Not sure if this article has been brought out here yet, or not, either way, I’ll go ahead and toss it out and wait for you guys to tear it to shreds: Austrian School of Economics A collection of liberal essays critiquing the Austrian School of Economics. t…

the guy has a plethora of articles; I’d love for each to be addressed, but it’s one of those cases of “minutes to write and organize claims, days to debunk them”. Yeah, I agree. I read the summary and don’t think I’ll bother exposing my brain to more of that drivel. On the other hand, if that is …

believe it or not, despite its simplicity, it’s quite popular amongst liberals to link to, to supposedly debunk a lot of things libertarians claim (ie: gun control is bad, austrian economics is the only meaningful ecomics, social contracts don’t exist, etc).

Darn! Well, even so, I don’t think those type of liberals would be swayed very much by libertarian counter-arguments, even if they were comprehensive and perfectly infallible. Maybe it would be worth it go through the articles and point out all the blatant lies. Then at least, the liberals might rea…

lol i wouldn’t worry about it

But this is true. With government enforcing the cartels, they monopolized these industries.

I don’t know what they think a monopoly is, but a monopoly is supposed to charge monopoly prices. They can’t explain why kerosene’s price fell by 9/10 under rock, even if he was a douchebag.

Well, those guys didn’t have true monopolies, and they did reduce prices and all that free-market stuff because they were good entrepreneurs and businessmen. But once they got super-rich, they gained huge influence over government and had legislation passed to reduce competition and keep them on top…

So capitalism works okay untill you get the government involved :stuck_out_tongue:

Another Critique of Austrian Economics

Economics Economics Questions

Conza May 29, 2010, 7:02pm 9

This is not “another” because it is not new.

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Another Critique of Austrian Economics

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