How 'Mainstream' Economics Miseducates About Money and the Fed | Thomas DiLorenzo

Presented by Thomas DiLorenzo at the Mises Circle at Furman University: "The Coming Currency Crisis and the Downfall of the Dollar," 13 November 2010.

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[tabletalk33]

'Mainstream' Economics'=dumbing down the people.  Part of the road to serfdom.

[piecharthosen]

none.

[DEATHSxxRATTLE]

The mainstream economists "drove" the economy off a cliff!

[synestheticmonotony]

@worldofdraculas "endowed by their Creator"

Which one?

[worldofdraculas]

@synestheticmonotony "...endowed by their Creator..."

I disagree.

[j4ck2234]

@deficithawker

dude, neither the industrial revolution nor the enlightenment were created by a central banker.(altough France sure looked like it was going through a political boom and bust cycle)

I think going to the moon was a much, much smaller step in the 20th century than the mechanization of industry was in the centuries before. To suggest that this epic human achievement was one of the oh so many blessings of monopoly money, is absurd.

[synestheticmonotony]

@deficithawker I most assuredly understand the contrast between statutory and case law. Societies had created law long before governments entered the picture, and it doesn't take a lot of thought to understand that statutes would reflect those laws. I don't understand what your problem is. I never said that this wasn't the case, nor did I present an alternative case. What exactly is your argument here?

[synestheticmonotony]

@deficithawker Does a constitution not represent the "supreme law" of a nation (i.e. the writ by which all laws and state actions must conform with)? Of course, I know that there is no such thing as a supreme law in general, because all laws are constructs of society itself, and are thus subject to change. Please, don't nitpick a small irrelevance that presented itself due to character-count restrictions. You know what context I was referring to.

[j4ck2234]

@deficithawker

lol you don't even consider that technichal innovation had anything to do with that? (haven't checked your numbers btw) You know shifting from donkey carts to heavy machinery and stuff like that.

[sfiorare]

@synestheticmonotony - war predates government

statutory law is law and codified law is also law

at its core, society and government are just abstract concepts

in practice, society is made up of people and governments are people

what country has a government that is ideal?