Caplan and Boettke debate Austrian Economics 1/13
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omfg 1 out of 13?? i just realized this lol why so many seperate videos?
4 months ago 3
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Isn't Epstein the guy that was sleeping with his daughter... Yeah. Nice.
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Very funny @ 1:55!
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@getnbusy2nite Would you say that Bernake et al with their 'prime the pump' model don't understand or choose to ignore Say's Law. Would you say in all the clips on utube of Peter Schiff explaining the economy that he incorporates and understanding of Say's Law? And has anyone ever offered a proof of Say's Law. It seems more an observation than a law but...
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@equsnarnd I'm not Austrian nor Keynesian, but I hold respect for both schools. I do feel most (not all) Austrians are more Limbaugh than Menger or Böhm-Bawerk, and Keynes is something good that has been misused at times by government for special interest so both have their ilks like any.
I would be happy to engage in a friendly exchange of information about Say's Law if you would do me the pleasure of putting my MS Econ to use. Plus I have to thank you for a good book suggestion :)
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@getnbusy2nite I have Sowell's book on Say's law but that's as close as I've come to studying it.
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@equsnarnd Economists used econometrics to predict the fiscal/monetary efforts would have largest effect in Q3,Q4-2009 and we had 5% economic growth. Even devoted "Austrian" Peter Schiff said we would never have that kind of growth for years but we did. I myself used econometrics to predict client behaivor for a non-profit once. Though I will agree there is over-reliance on models.
Used " "s because he got Say's Law wrong...any true Austrian should know Say's Law like the bible.
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@TheAttackRat I agree. Ironically though, Ron Paul doesn't believe in evolution :)
RealLiveDebates 5 months ago 10
Socialism economics = Creationism
Keynesian economics = Intelligent Design
Austrian economics = Evolution
Vote RON PAUL 2012
TheAttackRat 1 year ago 8