The Aussie Austrian Blog

Barney knows which side his bread is buttered on...

@mojorhythm I am asking, what effect does a lowering of interest rates have on the money supply...particularly the earlier stages of the business cycle? You earlier claimed (and correct me if I am wrong), that the Fed does not influence the money supply, but that is absolutely false. And I don't ...

@J0k3r4U Bush actually made me laugh like I do when watching Will Ferrel!

@FuchsiaFF00FF What has banking centres got to do with anything? I really don't understand your points. All countries are better off with free trade and free markets as economics does not change depending on geography, population etc. 250 years ago, most of the world lived in relative poverty, no...

@ranting55 I agree, if you steal my car, then I have the right to claim back what is rightfully mine. You may possess my car but you do not own it.

@evsupp2011 Trust me, i am not conditioned. But I must laugh when I see people making comments regarding basic economics that are patently wrong. It is absurd and if people buy into it so that they try and bring change associated with these beliefs, then we shall all be worse off.

Paul Watson is a few fries short of a happy meal!

@MrDarudin Evidence of poor quality of life for many Cubans = the amount that risk their lives to escape. Just as millions did so to escape Soviet Russia or Socialist Europe. Economic growth is shown in an increase in people's standards of living. In Cuba, things have not improved much of the dec...

@ChaosDMNS Russia, China are communist or full-blown socialist? Have you noticed how as China and Russia have allowed more economic freedom.capital accumulation, i.e. LESS socialism, that their countries have prospered and millions moved out of poverty! Scandinavian countries are mixed economies...

@RATMagainstbush8 No, Hitler was not. He was for the most part a socialist, meaning he believed in government controlling productive resources. It was a more defacto form of government ownership as he seldom 'nationalised' businesses per se. His economic views also changed over time. But he defin...

@glindork1 You are not very intelligent are you! You would make a good intellectual at Harvard.

@TheRedRussian10 Was life way better for everyone? How is life for the 20 million dead? People who dissent in capitalist societies do so because of the anti-free enterprise actions of governments creating problems, ie Welfare state, wars etc. They wrongly feel that a Soviet style life would be be...

To stlo7 (person who posted this). A license per se does not prevent "quacks" and "unqualified" doctors. There are many licensed doctors who are terrible. It is the education of students/doctors through tertiary studies that enables them to be qualified (however, improvements can be made). I woul...

@apacheslim p.s. how do you define "economic growth"??

Michael - our system is not free market capitalism, a far cry from it. Make a film attacking "Mercantalism" or "Statism" or "Fascism" - they'd be more accurately aligned with what you (and me) despise. Capitalism is a broad term pioneered by Marx thrown around loosely.