(April 24, 2011 at 5:01 pm)theVOID Wrote: Fuck knows, seems like the product of our economic differences, my following the Austrian school causes me to take notice of their economic predictions, thus I can see good pragmatic reason for the Libertarians to be working with the Tea Party to solve the problems where as you're a Keynesian and think this Bernanke nonsense is going to work so you give priority to social issues?
Watch this video if you have time, maybe you'll get a better sense of Austrian Economics:
http://www.ustream.tv/recorded/1583738#u...um=1583738
I just cant get into the Austrian school. The guy in this video is smart, I will give him that, but I think he is oversimplifying the economy. Not to mention he is dead wrong when he spoke of Unions. The labor unions DID make MANY sacrifices, and that fact that he pushed that lie and also claimed the poor stock owners were the ones taking sacrifices is flat out wrong. Apparently he has no problem with people coming together as a group to make as much profit off of a companies stock as possible, but if a group comes together to protect the working class they must be run off. I find that extremist, dispicable, and quite frankly I would have several harsh words with this man after his presentation. The man even goes so far as to say that market regulation is what caused our economic stress, when in reality it was the deregulation of many different economic sectors, during the bush years, including the housing market, that caused the crash in the first place. Now some of the people who have shammed the system because of deregulation are just starting to get thrown into jail. Freddy and Fanny were deregulated, it wasnt that they didnt care..they were DEREGULATED. Therefore opening them up to being abused.
So yeah. If you follow this mans idea on economics you will see me standing stern against you at every turn. I am against deregulation. Just like I am against extremist economic policies.
Also, I dont sternly support Keynesian systems as well. They have their problems, espescially if you use THAT system while deregulating. That is begging for people to come in and rape the system. I have an open ear, but if your idea to fix the system is to cut the head off by deregulating everything, then I will turn my head and ignore it.
