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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (766786)	1/29/2014 2:07:49 PM
From: Joe Btfsplk	1 Recommendation Recommended By FJB Respond to of 1576178

Austrian School.........didn't predict the Great Bellyflop, in fact, under Austrian School precepts it shouldn't have happened You really are lost in space. Of those who warned, most subscribed to Austrian thought (i.e., Schiff). And where in the world did you ever get the idea that under Austrian School precepts it shouldn't have happened?? You really ought stick your nose in books for some months, if not years.

To: combjelly who wrote (766786)	1/30/2014 6:49:21 PM
From: Joe Btfsplk	2 Recommendations Recommended By FJB Taro Read Replies (2) \| Respond to of 1576178

CJ, while on the extreme you represent what’s gone wrong with America and why its future is probably bleak. You bleat, sneer, and squeal about things that are beyond your understanding. Those who so damaged your kind were treacherous snakes and make me hope there might really be eternal hellfire and damnation for the worst transgressors. Austrian School has no predictive value I think it was 1922 when von Mises released SOCIALISM. It very accurately outlined the hows and whys about how the Soviet experiment was going to collapse. That took a while, but he was right on the mark. When the Evil Empire collapsed Heilbroner, whose prior delusions had trickled down to a lot of people here, had the integrity and honor to publicly admit his kind had been wrong all along, the real liberals right: Though an outspoken socialist for nearly his entire career, Heilbroner famously wrote in a 1989 New Yorker article prior to the collapse of the Soviet Union: “Less than 75 years after it officially began, the contest between capitalism and socialism is over: capitalism has won...Capitalism organizes the material affairs of humankind more satisfactorily than socialism.” He further explained in Dissent in 1992 that "capitalism has been as unmistakable a success as socialism has been a failure"[3] and complimented Milton Friedman, Friedrich Hayek, and Ludwig von Mises on their insistence of the free market's superiority. He emphasized that "democratic liberties have not yet appeared, except fleetingly, in any nation that has declared itself to be fundamentally anticapitalist." However, Heilbroner's preferred capitalist model was the highly redistributionist welfare states of Scandinavia; he stated that his model society was "a slightly idealized Sweden." (Note how Sweden and the other Scandinavians are back pedaling now that they recognize the consequences of their “third ways”). The “Progressives” got quiet for a while, but are now back with a vengeance. Naifs applaud. And the ruin becomes increasingly apparent.. The Austrians are inheritors and expositors of the belief in the sanctity of the individual that informed our founding. They’re real liberals. They differ from the Chicago school in minor ways, primarily concerning the nature of money – now a BIG problem. To the extent liberal prescriptions are followed and retained, prosperity AND civility ensues. Ruin follows in proportion to the replacement of liberal values with expansion of government beyond certain tight constraints that the sane recognize and struggle to evolutionarily delineate. Von Mises’ opus was an extension and refinement of earlier thought. More than others of his kind, he was a hard-ass about welfare run by government. Experience suggests that he was right; government will always over-run original goals with bum result. That’s a province of closely related Public Choice Theory. His prediction of a “crack-up boom” hasn’t yet come to fruition. There’s a stench in the air indicating some variant may be close on the horizon. His prose is dense and he uses big words, some reaching attempts at translation from his native language. Damn shame that the few capable of understanding him don't grasp the importance of doing so.