Austrian economics

evince said:
super

why does the Austrian school think we should go back on the gold standard?
Click to expand...

Because they believe it puts a limit on the Federal Reserve bank from excessive manipulation. Which to a degree it does. They believe the gold standard will help prevent the erosion of the dollars purchasing power, which when eroded hurts the poor and middle classes far more than the rich.
 
evince said:
Why out of all the schools of economics do the republican pick the one the rest of the experts say is a joke?
Click to expand...

WHAT EXPERTS DESH? You keep saying this as if everyone is calling the Austrians a joke. They are not. While Austrian economics is certainly not mainstream, like Keynesians and Supply Siders, they have valid points and made great contributions to economics.

Also you fucking idiot... Republicans are supply siders, not Austrian.
 
evince said:
http://www.businessdictionary.com/definition/Austrian-School-of-Economics.html




Austrian School of Economics











DefinitionEdit DefinitionSave to FavoritesSee Examples

Forerunner of unrestrained free market (libertarian) economics, its central concept is that the coordination of human effort can be achieved only through the combined decisions and judgments of individuals and cannot be forced by an external agency such as a government. It emphasizes complete freedom of association and sovereignty of individual property rights. Its other main tenets include (1) abolishment of central banks and return to the gold standard, (2) elimination of bank deposit insurance schemes so that bank failures punish bad investments, (3) institution of an information system that make real-time prices data available to everyone, (4) abandonment of mathematical models as too rigid and limited to be of any use. Most of its recommendations are fiercely opposed by the mainstream (both capitalist and socialist) economists who call it 'anarchist economics,' and barely acknowledge its existence.
Read more: http://www.businessdictionary.com/definition/Austrian-School-of-Economics.html#ixzz2Zy89iFIO
Click to expand...


so you think these people are lying?
 
the entire field of economics that is NOT the Austrians.

if they thought the Austrians were right they would JOIN THEM huh?

your a fucking lying sociopath so fuck the fuck off.


You are a worthless soulless human being
 
evince said:
the entire field of economics that is NOT the Austrians.

if they thought the Austrians were right they would JOIN THEM huh?

your a fucking lying sociopath so fuck the fuck off.


You are a worthless soulless human being
Click to expand...

Superfreak, you are a ginger?
 
evince said:
the entire field of economics that is NOT the Austrians.
Click to expand...

So you cannot list any of these experts huh? You cannot quote any of them saying any such thing?

if they thought the Austrians were right they would JOIN THEM huh?
Click to expand...

Disagreeing with them is not the same thing as saying 'they are a joke'.

your a fucking lying sociopath so fuck the fuck off.
Click to expand...

awww... poor lil Desh... got humiliated yet again.
 
All the other fields of economics use the same math.

The Austrians don't.

They make their statistics up out of thin air.


that is why all the others disregaurd everything the school says.

Oh and by the by


The Austrians are never rigth in their predictions either
 
evince said:
hes a sociopath who has no commitment to the truth
Click to expand...

LMAO... yet when we ask you to provide evidence of your 'truth' you cannot do so. You proclaim Reps are Austrian economics supporters, which is completely retarded. You have no idea what the differences are between Keynesian, Supply Side and Austrian economics. You cannot discuss the issue at all because you don't know what you are talking about. So instead you post links to sites that you think might say something remotely close to what you are... yet none of them do.
 
evince said:
All the other fields of economics use the same math.

The Austrians don't.

They make their statistics up out of thin air.
Click to expand...

Show us a statistic they made up out of thin air. Clearly you believe they do this all the time. Show us an example.

that is why all the others disregaurd everything the school says.

Oh and by the by


The Austrians are never rigth in their predictions either
Click to expand...

LMAO... show us some of their predictions you are referring to Desh.
 
evince said:
http://www.businessdictionary.com/definition/Austrian-School-of-Economics.html




Austrian School of Economics











DefinitionEdit DefinitionSave to FavoritesSee Examples

Forerunner of unrestrained free market (libertarian) economics, its central concept is that the coordination of human effort can be achieved only through the combined decisions and judgments of individuals and cannot be forced by an external agency such as a government. It emphasizes complete freedom of association and sovereignty of individual property rights. Its other main tenets include (1) abolishment of central banks and return to the gold standard, (2) elimination of bank deposit insurance schemes so that bank failures punish bad investments, (3) institution of an information system that make real-time prices data available to everyone, (4 abandonment of mathematical models as too rigid and limited to be of any use. Most of its recommendations are fiercely opposed by the mainstream (both capitalist and socialist) economists who call it 'anarchist economics,' and barely acknowledge its existence.




Read more: http://www.businessdictionary.com/definition/Austrian-School-of-Economics.html#ixzz2Zy89iFIO
Click to expand...


remember
 
evince said:
Your whole base of ideas is failed and conconted crap.


this is how you react to that fact.
Click to expand...

What fact desh? You simply spouting off nonsense doesn't make something a 'fact'. You cannot even give one example of an expert saying Austrian economics is a joke? You cannot give one example of their made up statistics? You cannot give one example of their failed predictions?
 
You must log in or register to reply here.
Back
Top