Critique of Austrian Economics (Anarcho-Capitalism Far Right Libertarians) [www.keepvid.com].mp4

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[09jake12]

Epic fail. Seriously, whoever made this video should be embarrassed. If you hold the positivist view, you fail to understand some basic concepts. 1. You cannot possibly control all the variables in an economy 2. Human behavior is subjective and can change. 3. A simple confirmation of a hypothesis does not mean that the hypothesis is verified. You have not addressed these issues, Instead you just ramble on about the Austrian view being the same as religion.And logic does not prove god you dumbass

[gunsandbullhorns]

Most "Mainstream Scientists" understand that the Scientific Method of the Natural Sciences works because there are constants in physical phenomena that can be (meaningfully) quantified, and that it's possible to deduce these constants through repeated experiments. Being able to do controlled experiments in a laboratory environment also helps a lot.

If anybody can name any meaningfully quantifiable constant that has been discovered regarding economic phenomenon, then please tell me.

[KenMacMillan]

That was a horrible critique.

[vindician]

@jeepndesert Yeah, that makes sense. As an anarcho-capitalist who has repeatedly called for market based currencies, I of course want the govt. to declare gold as money. And I want welfare too. Then I'm both a communist and an aristocrat tyrant. You AMI-boys really know how to run off a rant, I have to give you that. I guess that compensates for your complete lack of knowledge about anything, like the "gold standard caused the Great Depression". That is the best you can do I guess. Pathetic.

[jeepndesert]

you can "believe" in banker and globalist funded propaganda all you want. you've been proven wrong. the gold standard caused the great depression. great minds like edison and einstein even disagree with you. you're the definition of FOOL because you drink the KOOL AID of bankers and the united nations.

[jeepndesert]

@jeepndesert but i know your type. you're a welfare queen. you want a free lunch by having government declare gold as money and by having government write fiction granting you the ability to monopolize all the land and natural resources. you want to get wealthy by doing nothing but owning the fruits of god's labor, land and gold. you're a welfare queen. you're a communist. you're a aristocrat feudalistic tyrant. you're a piece of trash.

[vindician]

@jeepndesert You can "believe" all you want about money. Your "belief" is verifiably wrong and demonstrably false.

[vindician]

@jeepndesert You don't know what classical liberalism is. Nor do you know anything about the Austrian school. As a typical AMI-supporter, you know nothing about anything. Lincoln and Jefferson? They were each other's polar opposites. Adam Smith was a rip off, taking credit for the work done by Ricardo among others. Caesar was a despot. And what the hell does the Bible have to do with anything? Simply laughable.

[jeepndesert]

i also point to bill still, ellen brown, f.m. fogg, stephen zarlenga, fred harrison, and many others who believe in debt-free money. i don't believe in deflationary gold and free market currencies (thoroughly debunked by adam smith and banned by the constitution in article 1.10). i believe money is a legal instrument, a creature of the state. i don't believe money is a commodity. it isn't something to be "produced" by punching numbers up on a computer by private banks under frb.

[jeepndesert]

@vindician i don't support the original federal reserve (the gold standard) nor the current one. i believe in constitutional money printed and spent into circulation by the congress in lieu of taxation or borrowing, who has the duty to coin (which according to the federalist papers also means to print) and regulate the value (control for inflation and deflation). i don't believe in usury, interest-bearing money, fractional reserve banking where money is printed by private banks (current system).