The Mises Memorial Lecture, given by Larry Sechrest at the 2008 Austrian Scholars Conference, Ludwig von Mises Institute, Auburn Alabama; 15 March 2008.
The Mises Memorial Lecture, given by Larry Sechrest at the 2008 Austrian Scholars Conference, Ludwig von Mises Institute, Auburn Alabama; 15 March 2008.
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I assume from your username that you are a Marxist. Marxism wasn't very successful in the USSR, I would actually go as far as too say that today's "economic chaos" is preferable than the 40 years of permo-recession in the Soviet Union. Also, you are gravely misguided if you think any of the Austrian school's fundamental policies have been implemented in recent times. Most economists agree that today's depression is a consequence of government failure in monetary policy
Forgive me, ur username misled me. Excuse me they mostly accept it. However they disagree with the Austrians on how we should move tp solve the problem. widespread condemnation of Greenspan'sinflationary monetary policy escape your notice? Btw Austrians are not "nutters" They predicted this recession. the reason theyare margianlised has nothing to do with actual economics, its because progressives control our world. Read Memoir on Pauperism by de Tocqueville to understand how this is inevitable
Well there is nothing contradictory in Marx teachings and Austrian school of economics. Karl Marx delt with (to some extent) evolution of means of production and concluded that at some point of our technological development (or at least this is my interpretation of his mesage) we will be able to produce infinite ammont of goods without much human labour and thus we will create a world where ppl will work according to their ability, and consume according to their need
@MengeleHitlerSimplifico: Yes, yes. You've discovered our dastardly plot to spambomb the proletariat into submission, until they'll work for free and in dangerous environments, and the Party will be powerless to stop us! :p
You've my thumbs up, though maybe not for the reasons you originally intended. :D
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Also, you are gravely misguided if you think any of the Austrian school's fundamental policies have been implemented in recent times.
Most economists agree that today's depression is a consequence of government failure in monetary policy
2. Most economists (apart from the Austrian nutters) do not agree with that.
Excuse me they mostly accept it. However they disagree with the Austrians on how we should move tp solve the problem. widespread condemnation of Greenspan'sinflationary monetary policy escape your notice?
Btw Austrians are not "nutters" They predicted this recession. the reason theyare margianlised has nothing to do with actual economics, its because progressives control our world. Read Memoir on Pauperism by de Tocqueville to understand how this is inevitable
You've my thumbs up, though maybe not for the reasons you originally intended. :D