Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There have been a number of people who will argue to the death using economic theories that are not part of accepted modern economic doctrine. Modern economic doctrine accepts the free market theories of Milton Friedman, Keynes, Adam Smith, Paul Krugman, Friedrich Hayek, and Karl Marx.
Murray Rothbard's theories are not part of accepted economic practices and should not be taken seriously.
It should be understood or at least suspected that any attempt by publications or Cable networks that give credibility to Murray Rothbards theories have ulterior motives. Those motives would be efforts to undermine structures that are in place to police and regulate the banking industry.
You're really sticking to that Appeal to Authority fallacy aren't you?
You didn't say anything. You made something up because you cannot debate the issue.
It should be understood the Austrian economists told us the dot com bubble was coming, they told us the housing bubble was coming, they told us the stock market crash that caused the Great Depression was coming. But don't listen to them listen to you?
You are quoting Rothbard. Stop quoting Rothbard. He is a wacko. I made up nothing.
What are your sources and your credentials?
It should also be noted that Keynesian economics helped out a great deal during the Depression and again during the crisis of 2008. The CCC employed hundreds of thousands of unemployed men. They were paid $30 per month twenty five of which was sent to help their families. Without this Keynesian "interference" hundreds of thousands would have been much more desperate without a helping hand. In 2008 a number of investment companies and AIG would have gone under. Shearson Lehman wasn't bailed out. They are gone. The global disaster of just letting the market work the problem out would have created a global depression.
John Maynard Keynes was rather a strange economist, he actually studied maths and classics (greek and latin) at Cambridge gaining a BA but he never ever passed any written exam in relation to economics only had eight weeks’ undergraduate training in the subject, indeed when offered a Cambridge lectureship in economics he only went back to Cambridge to see his old friends.
As foir his personal like he was a left wing bisexual whose sexual preference was mainly for men, although he latter married a woman and championed womens rights and the arts.
As for his thoeries, they are mainly criticised for increasing debt, whilst the reliance on prtinting money in order to fund projets and service debt caused increased inflation. Monetarists and inparticular Milton Freidman were critical of many aspects of Keynesianism.
You're really sticking to that Appeal to Authority fallacy aren't you?
Not really. Many of our established theories go back hundreds of years and are a part of core curriculum at accredited universities. Many of you Trumpkins are hostile to these theories to the point of being anti intellectual.
The danger here is that you remind me of the book burning brown shirts of Wiemar Germany.
Copernicus: Contrary to popular belief, I've found that the sun is at the center of the solar system, not the Earth.
Tonyafd: You're a wacko who shouldn't be taken seriously. That's not part of the commonly accepted doctrine, and anyone who promotes it is trying to undermine the church.
Not really. Many of our established theories go back hundreds of years and are a part of core curriculum at accredited universities. Many of you Trumpkins are hostile to these theories to the point of being anti intellectual.
The danger here is that you remind me of the book burning brown shirts of Wiemar Germany.
Well...except for the fact that I don't like Trump, and that I'm the one giving even the more obscure arguments a chance here.
Copernicus: Contrary to popular belief, I've found that the sun is at the center of the solar system, not the Earth.
Tonyafd: You're a wacko who shouldn't be taken seriously. That's not part of the commonly accepted doctrine, and anyone who promotes it is trying to undermine the church.
There have been a number of people who will argue to the death using economic theories that are not part of accepted modern economic doctrine. Modern economic doctrine accepts the free market theories of Milton Friedman, Keynes, Adam Smith, Paul Krugman, Friedrich Hayek, and Karl Marx.
Murray Rothbard's theories are not part of accepted economic practices and should not be taken seriously.
It should be understood or at least suspected that any attempt by publications or Cable networks that give credibility to Murray Rothbards theories have ulterior motives. Those motives would be efforts to undermine structures that are in place to police and regulate the banking industry.
Yes it is. It is most definitely a political tool. Who do you think appoints the head of the Fed?
The Fed is built on private concerns. It is an agency of the Federal gov't, not of it. Sure it's a political tool. Understand the politics and one is more likely to gain. Knowledge can be money.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
