Austrian School Evil (part 1 of 3)

You will absolutely love this video. Who is Peter Schiff?

Category:

Education

Tags:

• austrian
• school
• economics
• peter
• schiff
• hayek

[TheBdubs91]

@AFRIKTODAY How is that consistent at all with The ABCT? Tulips aren't capital goods! The cause of business cycles to them is the capital becomes elongations or more roundabout. If credit goes to Tulip Bulb speculators, that AVOIDS the cause of ABCT. Tulips bubble crashing causing a recession only makes sense via Hyman Minksy, mentioning speculator debtors.

[zsylvana]

@avdquick You mean a Simons-Friedman Monetarist program to bring private enterprise back to life?

"Eliminate all forms of monopolistic market power, to include the breakup of large oligopolistic corporations and application of anti-trust laws to labor unions.Federal incorporation law could be used to limit corporation size and where technology required giant firms for reasons of low cost production the Federal government should own and operate them.. stable rules for money"...H.C Simons (1934)

[zsylvana]

@roywheeler66

Hyman Minsky,concluded that markets are inherently unstable & proposed theories linking financial market fragility,in the normal life cycle of an economy,with speculative investment bubbles endogenous to financial markets.Minsky claimed that in prosperous times,when corporate cash flow rises beyond what is needed to pay off debt,a speculative euphoria develops,soon after debts exceed what borrowers can pay off from their incoming revenues,which in turn produces.

[roywheeler66]

I think that joseph Stalin murdering 60 million of people is a little worse than people learning a lesson on bubbles, Bbubbles will form in free markets but who cares there was no one holding a gun to their heads, Libertarians should always use the NVP nonviolence principle in their arguments that is you cannot make moral rules and then designate an elite group of criminals to break their own rules. Examples are murder = war, kidnapping = arrest, armed robbery = taxation.

[sidvidkid]

Tulip mania, was caused by debasing the money supply, as are all bubbles, according to austrian scholars. A simple 2 minute google search would have found this, as i did. Royalty have a long history of interfering with currency just as governments do.

Misrepresenting the austrian school just lends them credibility, and undermines ones personal ethics.

Weak argument.

[zsylvana]

@cskipper65 Ha ha.I understand so well.I am self from Sweden so i got the spelling wrong all the time :)!And you could be proud father indeed,you have a lovely child!

If you interested about the relationship between Hayek and Keynes i could recommend a friendly conversation between two gentlemens,Hayek´s biographer Bruce Caldwell and Keynes dito Lord Skildesky.in two parts 1) watch?v=yzQgnNOwJoo&feature=re­lmfu

2) watch?v=MEn6mMutuUA I could recommend it highly!All the best to you

[cskipper65]

@Sylvania "tribe me that fish" is when my spelling corrector is not working correctly. I ment " gives me that fix."

[cskipper65]

@Sylvania thanks she is great!I do like getting into conversations with opposing views. While I do not always agree I do learn things from time to time. I think we all should question our current system of government and centralized banking considering the path this country has been heading down. Friends and family is not the place to talk politics but YouTube can tribe me that fish.I think Hayek and Keynes may have enjoyed opposing views as well.