Scientologists for Ron Paul

[WilD_CaT]

There are ganna be bursts and bubbles. Thats how people are. They get greedy and they over spend or something. The bubble bursts. This happened under the gold standard (which paulites have a hard on for) and under fiat money system. The fiat money system allows us to get through the bursts with less damage. Under the gold standard the entire worlds economy went pear shaped. This resulted in the Great Depression. The new system still allows for bubbles and burst except with the consequences being a lot easier to manage.

Bud, don't quote economics because you are just about as useless as Malema is at that subject.

Not one austrian disputes that a business cycle doesn't exist or won't exist, the point they make is that without fiat money (new money rushing into the system) you don't get the massive bubbles and busts, but rather a smaller more naturally cyclical system, in this is probably due first and foremost to the herd instinct humans tend to have.

Im all for a better system, but show me a proven track record. Keep your faith based economics for yourself thanks.

LOL! So when Keynesians all say that at the end of World War II you should have had a massive recession when government spending on war ended, and this DID NOT HAPPEN, and the exact opposite happened...you want to study MORE keynes?

Dont test your faith on my countries economy. I somehow think if it your faith based economics was so great. The worlds economists would have picked up on it and it would be main stream. With empirical evidence to support it.

You honestly have not even the faintest idea of what comes out you pie do you? There is not faith, but deductive logic, as applied in mathematics.

Basically Paulites want the following applied to our economy:

I actually know of very few austrian economists who don't look at statistics and completely reject it. What they do is argue you cannot impute theory or understanding from statistics. I.E. Correlation does not imply causation, especially when dealing with complex system with an almost infinite number of variables.

In fact I know of 0, nil, NOT ONE statistician who would argue otherwise.


Here is the local Russel Lamberti from ETM Analytics comments on the above issue: http://mises.co.za/blog/2012/08/29/on-austrian-methodology-and-praxeology/#more-711

as well as a response from the person he was criticising thanking him for his insight...

 

[w1z4rd]

This sentence caught my eye. Not to nit-pick, but how can you try something new if you insist in sticking with the status quo?
BTW, what did you think of the Iceland example? Seemed to be a nice balance to me.

Icelanders are very unhappy about how predator capitalism was unleashed on their country. I remember watching a documentary, as they were the WORST hit of the Scandinavian countries by the last economic recession. Boy have they learnt a lot in a short time.

Anyways, they are on the road to recovery and in one sentence, let me show you how they did that:

"Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn."
http://www.bloomberg.com/news/2012-...ebt-relief-in-best-crisis-recovery-story.html

They learnt the hard way what happens when you let the predator free.

As to:

but how can you try something new if you insist in sticking with the status quo?

Get it working on a smaller scale so you have evidence to show people that it will work on a bigger scale? We moved from the gold standard to fiat money I dont see why we couldnt migrate to a better system if there was one available. However, this requires empirical evidence. Something the Austrian School of Economics does not enjoy. Im actually 100% confident there are way better systems. Our current system is kak. So Im all for a better system.

 

[w1z4rd]

Austrian economists reject empirical statistical methods as tools applicable to economics"
http://wiki.mises.org/wiki/Austrian_School (from the horses mouth)

The full passage from The Mises Institute:

Austrian economists reject empirical statistical methods as tools applicable to economics, saying that while it is appropriate in the natural sciences where causal factors can be isolated in laboratory conditions, the actions of human beings are far too complex for this "numerical" treatment as passive non-adaptive subjects. Instead one should isolate the logical processes of human action. Von Mises called this discipline "praxeology" – a term he adapted from Alfred Espinas (but which had been in use by others).[26]

How much does that sound like Scientologies rejection of psychiatry and its form of healing they invented called dianetics? Both reject empirical evidence. Both reject at least one mainstream area of science and replace it with their own pseudo-science .

 

[Geriatrix]

Icelanders are very unhappy about how predator capitalism was unleashed on their country. I remember watching a documentary, as they were the WORST hit of the Scandinavian countries by the last economic recession. Boy have they learnt a lot in a short time.

Anyways, they are on the road to recovery and in one sentence, let me show you how they did that:

"Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn."
http://www.bloomberg.com/news/2012-...ebt-relief-in-best-crisis-recovery-story.html

They learnt the hard way what happens when you let the predator free.

As to:


Get it working on a smaller scale so you have evidence to show people that it will work on a bigger scale? We moved from the gold standard to fiat money I dont see why we couldnt migrate to a better system if there was one available. However, this requires empirical evidence. Something the Austrian School of Economics does not enjoy. Im actually 100% confident there are way better systems. Our current system is kak. So Im all for a better system.

Cool.
Maybe the Iceland example would be a nice go between. Banks were allowed to go bust(no bailouts and QE BS tricksternomics) AND the population were taken care of. Wild_cat? What's your view on the Iceland example?

 

[OrbitalDawn]

How much does that sound like Scientologies rejection of psychiatry and its form of healing they invented called diabetics? Both reject empirical evidence. Both reject at least one mainstream area of science and replace it with their own pseudo-science .

Rofl. Dianetics*

 

[w1z4rd]

Rofl. Dianetics*

Really bad typo. lol. Thanks for that. Have corrected it.

 

[WilD_CaT]

Cool.
Maybe the Iceland example would be a nice go between. Banks were allowed to go bust(no bailouts and QE BS tricksternomics) AND the population were taken care of. Wild_cat? What's your view on the Iceland example?

Red herring.

Both "taking care" of the people and bailing out the banks use government are forms of bailouts. Each one is a bailout of a special interest.

I also disagree with the idea that not bailing out the banks puts the needs of the people ahead of the market, not bailing out the banks is the free market solution to the problem.

I.E. The pro-market view is no bailout, no QE, no printing, no trickster-economics as you put it. No freebies or handouts.

Only in ghoti's world can the free market solution be the anti-market solution, and there was massive positives as a result. Now only if we could get a little consistancy in applying that principle across the board.

 

[WilD_CaT]

[Austrian economists reject empirical statistical methods as tools applicable to economics"
http://wiki.mises.org/wiki/Austrian_School (from the horses mouth)

The full passage from The Mises Institute:



How much does that sound like Scientologies rejection of psychiatry and its form of healing they invented called dianetics? Both reject empirical evidence. Both reject at least one mainstream area of science and replace it with their own pseudo-science .

GHOTI REJECTS PROMINENT MATHEMATICAL PROOFS SUCH AS PYTHAGORAS THEOREM IF DEDUCTIVELY DERIVED!

PAUL KRUGMAN A FAMOUS NON-AUSTRIAN SAYS EMPIRICIST IN ECONOMICS ON MICROFOUNDATIONS HAVE HAD ONLY 1 SUCCESS IN 35 YEARS! http://krugman.blogs.nytimes.com/2012/03/13/microfoundations-micro-payoffs-wonkish/

Don't speak about what you clearly don't understand.

 

[w1z4rd]

GHOTI REJECTS PROMINENT MATHEMATICAL PROOFS SUCH AS PYTHAGORAS THEOREM IF DEDUCTIVELY DERIVED!

PAUL KRUGMAN A FAMOUS NON-AUSTRIAN SAYS EMPIRICIST IN ECONOMICS ON MICROFOUNDATIONS HAVE HAD ONLY 1 SUCCESS IN 35 YEARS! http://krugman.blogs.nytimes.com/2012/03/13/microfoundations-micro-payoffs-wonkish/

Don't speak about what you clearly don't understand.

Hey, the facts (empirical evidence) speak for themselves. Dont take it personally, Im a sceptic so I naturally dont trust all types of wooh.