Public Keynesian vs Austrian Debate War Heating Up Past Couple of Days

Wow - *great* find!

Was Rothbard a fuckin' prophet or what?

Austrians have been predicting this shit over and over again... Rothbard 30 years ago... and Schiff, Paul et al more recently...

when the hell will the big govt scumbags learn? Maybe it's malicious?

Grrr....

Rothbard is the man. I love his economic history books.
 
We all should be invading every blog, every forum, and every news web-site with a comment section, and expose these vipers as much as we can.
Do you have any sites in mind? Just give me some URLs. I'll go and stomp on some vipers.

By the way, William Anderson is doing a yoeman's job debunking Krugman over at http://krugman-in-wonderland.blogspot.com/. But I agree with aravoth, we've got to take it to them.

I sometimes venture into Thom Hartmann's forums (http://www.thomhartmann.com/forum/33), but they could certainly use more viper stompering over there.
 
I'm down for infiltrating the keynesians blogs.
Head on over to Thom Hartmann's forum (http://www.thomhartmann.com/forum). He and his followers are anti-business, envious socialists bent on wealth redistribution and controlling others' behavior.

Here's one of the more recent words of wisdom on taxation:

Whem [sic] half the population has incomes so low they wouldn't have basic living expenses if they were taxed....it seems to me there is an unfair income problem rather than an unfair taxation problem.

Retired Monk - "Ideology is a disease".

If you go over there, shoot me a PM. My id there is rbs.
 
I agree with ABCT but I have trouble accepting some of the Austrian micro foundations such as rejection of indifference curves. I thought I was an Austrian for a while but I'd now say that I am not. They've reached mostly all the right conclusions but I disagree with their methods.

You should listen to this lecture by Jeffrey Herbener of Grove City College. It's introductory, but it shows that the Austrian position on indifference curves is by no means unreasonable. To the contrary, the curves themselves are unreasonable (where is money on the curves? Money isn't valued?).

YouTube - Value, Utility, and Price
 
I agree with ABCT but I have trouble accepting some of the Austrian micro foundations such as rejection of indifference curves. I thought I was an Austrian for a while but I'd now say that I am not. They've reached mostly all the right conclusions but I disagree with their methods.

Also, this more advanced lecture by Herbener is very persuasive. Herbener was trained in a mainstream program and taught mainstream econ for years before deciding the whole apparatus was seriously flawed. He then became an Austrian.

http://media.mises.org/mp3/MU2009/MU2009_Herbener_07-29-2009.mp3
 
Head on over to Thom Hartmann's forum (http://www.thomhartmann.com/forum). He and his followers are anti-business, envious socialists bent on wealth redistribution and controlling others' behavior.

Here's one of the more recent words of wisdom on taxation:



If you go over there, shoot me a PM. My id there is rbs.

I'd just post this for them:

IncomeDistributionMaster1.png
 
I'd just post this for them:

IncomeDistributionMaster1.png

Why, graphs like those are meaningless unless you have the numbers behind them. I have studied taxation for many years and can tell just by looking at that graph that it is fallacious.
 
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