, etc.
books.google com/books?hl=en&lr=&id=DsZhcDruqZwC&oi=fnd&pg=PA1&dq=V.I.+Keilis-Borok,+A.A.+Soloviev,+eds.,+Nonlinear+Dynamics+of+the+Lithosphere+and+Earthquake+Predic-tion.+Springer-Verlag,+Berlin-Heidelberg,+2003&ots=vQZ_qKkIS9&sig=bpwaE-TWzoreSMH9bPrZHWly2xo#v=onepage&q&f=false
Zeldovich 1 year ago