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People did predict the mortgage backed securities crisis, they were just shouted down by Ayn Rand fanboys. The market is not prepared to hear that maybe we should put the brakes on something wildly profitable. It's the nature of the beast. It is the entire reason that Keynes proscribes government intervention.quote:I'll end with a question about where Keynesianism and the empirical approach to economic analysis has lead us. I don't think I have to remind everyone that the "empirical" mainstream economics profession failed spectacularly to warn us about the impending crash of the housing market in 2008.
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Oct 27, 2014 19:19
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Hey guys, there's going to be a boom and bust cycle. Call me the loving oracle.
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Oct 28, 2014 01:05
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I called it. If it isn't this one, it's the next one. I promise.
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Oct 28, 2014 01:09
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Ok I tried to read the doomsaying article, and I got to "the government had inflated Freddie Mac and Fannie Mae far beyond their natural size." and started laughing. I got one, "the dollar is overvalued" and "inflation is coming, any day now, just wait for it." China calling in our gold, bubble commodities invest in precious metals Ron Paul chaos reigns.
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Oct 28, 2014 01:12
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Caros posted:Mark Thornton - He predicted a housing bubble in 2004. Whupty loving do. I predicted a housing bubble in 2004 by virtue of going "But housing prices can't increase forever." There are tons of economists who understood this basic fact, that wasn't the question you were asked. You were asked if you could find economists who agreed with your views and predicted a 2008 housing market crash caused by deregulation allowing fraud on a massive scale to occur. Mark Thornton recognized a bubble, a properly trained monkey could do that. Babylon Astronaut fucked around with this message at 01:25 on Oct 28, 2014 |
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Oct 28, 2014 01:23
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Jrod, what beer should I drink this weekend? I like lagers and ales with lots of hoppes.
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Oct 28, 2014 01:40
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For all the "and then X was proven wrong" I have still not heard why Ricardo's iron law of wages is completely wrong. I'm not classical economics's #1 fan, but it is a foundation for further enquiry instead of a dead end. I like people to offer a substantiated critique of classical economics before they make grand claims. Marx did it. Keynes did it. HHH just tells us those dudes are all wrong because gently caress it things is complicated A=A end of story.
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Oct 28, 2014 01:59
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Caros posted:A=A is actually Ayn Rand. What's the difference between A=A and praxology? I mean, if you told me Murray Rothbard was a Randian objectivist, I don't know what I'd refute that with.
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Oct 28, 2014 02:13
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To be fair, it's also people who believe that I should be required to help pay for the people who will stop me from beating and robbing those too rich for me to afford not to rob.
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Oct 29, 2014 15:21
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Who What Now posted:jrodefeld, if you're serious about wanting to have a spoken debate then I would be very interested in having a debate on the ethics of the NAP and a hypothetical Libertarian stateless society. I understand you can't do it immediately and I'm willing to wait to hash out a good time to do it. You wouldn't even have to get a webcam, I don't have on either and I'd be willing to place the audio over images when it's posted for posterity.
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Nov 3, 2014 18:52
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The BBB is also known to dock you several letter grades for not joining.
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Nov 8, 2014 06:02
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The "state's rights, not slavery" argument is easily debunked by almost every governing document produced by the confederacy. The confederate constitution removes the state's right to abolish "negro slavery" and most of the states wrote declarations of independence that listed their primary grievance as the abolition of slavery. It's open and shut for anyone who isn't a complete moron. There isn't that much depth to it.
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Nov 10, 2014 06:55
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Jack Kershaw, League of the South board member, 1998 posted:Somebody needs to say a good word for slavery. Where in the world are the Negroes better off today than in America?”
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Nov 11, 2014 02:39
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I will say it: libertarianism and libertarians promote racism and unfair outcomes for minority peoples enough that white supremacy is core to their belief system. Because they never put a color to the chaff pruned by the power of the capitalist class in an unrestrained free market is immaterial in light of the white supremacist views of nearly all the notable contributors to anarcho-capitalist and paleoconservative thought.
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Nov 13, 2014 07:56
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Fleet of foot.
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Nov 14, 2014 11:09
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OH NO MY DICK posted:Weirdly, there are a ton of libertarians that are down with guaranteed minimum income. Although, if they think taxation is theft, I don't know where the hell the government would get the money. Maybe selling lemonade? They'll support it right until it becomes possible, then it'll become the most vile statist plot to destroy the free market.
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Nov 16, 2014 00:18
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Hard to blame her. You can slip on some ice and lose your house.
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Nov 20, 2014 08:46
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Until literally mid-October 1994, it was shameful and taboo for anyone to talk publicly or write about, home truths which everyone, and I mean everyone, knew in their hearts and in private: that is, almost self-evident truths about race, intelligence, and heritability… Essentially, I mean the almost self-evident fact that individuals, ethnic groups, and races differ among themselves in intelligence and in many other traits, and that intelligence, as well as less controversial traits of temperament, are in large part hereditary. If and when we as populists and libertarians abolish the welfare state in all of its aspects, and property rights and the free market shall be triumphant once more, many individuals and groups will predictably not like the end result. In that case, those ethnic and other groups who might be concentrated in lower-income or less prestigious occupations, guided by their socialistic mentors, will predictably raise the cry that free-market capitalism is evil and “discriminatory” and that therefore collectivism is needed to redress the balance… In short; racialist science is properly not an act of aggression or a cover for oppression of one group over another, but, on the contrary, an operation in defense of private property against assaults by aggressors.
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Dec 2, 2014 06:34
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But if racialist science proves an ethnicity to be inferior, then it is not racist, and blaming libertarianism for the inevitable failure of the lesser races is worse than admitting what many have known but have been afraid to say.
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Dec 2, 2014 16:18
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I tried explaining to a libertarian how abolishing IP laws was anti-intellectual, but he didn't have any clue how trademarks, copywrite and patents work anyway.
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Dec 15, 2014 07:43
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Caros posted:These are cuts so bad that the Kansas Supreme Court declared them unconstitutional as the state was not providing a "suitable" education for their students.
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Dec 22, 2014 09:49
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Murray Rothbard is an amazing troll. I cited the whole David Duke thing in my Rothbard is an insane racist and probably the world's foremost Jewish, holocaust denier.
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Jan 9, 2015 17:50
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Rothbard also wrote that if the descendants of former slaves were given a country of their own it would either require massive aid from the US or it would fail because of the racial weakness of blacks. He believed that free competition would look like systemic racism because either way, the lesser races would be worse off.
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Jan 9, 2015 19:05
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Oh please. The baby market is way worse.Murray 'Free Market Baby Ca$h' Rothbard posted:the parent should not have a legal obligation to feed, clothe, or educate his children, since such obligations would entail positive acts coerced upon the parent and depriving the parent of his rights. The parent therefore may not murder or mutilate his child, and the law properly outlaws a parent from doing so. But the parent should have the legal right not to feed the child, i.e., to allow it to die.[4] The law, therefore, may not properly compel the parent to feed a child or to keep it alive.[5] (Again, whether or not a parent has a moral rather than a legally enforceable obligation to keep his child alive is a completely separate question.) This rule allows us to solve such vexing questions as: should a parent have the right to allow a deformed baby to die (e.g., by not feeding it)?[6] The answer is of course yes, following a fortiori from the larger right to allow any baby, whether deformed or not, to die. (Though, as we shall see below, in a libertarian society the existence of a free baby market will bring such “neglect” down to a minimum.)
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Jan 10, 2015 00:53
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Oh absolutely. The circumstances that necessitate a baby market are the main reason it is terrifying. Otherwise, it's a weird way to describe adoption.
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Jan 10, 2015 01:55
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It's hard to poo poo on cosmetology when not only is it a skilled trade, it is the industry responsible for practically all female entrepreneurs. Preening and grooming has been a thing for primates since primates, it is a very important social function. I always hear about the black woman with her nails and hair all done up in the welfare line, with the assumption that it is a wasteful use of her money, but seriously, there is nothing else you can do with ~50 bucks to improve your chances of attaining gainful employment than looking put together. The same people complain about female applicants looking like hot garbage if they aren't put together right. A derail, but I think important when discussing the old "rational actor" which usually means you, yourself, what you would personally do. Babylon Astronaut fucked around with this message at 05:09 on Jan 17, 2015 |
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Jan 17, 2015 05:06
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If supporting policies that have incredibly disparate results to people of different skin tones and explaining it with racial pseudoscience isn't racist, then the term is meaningless.
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Jan 29, 2015 06:49
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Just you wait until white men find their voice.
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Feb 1, 2015 07:59
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Mr. Fleet of foot had no idea that accusing the black members of congress of wanting to loot the war chest for govment handouts for the lazies could be seen as racist. Sure thing. I guess the question is: why is he alienating a group of people that agree with him on foreign wars by claiming they are doing it for the wrong reason?
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Mar 1, 2015 04:46
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I'd love to see the vote that would even signal such a thing. Ok, H.B. 420666: the swords to plowshares act fails to pass by 2/5ths of a vote. We will not be dismantling a B2 bomber and buying 1/3rd of the world's food supply.
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Mar 1, 2015 04:52
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Nolanar posted:As for questions you'll finally answer, here's one: if my human rights stem from my ownership of myself, can I sell myself and thereby forfeit my human rights? The Romans came up with the idea of self-ownership, and they sure as hell thought you could. If the answer is no, why not? Who the gently caress are you to tell me what I can and can't do with my property?
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Mar 22, 2015 20:36
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jrodefeld posted:So, in your mind, if I argue that there are perverse incentives in the welfare state that means that I am by definition a bigot? Absolutely, because you're invoking the malthusian argument.
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Mar 27, 2015 07:17
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PupsOfWar posted:white meemaws will never agree to pay bills for minorities, the system will be doomed by demographic shifts
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Mar 30, 2015 05:53
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jrodefeld posted:While I certainly appreciate the recommendations, I think you may have misunderstood what I was requesting. My argument, to put it bluntly, is that libertarian market anarchism is the best and most morally justified way of organizing society. Since you all object, I was hoping for a more targeted refutation of liberalism.
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Jun 1, 2015 04:22
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Rick Scott did that five years ago. He tried to deregulate the beauty industry, until everyone who knew anything about it talked him out of it. It was pretty hilarious seeing the people he was trying to help beg him to stop.
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Jul 2, 2016 06:30
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Unless your restaurant is notoriously bad, you won't see health inspectors but once a year and you almost always have early warning. A ton of the violations are under the condition that if you can fix it while they are there, it won't be marked. It isn't a great system, it is that foodborne illnesses are actually fairly uncommon. (Barring chicken: chicken is loving disgusting and will be until it kills some kids like beef + shiga toxin producing e. coli.)
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Jul 4, 2016 04:39
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Nitrousoxide posted:At least in my state, inspections are unannounced unless they've already flagged you and are running to see that you've fixed the issue. They are "unannounced" but you can tell when they are coming. They will do an entire entertainment district at a time for example, so you have time to snake a drain or change a bucket or hide some nasty poo poo. People are creatures of habit, so you can catch on to things like them coming a certain week every year, or at exactly 8 months. They still aren't random rear end inspections unless you have seriously pissed off the health department.
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Jul 4, 2016 05:12
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paragon1 posted:But I know I'd just be met with some pissant drivel about the evils of states and oh that doesn't count it was violating the NAP while ignoring that precious metal mining and minting into currency has happened precisely zero times without a state.
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Jul 6, 2016 21:52
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Can be used to absolve public debt is one thing all of your examples are missing. The Mexican store taking USD does not get to then send the USD upstream to pay their property taxes. That is a debt that can be only discharged in pesos.
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Jul 7, 2016 01:34
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Yea. Does not have its own currency, and effectively are the exceptions I guess. Fixed exchange rate means that you cannot enact monetary policy, so that's kind of the point on why something is currency and not poker chips and wow gold.
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Jul 7, 2016 02:05
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