Mises and Austrian Economics: A Personal View
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@clownporn1 FAIL!
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@zombiefitnezz Inflation really is a tax on anyone who doesn't get the money first (hence the term "inflation tax"). Generally, prices go up before wages, so the poor, who generally spend their money on necessities, are forced to spend more and more as prices go up before their wage responds. You don't understand what inflation is and you're trying to correct someone about economics?
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@CE174269 Hell, he isn't even in the same school, let alone class. :-)
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@zombiefitnezz And what do you think inflation is?
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@clownporn1 Why do you say Mises was a facist?
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Ludwig von Mises was a facist, XD irony lmao
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@zombiefitnezz well if a poor worker is paid 2 dollars a day and they can pay for their food and rent with those two dollars and stash 10 cents away for a rainy day, but inflation is 5%, then unbenounced to this worker what he once expected he could buy with his savings, he can no longer afford. this is the hidden tax that is inflation...
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@zombiefitnezz exactly. inflation hurts the people with negative net worth. right. these are the fantasies of market mystics. but what do you expect? they can't just come out and say how rich people are a higher race and we should all be concerned with serving and protecting them. no one would listen. so they couch their rhetoric with feigned concern for the poor.
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I have a pdf of the entire "For a New Liberty: The Libertarian Manifesto" by Murray N. Rothbard. GREAT book!! Recommended reading for Libertarians as well as those wanting to look deeper into Austrian Economics!
kidrosey 4 years ago 11
Austrian Vs. Keyensian ---- I'll take the Austrian School of Economics any day of the week. Mises, Hazlitt and many more like them have offered the alternative approach that defends the free market.
JohnGaltSpeaking1981 2 years ago 10