Questfortruth86's channel
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Questfortruth86
liked
1 week ago
SWTOR Sith Warrior - Vengeance - Maximo Patch 1.0
Build: http://www.torhead.com/skil...
Vengeance Speced Sith Warrior PvP.
Character name Maximo, I play on the U.S. PvP...
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Questfortruth86
liked
1 week ago
Raw footage shows Ron Paul DIDN'T storm out of CNN interview
CNN finally released the full interview. It shows that Ron Paul didn't "storm off" - the interview was over.
All parts of the interview that make...
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Questfortruth86
commented
2 weeks ago
Hayek on Keynes (1978)
Friedrich Hayek talking about how the revival of his reputation is bound up with the failure of Keynesianism.
The full interview was conducted by ...
[continued] If what you said were correct, then the application of mathematics towards real world solutions would be entirely superfluous, and engineers would not exist. We know what the interior angles of a triangle equal; we don’t have to go out and continuously test and retest it to reach a de...
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Questfortruth86
commented
2 weeks ago
Hayek on Keynes (1978)
Friedrich Hayek talking about how the revival of his reputation is bound up with the failure of Keynesianism.
The full interview was conducted by ...
@DerEchteSenf
This is of course complete nonsense. You have completely misunderstood the very first chapter of your introductory logic text. Either that or your professor is some sort of quack who adheres to the most extreme form of logical positivism, a school of thought which was thoroughly di...
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Questfortruth86
commented
2 weeks ago
Hayek on Keynes (1978)
Friedrich Hayek talking about how the revival of his reputation is bound up with the failure of Keynesianism.
The full interview was conducted by ...
@DerEchteSenf
Well first of all, you're confusing Hayek's method with that of his teacher, von Mises. Next, how arbitrary are the axioms if you're successfully deducing knowledge about human behavior? If you wan't to refute Mises' method then do so, but don't presuppose the validity of your arg...
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Questfortruth86
commented
1 month ago
Hayek on Keynes (1978)
Friedrich Hayek talking about how the revival of his reputation is bound up with the failure of Keynesianism.
The full interview was conducted by ...
@fountainherz
"Friedman worked within a Keynesian monetary framework"
This is both correct and incorrect. If we're talking about Keynes' latter monetary framework then it is indeed correct, but Keynes' earlier work was surprisingly Wicksellian (money supply partially endogenous).
Also, Mone...
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Questfortruth86
commented
5 months ago
Hayek on Keynes (1978)
Friedrich Hayek talking about how the revival of his reputation is bound up with the failure of Keynesianism.
The full interview was conducted by ...
@noobyfromhell
I was unaware that the classical's held this position. I know that Bohm-Bawerk certainly did not believe this.
I think your alluding to the fact that Keynes considered the macroeconomy as separate from the various markets that comprise it, and dealt with them as two separate sp...
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Questfortruth86
commented
2 weeks ago
Austrian Theory of the Trade Cycle | Roger W. Garrison
Presented by Roger W. Garrison at the 2009 Mises University. Recorded 27 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.
@zsylvana
In fact, Wicksell took the concept of natural interest from Bohm-Bawerk, Mises’ professor at Vienna. Bohm-Bawerk referred to the pure rate of interest as the “natural rate.” In other words, Wicksell was employing the Bohm-Bawerkian capital framework though it is true he would later mo...
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Austrian Theory of the Trade Cycle | Roger W. Garrison
Presented by Roger W. Garrison at the 2009 Mises University. Recorded 27 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.
@zsylvana
In other words, I reject the assertion that “The existence of subjective expectations in the real world and the non-existence of equilibrium states are severe stumbling blocks to Hayek’s theory.”
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Austrian Theory of the Trade Cycle | Roger W. Garrison
Presented by Roger W. Garrison at the 2009 Mises University. Recorded 27 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.
[continued]
This, as you mention, became problematic, and Hayek attempted a more rigorous treatment later in his career. My position is that the whole issue is overstressed and I don’t think that the elegance present in his earlier work is sufficient grounds to discard it. Indeed, Lachmann furth...
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Austrian Theory of the Trade Cycle | Roger W. Garrison
Presented by Roger W. Garrison at the 2009 Mises University. Recorded 27 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.
@zsylvana
It is true that Hayek’s conception of equilibrium did indeed evolve or at least change over time. It is also true that he employed static general equilibrium analysis in his earlier works, i.e., ignored the role of expectations and uncertainty altogether, but I tend to think he did th...
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Austrian Theory of the Trade Cycle | Roger W. Garrison
Presented by Roger W. Garrison at the 2009 Mises University. Recorded 27 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.
I's true that Austrians distinguish between business cycles and recessions. Not all recessions are the result of a credit expansion primarily funneled into the "higher order" capital goods sectors which create unsustainable booms and therefore busts. But thats precisely the point. Hayek specifica...
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Austrian Theory of the Trade Cycle | Roger W. Garrison
Presented by Roger W. Garrison at the 2009 Mises University. Recorded 27 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.
@zsylvana
I'm not going to read all of your comments, but the very first sentence in this passage is simply incorrect. Specifically, the assertion that "ABCT assumes that newly created credit money is mainly loaned out to businesses (causing malinvestments in capital goods), and not to consumer...
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Sean Penn: The Truth About Chavez and Castro
Actor and filmmaker Sean Penn talks with Raul Castro about Obama, Guantanamo and the Pentagon; and with Venezuelan President Hugo Chavez on human r...
@junnu79m
First of all, nations don't "give" their oil to multinational corporations; they sell (key word) their oil to multinational corporations. This, in turn, yields revenue for Venezuela which, in turn, becomes income. In other words, Chavez's attempt to help his country by giving "his peo...
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Questfortruth86
added to a playlist
1 month ago
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Questfortruth86
commented
2 months ago
Serif Konjevic - Sta on to ima
Najnovija pjesma od Šerifa Konjevića po prvi put na youtube:)
uživajte:)
@djeka5
no one cares asshole. Yugoslavia is dead; get over it and good riddance.
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
"The gambler has produced nothing"
What does gambling have to do with capitalist production and income distribution? You do realize that gambling exists in even in socialist/communist systems, correct?
"The prostitute's income is not determined by her ability to make others 'happy...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
The phenomenon you're describing is in fact atypical, if at all possible, in an actual free market. This condition, namely extreme asset-price volatility, is the result of a government-induced inflationary expansion (a bubble) and artificial interest rate manipulation. But yes, due ...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
[continued] It leads to the more efficient pricing of assets (under normal conditions) which facilitates economic coordination and allows for rational economic calculation. In other words, it matches expectations with actual economic fundamentals (so-called “real conditions”) so that economic age...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
The quote from the 1909 U.S. dept. of justice contradicts itself and is the typical garbage that uniformed, pontificating government bureaucrats tend to spew. According to them, Standard Oil simultaneously charged "excessively high prices" and "prices so low that even Standard oil" ...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
So again, the top 1% acquired 17.5 trillion dollars by producing goods and services that are valued by society, and 1.7 trillion dollars of their total net worth was acquired because one (or multiple) of their dead relatives produced goods and services that were valued by society. Of course, this...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
"A man bets $10 on a race and wins $1000"
You keep trying to moralize the issue rather than test the logical validity of my argument. Whether the person desires a blowjob, or an American made automobile, is completely immaterial from an economist's point of view. Whether the consum...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
First of all, why are you shifting goal posts? We're talking about how the vast majority of wealth is acquired in a capitalist system, not income equality. Comparing the inherited wealth that the top 1% has acquired to the total wealth that the bottom 60% possesses is absolutely unessential to wh...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
Here's one final statistic:
According to a study of Federal Reserve data conducted by NYU professor Edward Wolff, for the nation’s richest 1%, inherited wealth accounted for only 9% of their net worth in 2001, down from 23% in 1989. (The 2001 number was the latest available.)
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
Money, defined as a commonly accepted medium of exchange, predates legal tender laws. Monarchs were forced to accept gold and silver as money, for example, because they were already chosen as the common medium of exchange by society. Rulers would attempt to arbitrarily fix exchange ...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
"your assertion that "capitalist systems end up far more egalitarian than the systems which proclaim to value equality for the sake of equality", which is false"
I'm not going to respond to this any longer. The facts are the facts and they can be, if you're on the wrong side of an ...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
I guess it depends on how we define "vast majority." I consider 80% to be a "vast majority." Let me rephrase it: 80% of the worlds billionaires are self-made, and a study revealed that inherited wealth only accounts for 2% of total wealth amongst millionaires.
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
It's blindingly apparent that you haven't actually investigated this issue at all (I recommend "Industry, Structure, Strategy and Public Policy" By Scherer). Standard oil, for example, cut the price of crude oil by 95% creating a larger consumer surplus than would have exited if the market was pe...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
Yes. The prostitute and the divorcee, at the margin, create a higher degree of net satisfaction than the average factory worker (the prostitute does so directly, and the divorcee does so indirectly). Justin Bieber is more productive than any teacher no matter how much YOU revere teachers, and no ...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
"The government enforces legal tender laws, which give the national currency its value"
This too is incorrect and has been invalidated multiple times, primarily by Austrian economists (though their refutation is accepted by the mainstream). Google the "regression theorem."
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
First, that's not an assertion; that's, in a nut-shell, the definition of capitalism. It is the mere extension of property rights. Next, I'm not an anarchist; I do believe that the government plays a vital role, namely in the defensive of such property rights and the establishment o...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
Again, productivity means the ability to satisfy (directly or indirectly) the subjective desires of others. The individual who already owns a fortune (notice, you leave out how that person actually acquired that fortune), and just "sits on it" (saves it) is also being productive. His savings are ...
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Questfortruth86
commented
3 months ago
F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
You're attacking a straw-man. Austrian economists have literally wrote entire volumes criticizing the mainstream and their literal interpretation of Walras' perfectly competitive general equilibrium model. As far as "market failures" are concerned, the fact that markets do not always yield perfec...
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F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
@atlasman55
It's becoming increasingly clear to me that you have absolutely no idea what fascism actually is and how it operates economically. You seem to be employing the 8th grade interpretation of fascism, which was force-fed to you by your history professor, who also happened to be your tra...
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F A Hayek - National Altruism
Hayek explains the role of altruism in an individualist society. http://www.LibertyPen.com
[Continued] That "autonomous economic authority" that you refer to, and which Hayek indeed supported, is nothing more than laborers, consumers, producers (i.e., individuals) freely engaging in voluntary and mutually beneficial transactions in an attempt to better their own positions. In doing so,...
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Republican Presidential Debate pt.1
October 11, 2011 Bloomberg News
@hoplite669
And how does a company make money, you fucking retard? It must produce the things that YOU WANT, that YOU NEED, at a low price. Do you think the politicians in government give a shit about your wants and needs? They only give a fuck about getting re-elected (buying votes from specia...
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The Weight Of Chains | Deleted Scene 1 | Sarajevo
http://www.weightofchains.com/
Director's fan page: http://www.facebook.com/b.m...
EXCLUSIVELY TO YOUTUBE: A deleted scene from Boris Malag...
@FreeRussian
It's funny you mention debt considering it was Tito who borrowed billions, that he could never pay back, in order to create a very short period of imaginary prosperity. The result? The only way he could liquidate that debt was through massive inflation, which ultimately collapsed t...
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The Weight Of Chains | Deleted Scene 1 | Sarajevo
http://www.weightofchains.com/
Director's fan page: http://www.facebook.com/b.m...
EXCLUSIVELY TO YOUTUBE: A deleted scene from Boris Malag...
@ktougodno
The only sad story is that these people can't come to grip with reality, and long for days that never existed. Prosperity in Yugoslavia? My family rode Donkeys up and down mountains, in scorching heat, every day in order to fill up their containers with water. And this was the daily ...
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Yugoslavian anthem
This is the Yugoslavian anthem.
Ovo je Jugoslovenska himna.
Hej Slaveni, još ste živi
Riječ naših djedova
Dok za narod srce bije
Njihovih sinova
...
@tsunami30003000
Yeah, it's capitalism's fault that Tito borrowed too much money in order to create false prosperity, and then couldn't pay it back without first destroying the Dinar, and the savings of an entire nation. That makes a lot of sense.
Yugoslavia was a joke from day 1, and the peo...
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Questfortruth86
commented
5 months ago
The Battle Between Keynes and Monetarism in the UK part 2
This is from a documentary about this philosophical and political battle between Keynesianism and Monetarism in the United Kingdom around the 1970'...
@hoodoo961
"Volcker at the Fed and the Bank of England abandoned using monetary aggregates to set monetary policy and instead began using interest rates, as Keynes prescribed in the General Theory."
What a joke.
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Questfortruth86
commented
5 months ago
New York Times Breaking News: Superhero Paul Krugman Saves World from Imaginary Alien Invasion!
The Peter Schiff Show - (8/15/2011)
www.SchiffRadio.com
Follow Peter's Twitter @SchiffRadio
Fan Peter's Facebook at www.facebook.com/PeterSchiff
If...
Schiff really out did himself this time.. bravo
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Questfortruth86
liked
5 months ago
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Questfortruth86
commented
5 months ago
Full GOP Debate in Ames, Iowa - Aug. 11, 2011
Free email updates: http://www.RonPaul.com/welc...
Please like, share, subscribe & comment! http://www.RonPaul.com
08/11/2011
--
Ron Paul i...
@MrImastinker
Lincoln and the modern day republicans have more in common than you think. Here are a few examples off the top of my head:
1. Both support and facilitated the expansion of the federal government while paying lip service to the 10th amendment.
2. Both supported and employed a heav...
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S&P AA+ rating on U.S. Sovereign Debt not Low Enough -- Peter Schiff
Schiff Report Video Blog Aug 6th 2011 On Friday evening Aug 5th Standard & Poor's downgraded U.S sovereign debt from AAA to AA+ with a negative ou...
@blueghist
The senate is part of congress.
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Peter Schiff : The ECB as bad as the FED - CNBC 07 Dec 11
Go to http://peterschiffchannel.b... for details
10,213 views
Questfortruth86 said:
@xaviqaz
"500 billion euros for banks at 1% so they can buy government bonds at 5%"
Which is an indirect bailout for the states... This is keeping yields on sovereign debt artificially low and covering the fact that the European Union is following the economic strategy of every single failed b...