The Great Depression, economics professor debunks libertarian myths. I'm in a bad mood.

Well, the dollar became fully fiat, so to speak, in 1971. One could produce a couple of graphs showing how nominal prices started to increase dramatically after that. Of course, correlation is not causation =P

I totally agree with both points.

A third conclusion is that you should be studying the stuff on this site till you can answer all his points on your own. There is a video here about the Fed that is very enlightening.

Just a thought. When he is a prick again, [if you decide it worth your while to associate with him], you might consider saying something like, “So you have no logical argument going for you, only personal attacks?”

Tell your friend to come on this forum and then we can have a discussion of what his professor has debunked.

Your friend is just way too immature to have any breakthroughs with. He needs to deal with his own issues and insecurities- its obvious he has a whole lot of them, he projects it right away.

Sorry, but he isn’t like that at all. Hes 27, almost 10 years older then I am. He’s known me for 4-5 years. He just seems to try to discourage me, crush my beliefs, imagination, ect whatsoever. He talks to me about how immature,ignorant and racist I am. He refuses to believe I’m good at anything, and sees me as a defunct being with no intellectual value, who’s inept at life. Also, I’m the only one he doesn’t really get along with, so maybe its true.

It seems a lot of adults would agree that I am ignorant and immature person. sigh

I don’t see how he doesn’t have a right to get frustrated at me so easily, its mostly just because hes honest but he swears a lot. Saggittarius and Pisces don’t really get along.

gimme a break.

Perhaps you have already been asked this but…

Why is he your friend and why do you talk to him?

Get educated and shut them up. I gave you a list of material that once read will allow you to easily refute this ‘friend’ of yours. If you haven’t read it then it is only your fault. Stop sighing and start reading if that is how you feel.

Because I’ve known him for a long time. He might just be correct, about the things he says… not sure if he means harm

I’ve had somewhat similar conversations, and I figure that if people don’t have any better arguments, they aren’t worth debating with. Tell them to do their own research if they are interested, refer them to Hazlitt’s Econ in 1 Lesson, or something like that. I mean, it isn’t like the person is going to say, “okay, I see, it makes sense, you’re right, I am wrong…”, just point out common sense, and leave them to chew it over. I suspect that people like that don’t really want to know the truth, they just want to just argue with someone and feel so much “smarter” and more “intelligent” by ripping you apart.

If you think he might be correct then why are you giving this prima facie defense of anti-Fed sentiments?

When is intellectual suffocation not harmless? You said the guy is trying to crush your beliefs and dreams yet you don’t know if he means harm? It seems to me that you need to discover yourself before you even begin to debate politics with others. That is probably why people treat you like a silly teenager.

He’s really the only one who seems to treat me like that. Do you mean find myself politically? I think Libertarian is what suits me best, since libertarian politics are all about you.

There are a lot of things he is wrong about, but I don’t see how he could not change his opinion about me after 6-7 years. He doesn’t see that I’ve changed at all, and he sprobably right that I didn’t, I’m still some immature kid who has no place among intellectuals.

It seems that both of you are goofs. However, you have succeeded at one thing he failed: realizing the the overarching truth about the Federal Reserve. He is a lip flapper, not a listener. He will never learn. You have nothing to gain form listening to his flapping. Pretend he doesn’t exist. Case closed.

Then cut off discussion with him. No point in trying to change someone who is so overzealous in their beliefs.

Libertarianism is not simply limited to what ‘works’ for you. In some sense it is and in some sense it isn’t. Sure there is this axiom called the non-aggression and that’s really cool. I don’t like to fight people, I find it barbaric. However, the implications of such an tenet go beyond just me thinking its really cool. It is a code of how to act and how not to act. What is rational and allowable in a society. What is afforded to myself and what is afforded to others around me. You could like libertarianism because you don’t like getting punched in the face, but I would say you are missing out on the best part of libertarianism which is the rich history, the rigorous logical deduction and the aesthetic beauty of the system itself.

You’re the target kid in my analysis who turns the other cheek to his aggressors. Swimming in a pool of negativity has left you thirsty for a network of negatively charged nodes, which further demoralize you. What you think is Pascal’s Wager in reality is Stockholm Syndrome.

Being 10 years older doesn’t mean he’s mature. Being discouraging, crushing your beliefs, telling you how ignorant/racist you are, refusing to believe you’re good at anything, seeing you as a defunct being with no intellectual value and who’s inept at life…that’s exactly why he’s immature and has severe insecurities. That kind of attitude is simply child-like, yeah he has a “right” to get frustrated at you easily, but if he IS getting frustrated easily he is not a mature man plain and simple and has issues he needs to get a handle on. A mature man doesn’t get frustrated easily.

Well of course you’re a bit immature- you’re only 18, but that’s ok you’ll grow up. Just advice, you can take it for what you will, but don’t accept negativity people throw at you. There’s no reason to, its not helpful, and it’ll lock you into a mindset where you think “You know…maybe I am ignorant and immature…”- which can stay with you for YEARS if you never get a handle on it.

From the convo you posted you had a lot more composure then this guy. He should understand that you’re young and that you’re still learning things, for him to talk the way he does smacks of insecurity. Don’t give anyone excuses to talk down to you. You’re young and open to learning things new, this guy’s a big baby.

Always with the negative waves!

There is a great book with a weird name called Compassion and Self Hate by T. I. Rubin. Don’t wanna sound heretical, but it is more important to understand the contents of that book than all of this website, which is saying a lot.

It will open your eyes to what your “friend” is doing, what you are doing chatting with him, what the good willed people here are trying to tell you. Oh to have read that book at 18!

What do you mean? And I would like to look at the history of it all. I was already pretty turned on by Andrew Jackson. I’d like to read more by philosophers like Locke though.

Ron Paul was the one who got me into Libertarianism. I’m a Libertarian because I value individualism.

He isn’t self conscious of anything, he’s just a Narcissist.