The funny thing is that he thinks saying that an economist doesn’t have positive predictions regarding the outcome of a policy is somehow an insult.
That makes me scratch my head. I thought it was pretty much universal that at least some ideas are bad.
Im not sure, but I think Obama only turns sensible overseas. meaning he is telling the Chinese what they want to hear.
"Dont worry, I know whats wrong and I know what I have to do to fix it. Until now I have been paying off my friends who got me elected, you know I had to do that, and from now on I will worry about leaving you with an america that can actually repay its trillion dollar debt.’
But when he comes home to the good ole US of A, with more demanding hands outstretched to him than to a wealthy tourist in bombay, he will speak with the other fork of his tongue.
That would be a huge irony given that Mise was jewish himself.
Those self hating jews…
One attribute they failed to recognize? Mises and Obama are diametric opposites. This is so irresponsible on their part.
This must be a joke of some sort. Must be. I’m completely flabbergasted.
I didn’t get a response from the author.
Maybe me email was so damning he killed himself.
Hooray for snowflake!
I am aware that Mises was Jewish. I was alluding to the claims of anti-semitism against Rothbard (who is also Jewish) by the mainstream.
Lol, well rothbard was somthing of an ass occasionally when it came to talking about minorities.
I read his Anti Israel stuff. I don’t feel competent to argue anything he says pre 1967, since I was barely or not at all alive at the time. But I remember very clearly the 6 day war, and the days preceding it. His totally insane rewrite of that period makes me think that either
he really was insane about that one subject, similar to his fear of elevators, or
someone was paying him to write that garbage.
Sigh, there is no Santa Claus. Nobody’s perfect.
Just a shame that his anti Israel atitude has become the standard for this site.
What?
What has he written on that subject that is insane?
Considering many of us are anti-state, we are just as anti Israel as we are anti any other state. The entire conflict is state centric. Remove Israel and the Palestinian Authority, and the conflict would die down.
If I’m wrong, I am very glad. Maybe lewrockwell.com is what Im thinking of.
There are so many different fallacies in this one article, a full analysis of all of them would have to be at least 10 times the length of the article itself. The transgressions on reason are so many and so egregious, that of them all, the claim that Obama is metamorphosing in Ludwig von Mises seems relatively tame for the author’s usual standards. It is of course, a false analogy to compare Obama to Mises, and an incredibly horrid one at that given that there are absolutely no similarities in their views. Obama still supports massive government deficits, even if he thinks that past a certain point they might become counterproductive. Of Mises, I’m quite sure Mike Whitney knows absolutely nothing, except for the fact that he was supportive of free markets. However, I think that there are many gems to be found in this article, such as:
“$1 trillion, $2 trillion, even $3 trillion–whatever it takes–should be pumped into the jet-stream so the dollars fall to earth like a spring rain from sea to shining sea.”
“Stimulus works in multiple ways. It also helps increase inflation expectations which is necessary to get people spending again. In a deflationary environment, consumers stop spending and the economy grinds to a halt.”
“But there is a remedy, and it doesn’t involve decades of cave-dwelling and a steady diet of processed cheese and beans. Stimulus works.”