ECONOMICS thread

It's an extended behavioural analysis that stops short of any meaning by saying "irrationality does not exists. Everything is a meas to an end". While I agree with this, it is a stretch to call it economics

>muh full reserve
Mordern society and progress requires fractional reserve. A full reserve systems would only slow growth

As a brainlet I know for sure the communists are right about economics. Capitalism is CRINGE!

>Mordern society and progress requires fractional reserve.
Citation needed.
And fractional reserve can be used in austrian economics. I dont think many people will lend you their money though.

Hopefully he'll have inspired people to pick up that torch.
Economic analysis is subset of praxeology. It does not claim that irrationality (this is value judgement of which we must get rid of) does not exist, but it is because people act, they must absolutely prefer (choose) and set aside (other things not preferred.) You are so arguing a false proposition.

And non-trivial amount of Austrians do not mind fractional reserve banking, because they believe that in free & private banking system, there would be little reason to take such risk (it would remain in the shadow banking system through securities and options manipulation as it was in the free banking era and prior to Fed's creation in U.S.)

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I think he has. But since both mises and rothbard named their heir to their legacy, i feel Hoppe think no one at this time is man enough to hold that title. Kinda sad to see a so long chain break. Bömbawerk must be sad in heaven.

You wrote 'behavioral analysis' but I want to clarify Mises and following Austrians make a clear distinction between them and actual 'behavioral economics' shunning the latter for too many entity multiplications and focus on (implicitly) in 'environment.'.

Hoppe is writing a book currently, he said as much as in AERC2019 but was unsure of its release date.
youtube.com/watch?v=yETWDjWyzgg&feature=youtu.be&t=3509

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By the way, are views like Mises Institute's common in Sweden? I can say they're dead in my country.

It's good to see an economics thread with Bastiat and Mises.

Too many people get involved in conservative circles but have truly fucking horrendous views on economics and are essentially just Bernie Sanders retards who happen to dislike black people and jews.

I have absolutely no desire to try and defeat the Jews and then be forced to live in fucking France where we recreate the complete societal collapse caused by subsidizing the dregs with enormous welfare states. Hoppe is completely right when he criticizes people like Pat Buchanan (who I generally like) who have this idea in their head that they're going to have this really traditional, conservative, strong nation AND also have these big, Hamiltonian, centrally planned bureaucracies and decaf welfare states. You can either have one or the other, you cannot have both. If Hitler's Germany had not been defeated it would have looked like Sweden within 30-40 years after you had 1-2 generations growing up under a welfare state.

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Dont know of mises specifically but we have a pretty health amount, +1000, of self proclaimed anarchist. Check out the group Ankeborg on Facebook or the bubb.la project.

I personally don't believe that you can call yourself conservative (in the American or European sense) and still prefer capitalism, because that is not how capitalism works (it assumes capitalism values the conservative values, which is just odd anthropomorphic interpration of economics). Capitalism will seek out profits wherever notice and respond signals can work unfettered..

We also have the swedish mises institute and they arrange freedomfest once a year. I think maybe 150 people attend that conference.

I think our Mises Inst. died some 3 years ago, and even talking about any of these ideas (even under disguise) in professional setting gets you the crazy-eyes look from people. Too socialized everything here.

While correct, if this perverse system is righted, it may deprive us of a race war. Not willing to risk it. It has been built up too much

Its kind of the same here. If people know you arent in the union they will scream and cry of how bad of a person you are. My boss love me though.
If they know you are against taxation they will call you a nazi, but I simply explain i think the church should handle those things the tax do know and they shut up. They dont want to offend any religion lmao.

I don't think there is much of a chance in righting the system to the direction I want to, but Austrian perspective is just so fundamentally different from the current consensus views that it gives you healthy insight in order to navigate the current system and its traps. For example, it's understanding of 'what money is', 'what money can do' is so different from Keynes, Fisher, current macroeconomic views that it will help you understand fiscal and monetary policies lot better (as it is deep penetrating critique of the ontological and epistemological grounds of the three.)

>If people know you arent in the union they will scream and cry of how bad of a person you are
> If they know you are against taxation they will call you a naz
Hear hear. Even worse when you stand up for small private business. That really gets them worked up in here.

Learning about austrian economics really did open my eyes to alot of new perspectives. Their lies are very clear now.
And with the hoppean understanding of liberterianism and freedom, there is nothing stopping anyone to create an erhnostate if they wish like our American friend wishes.

I dont think most conservitives attempt the massive welfare state because they understand human motivation. Thus your argument “about what conservatives want” is totally fictitious.

And then, you completely ignore the geniune criticisms conservatives do have with exploitation capitalism and Ayn Rayndian style Neo Liberalism, because of your strawman.

Yeah we know communism doesnt work. That doesnt mean Reaganimics 2.0 is a sound economic plan even if it is like economic heroin.

>if we just make all citizens slaves corporate profits will skyrocket!!!!!

This is a more than fair criticism. And is presented this way (social conservatism coupled with neoloberalism and exploitation capitalism) for a very specific reason.

Disclaimer:
> Fed paying for mortgage-backed securities by giving the banks Fed bought the MBS from the reserves is not capitalism
Economy in U.S. has been socialized since about 1791s by monetary laws (legal tender, bimetallism, paper currency, formal central banks). Of course I am just providing the anarcho-capitalistic view, which you might disagree with.

I'm afraid you lost me.

all of them were absolute niggers for not having a single kid. disgusting

They have done well through non-sexual reproduction though.

Maybe. Still doesnt take away anything from their work.

>Keynesian
are you retarded newfag? Keynesian is what brings you all these bubbles and crashes.
>just spend goy
>if you don't spend you will crash the economy
>borrow, spend, debt, borrow, spend, debt
fuck off Reddit bitch

yes,there's lots of things stopping them from creating a white ethonstate, most importantly (((them))) and the dozens of millions of low IQ people in the US

I dont think you understand hoppes view of how a free society works. How will they and The low iq people do anything when they have already been physically removed?

oh you "just" need to remove all of them. sure, go ahead

>muh ebbil fed iz dat enemyz!
what we have is corporates privatizing gains and socializing losses and a fed getting blackmailed to play along to not crash your debt-buried economy

America since post-WW2 has had real negative interest rates in region of -20%. It is unbelievably fucked it escapes the understanding.

CB is a central planning program, it necessary condition for all that follows (ie. corporations not-free-but-private reigning with the blessing of State.)

I feel like you are one of those low iq people who would destroy an ethbostate man. Have you read any one the books in OPs post?

i have a collection of mises books from my ron paul days (2008)

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>03346▶
>You should put a disclaimer in the top warning people that everything you posted is pure Austrian meme economics.
>Why not include some classical/neoclassical/NNS and Keynesian/post-Keynesian literature also?
Keynesian is social democracy. Free markets (no exceptions) is capitalism. Artificially increasing the demand without increasing supply isn't capitalism.

One of the most damaging misconceptions in economics was created in Adam Smith's "Wealth of Nations" interpretation of economics as incentive structures being wrong if something was not prospering (and if they could be corrected, peace and cooperation would follow). This is essentially a dialectic interpretation that will necessarily read to socialism, as it assumes universalism and absolutism of humans around the globe, of the kind that is not justified in the world that operates through selection models (ie. Darwin, Malthus, Capitalism) Once you assume its presuppositions, there is nothing but time in between it and worldwide communism.

The counter-idea and critique is in the Hoppe quote here, which summarized few important ideas: that negentropy is the only conservative possibility there is (as against worldwide communism), that second law of thermodynamics is translatable to interpretation in human action, praxeology and economics: all order is local.

This book is essential critique of Adam Smith, from the point of view of Capitalism:
en.wikipedia.org/wiki/A_Farewell_to_Alms

The current markets are not free though, even if they are private. Important distinction.

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>read
lead*.

bump.