http://www.youtube.com/watch?v=CaJKWCGVVcg
Bow down on tremble before his mighty onslaught. He has come to slay the dragon that is Austrian Economics.
Quickly! Someone refute him before we are buried under the logical fallacies!
Austrian Economics is doomed!!! Doomed I tells ya!!
While we wait for our destruction from a socialist who prides himself on going to a bourgeois school and learning bourgeois economics.
Wait; are we the neo-fascist capitalist white man because Austrians are really fascists who hate poor people and workers or the American Indian because we’re about to be nearly wiped out by his intellectual attack equivalent to smallpox infected blankets?
Having skipped through the first minute and a half of an introduction, I listened (and ignored how about Austrian economics is apparently supply-side economics) until I got to the part about how Ron Paul and Schiff are the two main Austrian Economists of today. That’s where I stopped, and gave him a 1 star rating. I can’t believe he managed to ad hominem a strawman as his first argument. I’m surprised adults who should know better would go on youtube and post up something as badly researched as this.
He’s apparently only laying the groundwork. His next video will conclusively show that AE is evil, stupid, and wrong.
Too late..
Anyone knows who his pusher is? I’d like to avoid smoking what he’s on right now…
No! We’re the silly ‘savages’ who cling to obsolete beliefs and our wonderful overlord is coming to civilize us in the matter of economic theory because he has a degree. Run to the hills my brother, run to the hills.
We must pray to the god LewRo so that he may protect us from the mighty degree boomstick.
LMAO! I read these comments before watching the vid and I’ve already seen it before and as soon as I read this I was just like "oh my god please let it be Radio Hogan
At any rate this man is an idiot. He spent about 30 seconds actually constructing an argument rather than blaming it on the lack of supposed intellectual background (which might have actually been a point if he’d backed it up with why and told more about how many Austrians there actually are). Comparing Libertarianism to fascism is idiotic, and especially considering the context that he used it in which was anti bourgeoisie which is more socialist!
And in a simple response to his only actual argument, how is it that an increase in demand will fix anything when the structure of production is unfit to supply this demand?
I wont waste any more of my breath…
“also called supply siders”, I lol’d.
He fails at trying to be charismatic.
And the guy keeps faulting Peter Schiff and Ron Paul and others for not having degrees in economics. I think we found Giles’ youtube channel. Lol.
I had to stop it as soon as he called Austrians “supply-side economics.”
Austrians reject cutting taxes during recessions, making them supply-siders. Interesting.
I responded, lets see if he likes to rebut in an honest manner.
Aw it cut off when you started talking about labor. It was good stuff as always though attis.
I notice that Youtube doesn’t like to upload from webcam correctly. I have no clue as to the source of the errors. Typical disservice, I know. Anyways, my point on labor was that it can’t be foresaken for production or profit nor can the others be foresaken for labor.