Epic fail. Seriously, whoever made this video should be embarrassed. If you hold the positivist view, you fail to understand some basic concepts. 1. You cannot possibly control all the variables in an economy 2. Human behavior is subjective and can change. 3. A simple confirmation of a hypothesis does not mean that the hypothesis is verified. You have not addressed these issues, Instead you just ramble on about the Austrian view being the same as religion.And logic does not prove god you dumbass
Most "Mainstream Scientists" understand that the Scientific Method of the Natural Sciences works because there are constants in physical phenomena that can be (meaningfully) quantified, and that it's possible to deduce these constants through repeated experiments. Being able to do controlled experiments in a laboratory environment also helps a lot.
If anybody can name any meaningfully quantifiable constant that has been discovered regarding economic phenomenon, then please tell me.
ludwig von mises, rothbard, hayek, et. al., in the austrian school of economics were funded solely by contributions from the william volker fund and rockefeller foundation. look it up at mises.org. rothbard and other austrians admit they're a bunch of banker-funded stooges engaged in the art of funded bull crap, praxeology;.
@jeepndesert Bla bla bla :) All talk, no references, no quotes no nothing. Typical of the AMI-supporter i might add. Oh and tell me, how do you think the Volker fund and the Rockefeller foundation financed Mises when he was living in Austria? :)
Again, thank you for illustrating the intellectual level of the AMI-people. It makes our case so much easier.
a more elegant solution is to use free market principles. since everyone owns an equal share of the earth, land rents (and rents on natural resources) should be collected by the state and distributed to all citizens of the state in equal amounts. everyone pays rent to everyone. that is true capitalism. anarcho-capitalism is socialism and a distortion of the free market.
Only a socialist would have the audacity to call anarcho-capitalists "far right", if we are far right then you are far left sitting next to Stalin and Mao.
I can't take any more of this bullshit. The scientific method works on economics, but only up to a point. Sure, you can predict how the value of a specific value of currency, or how market players interact, but most people want to know what system works "best". The problem with that is there is no objective way to determine what is "best". Socialists favor equailty, capitalists tend to favor freedom. Different schools argue from deontology, consequentialism, natural rights, etc.
@Houshalter How does the methodology of the natural sciences work on economics? You can't predict the specific value of a currency and certainly not how market players interact. That's the whole point. That is why the econonmy can't be managed. That is why we need to let the markets be free and allow the actors to interact as they will. With free markets, there is no "right" or "wrong" result, there is only result. The less management and central planning we have, the better the system works.
@vindician, I totally agree. I was just making a point of how the scientific method doesn't apply in this sense because it comes down to subjective arguments on morality.
The scientific method applied to economics would mean making accurate models about patterns observed in the markets, the effects of certain situations, etc, not "this system is clearly *better* then this one."
@vindician There are attempts to make economics more scientific primarily through the development of fields like behavioral economics, neuroeconomics, and complexity economics. We'll see how successful these attempts are, but currently I'm less than impressed with the scientific rigor of mainstream economics.
@jeepndesert, the simplest model is usually the correct one. All other schools of thought have to make assumptions of some kind about all sorts of arbitrary things, and this leads to inconsistencies and increasing complexity. It's kind of like when scientists assumed the Earth was the center of the universe, and the models of the paths of orbits became ridiculously complex, with circles within cirles, etc. All until someone had the courage to question authority and place the sun in the center.
under the austrian school of economics, you have to first pay rent to the bankers to be on the land, then, you have to pay a toll to the bankers to travel on the land to find a stick. then, you have to borrow gold from the banker to purchase the stick. then, you can engage in anarchy and beat anyone over the head with it. you just have to beware the bankers have an army with bigger sticks.
austrians also believe in this concept called anarchy or free markets. they believe in the perpetual engine. yet, they don't even appreciate some basic realities that land is not produced with human labor, and we all need land. they believe land is like any other commodity. they believe really productive people or really good thieves like bankers should be able to buy up all the land and make everyone their slaves.
@jeepndesert as long as there are sticks, stones, fists, teeth, or a person to brow beat, there is no such thing as anarchy. anarchy ceased to exist when eve joined adam in the garden of eden.
@jeepndesert Hyper-inflation will hit the US if they keep printing money. The fact that land is not "produced" has nothing to do with the existence of free markets. Free market is about free trade and freedom of contract, the absence of govt. intervention. Land is not a commodity, it is a factor of production. None have been so critical of the banking system as the Austrians.
@TheAgnosticInfidel Many seem to think that but I doubt the US will be that lucky. With constant money printing from the Fed, with trillions of dollars in "excess reserves" and with ever growing deficits, deflation doesn't really seem very likely. But time will tell on that one.
@vindician wow, put down the kool aid and detox. you can't think clearly. i use to be like you. i was a brainwashed parrot of mises dot org and their rockefeller foundation, william volker fund, and bilderberg peter thiel and his spokesperson on television ron benedict arnold paul propaganda. land is more than a factor of production. it is necessary to secure life and and the right to own your production. land is the most fundamental inalienable right of humans.
@jeepndesert You obviously know nothing about Austrian Economics or anything they advocate. And since you don't, how about asking about it instead of making this ridiculous and demonstrably false claims? What is it with "critics" of the Austrian School that they can never take the debate, they always have to resort to lies and distortion. Is this really the best you can do? If so, you have no business even mentioning the word "scientific".
@vindician i read human action. i use to vist mises org and lew rockwell daily. i even donated time and money to the fraud. soros even donates directly to the fraud and indirectly through the church of scientology. i was a card-carrying member. the austrian school of economics are a bunch of banker-funded c*ck blockers, blocking the understanding of classical liberalism.
@vindician i took experimental science courses in college and use to write technical documents and review them. it is pretty lame that you can only resort to logical fallacy by trying to attack me rather than do your duty to check what i'm saying instead of just giving knee-jerk ad hominem rebuttals of calling me a liar. you're dishonest. you're so brainwashed that you no longer want to better understand things. you want to spend your days trying to twist reality to your over-simplified model.
@jeepndesert You remind me of a funny loon called Keith Gardner. Ah well, ipeople like you really makes the case for the Austrian School so much easier. We hardly need to make an argument anymore. All we need to do is to point to people like you, Bernanke, Zarlenga, or any other crack pot of your choice and say:
"Do you really want to be associated with loons like that?"
Any clear thinking individual says no, and their number is growing fast. So thanks for the help :)
@vindician you remind of the idiots who share the same brain in the austrian school of economics, the same brain handed them by the rockefeller foundation and william volker fund. you're brainwashed by the globalists and bankers to block true understanding of classical economics. you're in the false banker/globalist paradigm of marx, keynes, and mises. i'm a true classical liberal. you're a brainwashed idiot. you don't understand the first thing about classical liberalism.
@jeepndesert Haha, you're hilarious! Keep it coming, a laugh is never wasted!
And oh, could you perhaps point to a book, article, interview or even a quote by an Austrian that gives support to the present banking and monetary system? Since they are all bought and paid for, it should be very easy to find. So please, give me a few examples. As for classical liberalism, Mises was the greatest example of a classical liberal of the 20th century. I myself prefer anarcho-capitalism though.
@vindician i don't support marx, keynes, nor mises. i support classical liberalism. i point to article 1.8 of the constitution, adam smith, henry george, ricardo, john locke, albert j. nock, thomas jefferson, thomas paine, lincoln, the holy bible (lev, ecc, matt), caesar, edison, einstein, aristotle, and others. you point to neo-classical frauds funded by globalists at the united nations, world bank, imf, and federal reserve.
@jeepndesert You don't know what classical liberalism is. Nor do you know anything about the Austrian school. As a typical AMI-supporter, you know nothing about anything. Lincoln and Jefferson? They were each other's polar opposites. Adam Smith was a rip off, taking credit for the work done by Ricardo among others. Caesar was a despot. And what the hell does the Bible have to do with anything? Simply laughable.
@vindician i don't support the original federal reserve (the gold standard) nor the current one. i believe in constitutional money printed and spent into circulation by the congress in lieu of taxation or borrowing, who has the duty to coin (which according to the federalist papers also means to print) and regulate the value (control for inflation and deflation). i don't believe in usury, interest-bearing money, fractional reserve banking where money is printed by private banks (current system).
i also point to bill still, ellen brown, f.m. fogg, stephen zarlenga, fred harrison, and many others who believe in debt-free money. i don't believe in deflationary gold and free market currencies (thoroughly debunked by adam smith and banned by the constitution in article 1.10). i believe money is a legal instrument, a creature of the state. i don't believe money is a commodity. it isn't something to be "produced" by punching numbers up on a computer by private banks under frb.
you can "believe" in banker and globalist funded propaganda all you want. you've been proven wrong. the gold standard caused the great depression. great minds like edison and einstein even disagree with you. you're the definition of FOOL because you drink the KOOL AID of bankers and the united nations.
@jeepndesert but i know your type. you're a welfare queen. you want a free lunch by having government declare gold as money and by having government write fiction granting you the ability to monopolize all the land and natural resources. you want to get wealthy by doing nothing but owning the fruits of god's labor, land and gold. you're a welfare queen. you're a communist. you're a aristocrat feudalistic tyrant. you're a piece of trash.
@jeepndesert Yeah, that makes sense. As an anarcho-capitalist who has repeatedly called for market based currencies, I of course want the govt. to declare gold as money. And I want welfare too. Then I'm both a communist and an aristocrat tyrant. You AMI-boys really know how to run off a rant, I have to give you that. I guess that compensates for your complete lack of knowledge about anything, like the "gold standard caused the Great Depression". That is the best you can do I guess. Pathetic.
@jeepndesert, by buying up all the land, they in turn loose all their wealth and everyone else becomes vastly rich.
You're right, land is not produced by labor. That is why the rightful way to obtain property if not through trade is through homesteading, or being the first to occupy it and use it in a productive way, as opposed to what governments do which is planting a flag and calling dibs.
@Houshalter a more elegant solution is to use free market principles. since everyone owns an equal share of the earth, land rents (and rents on natural resources) should be collected by the state and distributed to all citizens of the state in equal amounts. everyone pays rent to everyone. that is true capitalism. anarcho-capitalism is socialism and a distortion of the free market.
@jeepndesert, everyone does not own an equal share of the earth. If I invest my time, energy, and talents into an uninhabitted, unclaimed plot of land, it becomes mine. You own what you use, and if you don't use it you have no legitimate claim to it like "rent". Besides, homesteading rights generally only apply to a new economy or industry. In a society like ours, who owns what has all been sorted out by now.
The Austrians have been proven right time and time again over the last century, while mainstream economists have been wrong at every turn. How about that for empiric data? Also, Austrians put great emphasis on history, so the most of this so called critique is completely inaccurate. Austrians deduct economic law from known axioms such as humans act and every act is purposeful. It is pretty telling that the AMI has nothing better to offer than garbage such as this.
This is false argument against Austrian economics for the very simple reason that empiricism requires the use of controlled experiments. As it is impossible to conduct controlled experiments in economics, the method is not applicable. Also, there are several scientific methods, not just one. Someone who doesn't even know that much about science has no business criticizing an entire scientific school.
Epic fail. Seriously, whoever made this video should be embarrassed. If you hold the positivist view, you fail to understand some basic concepts. 1. You cannot possibly control all the variables in an economy 2. Human behavior is subjective and can change. 3. A simple confirmation of a hypothesis does not mean that the hypothesis is verified. You have not addressed these issues, Instead you just ramble on about the Austrian view being the same as religion.And logic does not prove god you dumbass
09jake12 1 month ago
Most "Mainstream Scientists" understand that the Scientific Method of the Natural Sciences works because there are constants in physical phenomena that can be (meaningfully) quantified, and that it's possible to deduce these constants through repeated experiments. Being able to do controlled experiments in a laboratory environment also helps a lot.
If anybody can name any meaningfully quantifiable constant that has been discovered regarding economic phenomenon, then please tell me.
gunsandbullhorns 9 months ago
That was a horrible critique.
KenMacMillan 9 months ago
ludwig von mises, rothbard, hayek, et. al., in the austrian school of economics were funded solely by contributions from the william volker fund and rockefeller foundation. look it up at mises.org. rothbard and other austrians admit they're a bunch of banker-funded stooges engaged in the art of funded bull crap, praxeology;.
jeepndesert 1 year ago
@jeepndesert Bla bla bla :) All talk, no references, no quotes no nothing. Typical of the AMI-supporter i might add. Oh and tell me, how do you think the Volker fund and the Rockefeller foundation financed Mises when he was living in Austria? :)
Again, thank you for illustrating the intellectual level of the AMI-people. It makes our case so much easier.
vindician 1 year ago
This has been flagged as spam show
a more elegant solution is to use free market principles. since everyone owns an equal share of the earth, land rents (and rents on natural resources) should be collected by the state and distributed to all citizens of the state in equal amounts. everyone pays rent to everyone. that is true capitalism. anarcho-capitalism is socialism and a distortion of the free market.
jeepndesert 1 year ago
Only a socialist would have the audacity to call anarcho-capitalists "far right", if we are far right then you are far left sitting next to Stalin and Mao.
Hashishin13 1 year ago
I can't take any more of this bullshit. The scientific method works on economics, but only up to a point. Sure, you can predict how the value of a specific value of currency, or how market players interact, but most people want to know what system works "best". The problem with that is there is no objective way to determine what is "best". Socialists favor equailty, capitalists tend to favor freedom. Different schools argue from deontology, consequentialism, natural rights, etc.
Houshalter 1 year ago
@Houshalter How does the methodology of the natural sciences work on economics? You can't predict the specific value of a currency and certainly not how market players interact. That's the whole point. That is why the econonmy can't be managed. That is why we need to let the markets be free and allow the actors to interact as they will. With free markets, there is no "right" or "wrong" result, there is only result. The less management and central planning we have, the better the system works.
vindician 1 year ago
@vindician, I totally agree. I was just making a point of how the scientific method doesn't apply in this sense because it comes down to subjective arguments on morality.
The scientific method applied to economics would mean making accurate models about patterns observed in the markets, the effects of certain situations, etc, not "this system is clearly *better* then this one."
Houshalter 1 year ago
@vindician There are attempts to make economics more scientific primarily through the development of fields like behavioral economics, neuroeconomics, and complexity economics. We'll see how successful these attempts are, but currently I'm less than impressed with the scientific rigor of mainstream economics.
TheAgnosticInfidel 1 year ago
@Houshalter austrians try to impose a simple model upon reality and the model is wrong. freedumb is different from freedom.
jeepndesert 1 year ago
@jeepndesert, the simplest model is usually the correct one. All other schools of thought have to make assumptions of some kind about all sorts of arbitrary things, and this leads to inconsistencies and increasing complexity. It's kind of like when scientists assumed the Earth was the center of the universe, and the models of the paths of orbits became ridiculously complex, with circles within cirles, etc. All until someone had the courage to question authority and place the sun in the center.
Houshalter 1 year ago
This has been flagged as spam show
under the austrian school of economics, you have to first pay rent to the bankers to be on the land, then, you have to pay a toll to the bankers to travel on the land to find a stick. then, you have to borrow gold from the banker to purchase the stick. then, you can engage in anarchy and beat anyone over the head with it. you just have to beware the bankers have an army with bigger sticks.
jeepndesert 1 year ago
Comment removed
jeepndesert 1 year ago
austrians also believe in this concept called anarchy or free markets. they believe in the perpetual engine. yet, they don't even appreciate some basic realities that land is not produced with human labor, and we all need land. they believe land is like any other commodity. they believe really productive people or really good thieves like bankers should be able to buy up all the land and make everyone their slaves.
jeepndesert 1 year ago
@jeepndesert as long as there are sticks, stones, fists, teeth, or a person to brow beat, there is no such thing as anarchy. anarchy ceased to exist when eve joined adam in the garden of eden.
jeepndesert 1 year ago
@jeepndesert Hyper-inflation will hit the US if they keep printing money. The fact that land is not "produced" has nothing to do with the existence of free markets. Free market is about free trade and freedom of contract, the absence of govt. intervention. Land is not a commodity, it is a factor of production. None have been so critical of the banking system as the Austrians.
vindician 1 year ago
@vindician We're more likely to get deflation than hyperinflation.
TheAgnosticInfidel 1 year ago
@TheAgnosticInfidel Many seem to think that but I doubt the US will be that lucky. With constant money printing from the Fed, with trillions of dollars in "excess reserves" and with ever growing deficits, deflation doesn't really seem very likely. But time will tell on that one.
vindician 1 year ago
@vindician wow, put down the kool aid and detox. you can't think clearly. i use to be like you. i was a brainwashed parrot of mises dot org and their rockefeller foundation, william volker fund, and bilderberg peter thiel and his spokesperson on television ron benedict arnold paul propaganda. land is more than a factor of production. it is necessary to secure life and and the right to own your production. land is the most fundamental inalienable right of humans.
jeepndesert 1 year ago
@jeepndesert You obviously know nothing about Austrian Economics or anything they advocate. And since you don't, how about asking about it instead of making this ridiculous and demonstrably false claims? What is it with "critics" of the Austrian School that they can never take the debate, they always have to resort to lies and distortion. Is this really the best you can do? If so, you have no business even mentioning the word "scientific".
vindician 1 year ago
@vindician i read human action. i use to vist mises org and lew rockwell daily. i even donated time and money to the fraud. soros even donates directly to the fraud and indirectly through the church of scientology. i was a card-carrying member. the austrian school of economics are a bunch of banker-funded c*ck blockers, blocking the understanding of classical liberalism.
jeepndesert 1 year ago
@vindician i took experimental science courses in college and use to write technical documents and review them. it is pretty lame that you can only resort to logical fallacy by trying to attack me rather than do your duty to check what i'm saying instead of just giving knee-jerk ad hominem rebuttals of calling me a liar. you're dishonest. you're so brainwashed that you no longer want to better understand things. you want to spend your days trying to twist reality to your over-simplified model.
jeepndesert 1 year ago
@jeepndesert You remind me of a funny loon called Keith Gardner. Ah well, ipeople like you really makes the case for the Austrian School so much easier. We hardly need to make an argument anymore. All we need to do is to point to people like you, Bernanke, Zarlenga, or any other crack pot of your choice and say:
"Do you really want to be associated with loons like that?"
Any clear thinking individual says no, and their number is growing fast. So thanks for the help :)
vindician 1 year ago
@vindician you remind of the idiots who share the same brain in the austrian school of economics, the same brain handed them by the rockefeller foundation and william volker fund. you're brainwashed by the globalists and bankers to block true understanding of classical economics. you're in the false banker/globalist paradigm of marx, keynes, and mises. i'm a true classical liberal. you're a brainwashed idiot. you don't understand the first thing about classical liberalism.
jeepndesert 1 year ago
@jeepndesert Haha, you're hilarious! Keep it coming, a laugh is never wasted!
And oh, could you perhaps point to a book, article, interview or even a quote by an Austrian that gives support to the present banking and monetary system? Since they are all bought and paid for, it should be very easy to find. So please, give me a few examples. As for classical liberalism, Mises was the greatest example of a classical liberal of the 20th century. I myself prefer anarcho-capitalism though.
vindician 1 year ago
@vindician i don't support marx, keynes, nor mises. i support classical liberalism. i point to article 1.8 of the constitution, adam smith, henry george, ricardo, john locke, albert j. nock, thomas jefferson, thomas paine, lincoln, the holy bible (lev, ecc, matt), caesar, edison, einstein, aristotle, and others. you point to neo-classical frauds funded by globalists at the united nations, world bank, imf, and federal reserve.
jeepndesert 1 year ago
@jeepndesert You don't know what classical liberalism is. Nor do you know anything about the Austrian school. As a typical AMI-supporter, you know nothing about anything. Lincoln and Jefferson? They were each other's polar opposites. Adam Smith was a rip off, taking credit for the work done by Ricardo among others. Caesar was a despot. And what the hell does the Bible have to do with anything? Simply laughable.
vindician 1 year ago
@vindician i don't support the original federal reserve (the gold standard) nor the current one. i believe in constitutional money printed and spent into circulation by the congress in lieu of taxation or borrowing, who has the duty to coin (which according to the federalist papers also means to print) and regulate the value (control for inflation and deflation). i don't believe in usury, interest-bearing money, fractional reserve banking where money is printed by private banks (current system).
jeepndesert 1 year ago
i also point to bill still, ellen brown, f.m. fogg, stephen zarlenga, fred harrison, and many others who believe in debt-free money. i don't believe in deflationary gold and free market currencies (thoroughly debunked by adam smith and banned by the constitution in article 1.10). i believe money is a legal instrument, a creature of the state. i don't believe money is a commodity. it isn't something to be "produced" by punching numbers up on a computer by private banks under frb.
jeepndesert 1 year ago
@jeepndesert You can "believe" all you want about money. Your "belief" is verifiably wrong and demonstrably false.
vindician 1 year ago
Comment removed
jeepndesert 1 year ago
you can "believe" in banker and globalist funded propaganda all you want. you've been proven wrong. the gold standard caused the great depression. great minds like edison and einstein even disagree with you. you're the definition of FOOL because you drink the KOOL AID of bankers and the united nations.
jeepndesert 1 year ago
@jeepndesert but i know your type. you're a welfare queen. you want a free lunch by having government declare gold as money and by having government write fiction granting you the ability to monopolize all the land and natural resources. you want to get wealthy by doing nothing but owning the fruits of god's labor, land and gold. you're a welfare queen. you're a communist. you're a aristocrat feudalistic tyrant. you're a piece of trash.
jeepndesert 1 year ago
@jeepndesert Yeah, that makes sense. As an anarcho-capitalist who has repeatedly called for market based currencies, I of course want the govt. to declare gold as money. And I want welfare too. Then I'm both a communist and an aristocrat tyrant. You AMI-boys really know how to run off a rant, I have to give you that. I guess that compensates for your complete lack of knowledge about anything, like the "gold standard caused the Great Depression". That is the best you can do I guess. Pathetic.
vindician 1 year ago
@jeepndesert, by buying up all the land, they in turn loose all their wealth and everyone else becomes vastly rich.
You're right, land is not produced by labor. That is why the rightful way to obtain property if not through trade is through homesteading, or being the first to occupy it and use it in a productive way, as opposed to what governments do which is planting a flag and calling dibs.
Houshalter 1 year ago
@Houshalter a more elegant solution is to use free market principles. since everyone owns an equal share of the earth, land rents (and rents on natural resources) should be collected by the state and distributed to all citizens of the state in equal amounts. everyone pays rent to everyone. that is true capitalism. anarcho-capitalism is socialism and a distortion of the free market.
jeepndesert 1 year ago
@jeepndesert, everyone does not own an equal share of the earth. If I invest my time, energy, and talents into an uninhabitted, unclaimed plot of land, it becomes mine. You own what you use, and if you don't use it you have no legitimate claim to it like "rent". Besides, homesteading rights generally only apply to a new economy or industry. In a society like ours, who owns what has all been sorted out by now.
Houshalter 1 year ago
There's lots to critique about Austrian economics, but this was REALLY lame.
silversoul7 1 year ago
The Austrians have been proven right time and time again over the last century, while mainstream economists have been wrong at every turn. How about that for empiric data? Also, Austrians put great emphasis on history, so the most of this so called critique is completely inaccurate. Austrians deduct economic law from known axioms such as humans act and every act is purposeful. It is pretty telling that the AMI has nothing better to offer than garbage such as this.
vindician 1 year ago
@vindician where's that hyper-inflation?
jeepndesert 1 year ago
This is false argument against Austrian economics for the very simple reason that empiricism requires the use of controlled experiments. As it is impossible to conduct controlled experiments in economics, the method is not applicable. Also, there are several scientific methods, not just one. Someone who doesn't even know that much about science has no business criticizing an entire scientific school.
vindician 1 year ago