@ssj3jarrod Yeah, that is a problem, but it's even worse on the Keynesian side of the isle. How many people have actually read the writings of John M. Keynes, Irving Fisher, Leon Walras, and the like? Next to none of them, and yet they continue to argue for Keynesian economics. It's silliness on both sides of the isle.
Did I hear "Let Smith's hand" take over. I feel cool actually getting this. School did teach me something. But, i think that if you do leave the free market alone, it will eventually heal.
@dave19941000 Are you shitting me? Would you say Keynesianism have done miracles the last few years? Or for that sake, any other crisis the last 100 years.
Why doesn't anyone mention the 1920-1921 crisis? Maybe because that was the last time we let the markets fix the crisis, and yes, it ended fairly quick. But when the Fed started tweaking in the 1920's to present , all kinds of shit has hit the fan.
@Andersll11 The last time we let the economy try to fix itself it went from ressetion to depression, the government and the fed did not get involved, that is what caused it in the first place. Yes some nations are in dept now, but which is better, being in dept or being in a depression?
@Andersll11 There is still disagreement on what caused the great depression, so looking it up will lead to an argument between keynesians and austrians similar to the one you and dave just had.
Depends where you place your faith, in an economic *system* that has been used (and improved upon) during the last century, or an economic *theory* that has had little (if any) pragmatic application during the same period of time. Either way, both choices have their ups and downs.
@Andersll11 Then please explain the "Bankers Panic of 1907" which led the Congress to the Federal Reserve Act of 1913. Hayek and Freidman ignore politics. Economic conditions don't happen in a vacuum; there are real people and populations that are affected. To an extent all economists operate from an "ivory tower" and their thoughts are theoretical models with numerous assumptions. Every theory advanced by economists should be taken with a grain of salt as it were.
@DAngelo136 Ok, then wouldn't it be a bit bold to jump to the conclusion that the 1907 crisis was caused by the market, and not by trying to control the market? Maybe some fractional reserve banking was involved? That's like pointing a shit loaded cannon at a fan.
@Andersll11 Hey don't take my word for it. Google: "Bankers panic" and you will get articles for 1907 and 2008. One article for it in the Harvard Business School "Historical Collections" website as a matter of fact. I guess the cannon's aim is pretty good.
@InvincibleNumanist They've got a video on here of them talking to Hayek about Keynes, and the guy starts crying when talking about his death. Not the behavior you'd expect if they hated each other.
In order for Dr.Paul to win, HE NEEDS THE PRIMARY. That's the toughest part.
IF YOU WANT TO VOTE IN PRIMARY YOU HAVE TO BE REGISTERED REPUBLICAN! If you don't switch parties in time, (3 months ahead in some states from now) YOU WILL NOT BE ALLOWED TO VOTE!!
Go to BLUEREPUBLICAN(dot)ORG and register ASAP! Copy and paste this everywhere! Thumbs up to help this be on top.
Ummm... just for the record, I gave this video a thumbs-up because it was amusing; not because it was accurate, which is was not. Hayek & the Austrians don't say such things about the poor, and they don't care for most aspects of Reaganomics. The theory is partially correct, and it was certainly better than double-digit inflation and price controls. ...but I'd be hard-pressed to find an Austrian who would have given it his stamp of approval.
Liberty is IMPOSSIBLE while a Central Bank Monopoly with Fiat Debt-Currency & Fractional Reserve Banking promotes Corruption.
The Fed corrupts crony politicians with power to borrow, debase & spend to buy “support” from Special Interest Groups, Unions, “Too Big to Fail” Corporations, the Military-Industrial Complex & Wall Street Cartels.
Central Banking = the Despotism of Central Economic Planning, Political Bribery & Cronyism!
@yakyakyak69 You basically just spouted a sentence full of buzz-words right there. Do you actually even know what fractional reserve banking is? Do you know how long the U.S. has been issuing a fiat currency? What does a central bank monopoly even mean? Liberty in your sense probably means deregulation, which, in fact, was what led us into this financial crisis and growing inequality in the first place, not central banking.
Congratulations on watching zeitgeist and learning all those big words, you must sound smart to people who dont realize youre regurgitating their arguments.
I'm wondering how many here have actually read; Human Action a treatise on economics ? ? ? ?
Then they summarize Austrian economics, laughable...
ssj3jarrod 2 weeks ago
@ssj3jarrod Yeah, that is a problem, but it's even worse on the Keynesian side of the isle. How many people have actually read the writings of John M. Keynes, Irving Fisher, Leon Walras, and the like? Next to none of them, and yet they continue to argue for Keynesian economics. It's silliness on both sides of the isle.
TheManiacalSatanist6 2 weeks ago
Did I hear "Let Smith's hand" take over. I feel cool actually getting this. School did teach me something. But, i think that if you do leave the free market alone, it will eventually heal.
TheFORBEZZZ 3 weeks ago
This was amazing. Thank you, sir.
adsfasdkjfh 4 weeks ago
"for the last time we are not going to exterminate the jews"
made my day
d3ltadrive 1 month ago
I really want to see Adam Smith beat the living shit out of John Keynes.
d3ltadrive 1 month ago 3
Say what you will, at least Keynesian has worked in this far away place called the real world.
dave19941000 1 month ago
@dave19941000 Are you shitting me? Would you say Keynesianism have done miracles the last few years? Or for that sake, any other crisis the last 100 years.
Why doesn't anyone mention the 1920-1921 crisis? Maybe because that was the last time we let the markets fix the crisis, and yes, it ended fairly quick. But when the Fed started tweaking in the 1920's to present , all kinds of shit has hit the fan.
Andersll11 1 month ago
@Andersll11 The last time we let the economy try to fix itself it went from ressetion to depression, the government and the fed did not get involved, that is what caused it in the first place. Yes some nations are in dept now, but which is better, being in dept or being in a depression?
dave19941000 1 month ago
@dave19941000 You should look up the great depression. Calling the great depression a market failure is delusional.
Andersll11 1 month ago
@Andersll11 There is still disagreement on what caused the great depression, so looking it up will lead to an argument between keynesians and austrians similar to the one you and dave just had.
Depends where you place your faith, in an economic *system* that has been used (and improved upon) during the last century, or an economic *theory* that has had little (if any) pragmatic application during the same period of time. Either way, both choices have their ups and downs.
itsthekush 1 month ago
@Andersll11 Then please explain the "Bankers Panic of 1907" which led the Congress to the Federal Reserve Act of 1913. Hayek and Freidman ignore politics. Economic conditions don't happen in a vacuum; there are real people and populations that are affected. To an extent all economists operate from an "ivory tower" and their thoughts are theoretical models with numerous assumptions. Every theory advanced by economists should be taken with a grain of salt as it were.
DAngelo136 3 weeks ago
@DAngelo136 Ok, then wouldn't it be a bit bold to jump to the conclusion that the 1907 crisis was caused by the market, and not by trying to control the market? Maybe some fractional reserve banking was involved? That's like pointing a shit loaded cannon at a fan.
Andersll11 3 weeks ago
@Andersll11 Hey don't take my word for it. Google: "Bankers panic" and you will get articles for 1907 and 2008. One article for it in the Harvard Business School "Historical Collections" website as a matter of fact. I guess the cannon's aim is pretty good.
DAngelo136 3 weeks ago
@Andersll11 i hate to be the one to rain on your parade, but you are NO economist.
blastsummit 1 week ago
Absurdity at its finest.
ArmednSafe 1 month ago
RON PAUL 2012
wallstreetatheist 1 month ago
This has been flagged as spam show
For anyone interested in Austrian economics, I have comedic video series that I am starting which is on my channel. Ron Paul 2012
CommonSenseLako 1 month ago
How do you F up a whole way of economic thinking with one video. Intelligent economic thought as explained by an idiot.
Zooni2 2 months ago 2
rofl I love this xD
Go Austrian ^^
Spjungen 2 months ago
shit video.
Keynes and Hayek were friends...
And Keynes didnt want to exterminate the jews.I do hope to christ this video is a joke.
InvincibleNumanist 2 months ago
@InvincibleNumanist They've got a video on here of them talking to Hayek about Keynes, and the guy starts crying when talking about his death. Not the behavior you'd expect if they hated each other.
Waywardpaladin 2 months ago
yea this is retarded. austrians are not in favor of 'reaganomics'
USTreasuryBond 2 months ago
@USTreasuryBond Austrians are Reaganomics fuckwit.
malkooth 2 months ago
stupid video, keynes and hayek were good friends and I'm not a friend of keynesian economics either but he was definitely no nazi!
EoaD 2 months ago
terrible vid man
VotePaineJefferson 3 months ago
Hahahahahaaa!! WTF????
TairyHesticles1 3 months ago
Comment removed
TheBassPlayerThing 3 months ago
lmao
"What can be done to prevent our great nations from falling into barbarism, from turning into germany in between the walls?"
"Kill the jews"
*Awkward pause*
"NO"
TheBassPlayerThing 3 months ago
•
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It's not enough to say "Vote Ron Paul"
In order for Dr.Paul to win, HE NEEDS THE PRIMARY. That's the toughest part.
IF YOU WANT TO VOTE IN PRIMARY YOU HAVE TO BE REGISTERED REPUBLICAN! If you don't switch parties in time, (3 months ahead in some states from now) YOU WILL NOT BE ALLOWED TO VOTE!!
Go to BLUEREPUBLICAN(dot)ORG and register ASAP! Copy and paste this everywhere! Thumbs up to help this be on top.
▬▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬▬▬▬
anyelina1111 3 months ago 20
Comment removed
1776AM 2 months ago
Comment removed
1776AM 2 months ago
What a pile of crap! (by the way, I am a free-market guy)
andrewhirsch 4 months ago
What complete and utter unadulterated drivel.
thetrueprometheus 4 months ago
japes?
tsharpmac420 5 months ago
Reagonomics was moneytarist, not Austrian inspired.
RealLiveDebates 6 months ago 3
this is not accurate
TheBlitz1 8 months ago
Ummm... just for the record, I gave this video a thumbs-up because it was amusing; not because it was accurate, which is was not. Hayek & the Austrians don't say such things about the poor, and they don't care for most aspects of Reaganomics. The theory is partially correct, and it was certainly better than double-digit inflation and price controls. ...but I'd be hard-pressed to find an Austrian who would have given it his stamp of approval.
gunsandbullhorns 9 months ago
Liberty is IMPOSSIBLE while a Central Bank Monopoly with Fiat Debt-Currency & Fractional Reserve Banking promotes Corruption.
The Fed corrupts crony politicians with power to borrow, debase & spend to buy “support” from Special Interest Groups, Unions, “Too Big to Fail” Corporations, the Military-Industrial Complex & Wall Street Cartels.
Central Banking = the Despotism of Central Economic Planning, Political Bribery & Cronyism!
Watch: “Money as Debt" here on YouTube.
END THE FED!
yakyakyak69 10 months ago 25
@yakyakyak69 You basically just spouted a sentence full of buzz-words right there. Do you actually even know what fractional reserve banking is? Do you know how long the U.S. has been issuing a fiat currency? What does a central bank monopoly even mean? Liberty in your sense probably means deregulation, which, in fact, was what led us into this financial crisis and growing inequality in the first place, not central banking.
Sk0rp10n91 3 months ago
@Sk0rp10n91 Watch: "Money as Debt full version" here on YouTube and learn something for yourself!
yakyakyak69 3 months ago
@yakyakyak69
Congratulations on watching zeitgeist and learning all those big words, you must sound smart to people who dont realize youre regurgitating their arguments.
Asilaydyingfan15 2 months ago
ECONOMIC SNAP!!!
thejohnlennon80 1 year ago