Zeitgeist delusion = hilarity.

[Aristophan3s]

I commented on a video on youtube and got this retarded email response. You guys should have fun with it. It is just some kid that has no idea what he is talking about.

I was trying to stand up for Ron Paul and said this :

"Ending the Fed would be chaotic, allowing “competition” means to allow people to trade other things and be free to barter at the store [among other things]… That way, inflation doesn’t eat your savings, etc. Paul is just responsible…

And for the ZG people, every ‘economy’ is resourced based. That is the point of pricing. The definition of economics is to study distribution of resources under conditions of scarcity. Gold prevented banks and governments from creating credit ad infinitum.That is why prices go up"

Random dumb guy response:

"The Zeitgeist Movement’s notion of a resource based economy is to do just that- economize. All economies are fundamentally dictated by real scarcity and assumed scarcity. The relevance of gold, however, was to act as a system of barter for the exchange of goods and services. Marketing within a monetary based system, whether based on a gold standard or fiat, invariably leads to the perversion of economics for it encourages malpractice of trade and barter given an incremental debt. "

[Jargon]

I don’t understand what he’s trying to say.

[EmperorNero]

The irony is that the zeitgeisters think that money causes scarcity, thus they want to abolish the need to pay for stuff in order to create abundance… out of thin air. Theirs is a “monetary based system”, in the sense that their method to create wealth is meddling with money. Supply side economists, on the other hand, understand that scarcity is caused by scarcity of resources, not scarcity of money. Our system is “resource based”, since we’re concerned with how to produce resources.

[ClaytonB]

Don’t ZGers know that using ‘for’ instead of ‘because’ makes them sound either 19th-century or like some trite sayings in an overly furtive Yoga brochure?

Clayton -

[nathan.rdrgz]

The Zeitgeist movement is refined socialism for the 21st century. Robert Murphy has had some interesting open debates with them, putting them in their place.

[Loppu]

“The Zeitgeist movement is refined socialism for the 21st century. Robert Murphy has had some interesting open debates with them, putting them in their place.”

Where can I find these debates?

[Neodoxy]

What does “malpractice of trade” and what’s wrong with incremental debt? Furthermore debt and even interest is perfectly possible in a barter economy.

Money, when not tampered with, is as perfect a system as one can get order to calculate efficiently and really see what the real conditions of scarcity and wants are.

[Wesker1982]

" Robert Murphy has had some interesting open debates with them, putting them in their place."

Where and when was this? Recorded? Would be interesting to see.

[Aristophan3s]

Here is another brilliant response,

yeah you don’t get it. its about intelligent resource management and applying systems theory, not basing the economy on money and profit.

I reminded him that that is the function of prices.

I would also like to see Robert Murphy refute them. However, I am skeptical he has done so.

[nathan.rdrgz]

There is the following article: http://mises.org/daily/4636

Also, there were some posts on Murphy’s own blog, along with a couple web radio replies from either the Venus Project or a random Zeitgeist group. I remember these because they assisted me in discussing the resource-based economy with a supporter of the Venus Project earlier this year.

I can not get to the various links, due to me utilizing a DoD network connection where I am unable to access many sites. (I’m surprised I can get to mises.org or LRC)

[Neodoxy]

“invariably leads to the perversion of economics for it encourages malpractice of trade and barter given an incremental debt.”

That’s some nice jargon, bro.