1d. I haven't said so yet, but I must say, it's been a pleasure discussing this with you. You've been reasonable, and even generous, in offering me your thoughts on the matter. I've enjoyed this discourse very much. I don't know that it's delusional. I will say, it's hopeful. There has to be some kind of vision, or direction, in order to take the next step. The fact you're here indicates to me you're still learning, as am I. I think there's a better world possible in that. You may...
That's exactly what you said. Government is just a small set of people with power. If peple can't control themselves, surely the giving them the police power of the state doesn't magically transform them to become perfect. Laws and regulations are what create monopolies, it's a myth that such things existed in a free market.
That doesn't make sense because you are giving the people making the regulations too much power then. You say you don't want people to have too much power, then you hand over huge amounts of power to the people in government. That's a contradiction.
If you can't trust corporations what makes you think you can trust public offcials? Time again you miss my point. You think all evil possible of those who run businesses but are blinded by a belief in the saintliness of government officals. Do you know how the government works? There's no difference except those in government have the power to use force while those in the private sector cannot. The government thus is by far the greater threat. Why do you trust them?
11 years later, so many people still don’t understand this fundamental truth. Even after lockdowns, mask and jab mandates, selective enforcement of law and mandate for protesters of preferred causes, vax passports, lies and flip flopping from government experts and the media, excessive and incessant overreach by government many people still don’t get it.
LibertyPen channel here on RU-vid does that. WEll, i dunno if they have compliations but they take short segments of lectures like these and post them up.
Oh, I thought you were talking about compounding interest you get from your savings account. But this still comes back to the person taking the loan. If I pay interest on a mortgage, they try to get me to prolong it so they can get more interest, but I'd pay more to reduce the interest I pay. Some people prefer to pay less now, so they can have more now. In the long run, they get less later. Agreed that it is foolish. But to say it's primary is to ignore the whole structure supporting it.
government and regulations can be separate. regulations should be in place to prevent corporations from being too big. regulations and laws should also be in place to prevent government from getting too large. but unfortunately these regulations aren't enforced because the corporations buy off government officials.
Well, that would be nicer to have an edited video with the main point ! I am free to express myself. If I want want further information, I can always go read his papers, we are lucky because the misses institute puts so many papers available for us online (Or watch the whole version). I don't understand why "the american attention span", I am not american, and Austrian school is my passion but I also have some other papers to write.
3b. ... results, people will seek out the theories behind it. The "subliminal expression of superiority" you mentioned earlier is just that in reference to the superiority of Kanesian Economics through the claim that FDR ended the depression. There are people who would support the idea of a centrally controlled economy so that the damage of mistakes can be disbersed and diluted among all the populace. But any of the mistakes I've read about have been caused by the central planners, and...
2a. ...the audience. I've been studying economics for a long time, and trust me, that doesn't make me an expert, and there are many theories, and conflicting views and interpretations of the best approach. Unfortunately, it seems to work in the favour of the government to maintain peoples ignorance about it to make it easier to convince them it's too complicated for the "simple" pesants to manage it. Yet it's as simple as, "you don't keep promises you can't keep."...
4a. ... battle? I'm not sure. BUt I think the speaker is familiar with the crowd, and the crowd is already familiar with the system of economics his jokes are raised toward. Don't be too harsh. Sometimes it's just best to pick up what you can in the way of knowledge and move on. I do get angry sometimes too, but when you aren't being listened to, you can't force your ideas on them, only keep trying.
2c. ... of exchange that had the best storage and value retension qualities would be highly sought. eg; Wheat would store better than meat over the course of a year. But even wheat could mold, or rot, or was subject to infestations. Precious metals had the added quality of being impervious to those problems, was scarce enough to make it easier to transport high value in smaller units, among other things. Many people don't get the connection of money, to gold, to medium of exchange, to...
1b. I am a strong proponent of freedom of expression, and a forum where people can do so. I think this is such a forum. As to the abolishion of compound interest, I didn't see any reference to it in the presentation. I also wouldn't think they'd be supporters of the abolition of financial instruments, but rather the removal of governmentally created insentives and supports for programs that are unsustainable. That's not that I'm saying compound interest is always unstustainable, I don't...
1c. That's ok. Trying to explain something helps me to better understand it. At least I've found it to be thus. It's something I've been struggling with for a long time. Fiat money is money given value by authoritative decree. Commodity money is money coined from some commodity that already posseses a value of it's own by the market it exists in. The history of money has been followed back to barter where people would trade goods for goods. It's been surmised that eventually the means...
3c. ...commodity to food and labour. Some think, "why gold? Why not rocks?" Well, rocks can be commodities too, but how many rocks do you think you'd have to carry to the store to get a loaf of bread? Rocks weren't scarce enough. You'd have to have very large storage facilities, and ways of transporting it. In short, you'd have to be rich. LOL And given the availability of gold, you'd also have to be irrational to use rocks instead.
1a. Mises was more than just critical of the Fed. He opposed a central banking system on the basis of the principal of how free market economics works. I realize that, at times, there can seem to be some degree of terseness to some of these presentations, and I agree that I'd like to see a good free market economics presentation, but you must understand that in particular presentations, they can't start from scratch each time, and must presume some degree of knowledge on the part of...
I went to your sight and watched a vid on how money is created. Now I recognize what you're talking about. It's also known as fractional reserve banking. Tell me something, if you think the government is powerless against this monster, what creation are you proposing that has the power to withstand what the government couldn't? This is a serious question. I agree that fractional reserve banking is a scourge. But I need an answer to the above question. And Mises does oppose this system.
nobody said anything about that. don't put words in my mouth. regulations and laws MUST be in place to prevent such monopolies and oligopolies to form. Libertarians are against bailing out too big to fails, ask yourself, how do you stop something from becoming too big to fail in the first place? you can't count on the average drone to be informed on everything.
4c. ...Oh, the credit cards, and todays money, is so far removed from commodity money that there is practically no relation at all, and almost completely depends on government decree. But also, on the trust people place on it. If people lose confidence in it's value, they'll sell it for something they think will hold it's value better.
If you want to know who might be on to something, Austrian economists in this case, see who is consistently ignored or demonized by the mainstream. They will not let you upset their apple cart and you will only be proven right after it’s too late to fix anything and rebuilding is the only option.
do u know how regulations work? regulations are laws that are still in place regardless of who's in power. congress and executive change every even number of years. glass stegall was put in place after the 1920s crash. it was in place up until the mid 1990s.
I've heard this argument before about the FED being a private interest approved by the Federal Government. I think you're missing the point though. It doesn't matter whether it's private, or government. Again, the problem of pretense of knowledge comes in. Also, if it's the "kind of central bank it is", that differentiates it, what stops those "oligarch capital interests" from moving in on the one you describe and gaining control or influence over it? Of is it not run by people.
Gov. and regulations cannot be separate. Who creates, enforces and interprets regulations? There are laws in place to prevent gov. from getting too large and the gov. ignores them. Again, you still haven't answered, if humans can't control themselves, isn't it folly to give some of them so much power over the rest of us?
3d. ...revolution that will make the day. I'd prefer it to the other alternative, and I suspect you would too. It can be surprising how many people you can influence just by changing the mind of one person in your life. Influencing the right person can generate a chain reaction vast enough to boggle even an optimists mind. I have no objection to people who make there fortunes honestly. I'm still digging for answers. I trust you are, too. Thanks realisoph.
3a. ... and "you don't spend more than you take in." The nature of things seems to be that many people want something for nothing, and are complicit in the positions they find themselves in. Ask yourself how it was possible for "big finance" to get to the position where they'd be able to "get away with it". True; propaganda plays a role. But, you did say societies are watching themselves do this. Why? Perhaps education plays a role. How to proceed? War? Reeducate? Intellectual...
@mrzack888 Did you graduate from HS? Do you think buying off a gov't official is a one way transaction? How can you be so blind, so delusional in thinking that a person is a crook if in business but a saint if in gov't?
