badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 15 April 2016

[–]Post_Capitalist_2 0ポイント1ポイント  (0子コメント)

Economically speaking, was there ever anything as bad as the Great Depression? If not, what economic crises came closest?

badeconomics 内の AutoModerator によるリンク The Gold Discussion Sticky. Come ask questions and discuss economics - 14 April 2016

[–]Post_Capitalist_2 1ポイント2ポイント  (0子コメント)

Could someone explain Milton Friedman's "plucking model" to me.

Also, how accurate is this Mises article claiming his model has "failed"?

badeconomics 内の VodkaHaze によるリンク Rent in cities with more regulation grow faster than in cities with less regulation!

[–]Post_Capitalist_2 1ポイント2ポイント  (0子コメント)

Your link doesn't show a massive correlation but it does seem like the more restrictive the land use laws are the more you will probably be paying. There are definitely outliers and the biggest cluster seems to be around here. Still I think as a rule of thumb stricter laws in regards to land use will result in higher prices, not always, but you should expect it.

badeconomics 内の gorbachev によるリンク Toward a Novel Source of Bad Economics: A Brief Tour of R/Preppers

[–]Post_Capitalist_2 5ポイント6ポイント  (0子コメント)

Japan actually owns about the same amount of debt China does, I never here anyone panicking about them though.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 14 April 2016

[–]Post_Capitalist_2 6ポイント7ポイント  (0子コメント)

If you want to understand how anarcho-capitalism would work, let Triple H be your guide.

"A member of the human race who is completely incapable of understanding the higher productivity of labor performed under a division of labor based on private property is not properly speaking a person… but falls instead into the same moral category as an animal – of either the harmless sort (to be domesticated and employed as a producer or consumer good, or to be enjoyed as a “free good”) or the wild and dangerous one (to be fought as a pest). On the other hand, there are members of the human species who are capable of understanding the [value of the division of labor] but...who knowingly act wrongly… [B]esides having to be tamed or even physically defeated [they] must also be punished… to make them understand the nature of their wrongdoings and hopefully teach them a lesson for the future."

p.173

"Not surprisingly, then, from the outset the libertarian movement attracted an unusually high number of abnormal and persevere followers. Subsequently, the countercultural ambiance and multicultural-relativisitc "tolerance" of the libertarian movement attracted even greater numbers of misfits, personal or professional failures, or plain losers. Murray Rothbard, in disgust, called them the "nihlo-libertarians" and identified them as the "modal" (typical and representative) libertarians. They fantasized of a society where everyone would be free to choose and cultivate whatever nonaggressive lifestyle, career or character he wanted, and where, as a result of free-market economics, everyone could do so on an elevated level of general prosperity. Ironically, the movement that had set out to dismantle the state and restore private property and market economics was largely appropriated, and its appearance shaped, by the mental and emotional products of the welfare state: the class of permanent adolescents."

p.207

"True libertarians cannot emphasize enough, is that the restoration of private property rights and laissez-faire economics implies a sharp and drastic increase in social “discrimination” and will swiftly eliminate most if not all of the multi-cultural-egalitarian life style experiments so close to the heart of left libertarians. [...] In other words libertarians must be radical and uncompromising conservatives. Contrary to the left libertarians assembled around such institutions as the Cato Institute and the Institute for Justice, for instance, who seek the assistance of the central government in the enforcement of various policies of nondiscrimination and call for nondiscriminatory or "free" immigration policy, true libertarians must embrace discrimination"

p.208

"There would be signs regarding entrance requirements to the town, and, once in town, requirements for entering specific pieces of property(for example, no beggars, bums, or homeless, but also no homosexuals, drug users, Jews, Moslems, Germans, or Zulus), and those who do not meet these entrance requirements would be kicked out as trespassers."

p.211

"In a covenant concluded among proprietor and community tenants for the purpose of protecting their private property, no such thing as a right to free (unlimited) speech exists, not even to unlimited speech on one's own tenant-property. One may say innumerable things and promote almost any idea under the sun, but naturally no one is permitted to advocate ideas contrary to the very purpose of the covenant of preserving and protecting private property, such as democracy and communism. There can be no tolerance toward democrats and communists in a libertarian social order. They will have to be physically separated and expelled from society. Likewise, in a covenant founded for the purpose of protecting family and kin, there can be no tolerance toward those habitually promoting lifestyles incompatible with this goal. They – the advocates of alternative, non-family and kin-centered lifestyles such as, for instance, individual hedonism, parasitism, nature-environment worship, homosexuality, or communism – will have to be physically removed from society, too, if one is to maintain a libertarian order."

p.218

Sources: Hoppe, Hans-Hermann. Democracy: The God That Failed. New Brunswick: Transaction Publishers, 2001. 207, 208, 211, 218.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 12 April 2016

[–]Post_Capitalist_2 3ポイント4ポイント  (0子コメント)

I'm somewhat annoyed by Milton Friedman. Yes, he was easily top 2 economists of the 20th century and maybe even #1. Yes, I have some of his books. Yes, I have read some of his work. But, honestly, I felt that he was way too dogmatic in his support of markets. People here give him a pass because he wasn't as bad as the an-caps but especially toward the end of his life he seemed to be getting more extreme with his support of capitalism. I especially hated when he would call government programs like education or anti-drug law enforcement "socialist institutions/enterprises". I have also seen a few legitimate critiques of his empirical work that seem to just get glossed over.

On the other side Thomas Piketty is annoying me as well because he also a great economist but I feel like he's trying to be the patron saint of social and economic justice. Joseph Stiglitz has been doing the same thing where now all he is writes in his books and papers is about inequality. I feel like he jumped on the economic inequality band wagon to milk it because its a hot topic. A lot of economists who lean towards the political left seem to have done that and it feels kind of fake to me. I don't dislike any of them but they're just annoying me at the moment.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 12 April 2016

[–]Post_Capitalist_2 8ポイント9ポイント  (0子コメント)

He's extremely well known by the public, mostly because he's an African American conservative, but he has published almost nothing. Many of his actual publications in journals deal with Marxism and classical economics which is interesting but in the modern world of economics, useless. According to google scholar none of his published articles have very many citations, 30-40 is the usual high end.

The public's superficial understanding of what economics is has them perceive him to be on same level as Milton Friedman, more or less because they share a similar political philosophy. The truth is, however, if economists were Greek Gods Milton would rank amongst the Titans, Sowell would be an obscure deity.

All of his work here.

http://www.tsowell.com/writings.html

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 12 April 2016

[–]Post_Capitalist_2 2ポイント3ポイント  (0子コメント)

It does't really matter because there are a lot of ways of getting around the laws. Call girls and escorts are much more common than you would expect and sex for money is fairly easy to get away with it. These aren't the cliched hookers walking the street at night, they are women(and some men) who become connected and develop a reputation. I'm personally apposed to it but a lot of women both poor and middle class sell their services with relative ease.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 12 April 2016

[–]Post_Capitalist_2 9ポイント10ポイント  (0子コメント)

Everyone's favorite Austrian economist Bob Murphy "proves" God is real because he claims he saw his sons rocking horse move on its own.

FULLCOMMUNISM 内の Post_Capitalist_2 によるリンク >Fascism will work this time

[–]Post_Capitalist_2[S] 45ポイント46ポイント  (0子コメント)

I did as well, then Trump got popular. He isn't an actual fascist but he definitely has xenophobic and nativist tendencies that border on it.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 12 April 2016

[–]Post_Capitalist_2 1ポイント2ポイント  (0子コメント)

This is very much about what you think society should be, but what is the best form of government in conjunction with a capitalist economy?

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 11 April 2016

[–]Post_Capitalist_2 0ポイント1ポイント  (0子コメント)

Aren't those defined as "consumer durables" because they get used more than once but aren't being directly used to generate wealth.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 11 April 2016

[–]Post_Capitalist_2 3ポイント4ポイント  (0子コメント)

Honestly, privatization, at least a limited one would be a good move. Leasing land/water to allow foreign companies to drill might also be good in the short term. The government probably doesn't want to appear to be "selling out" to America but even the Soviet Union allowed for limited joint ventures between American companies and their state enterprises in the 20's and 30's.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 11 April 2016

[–]Post_Capitalist_2 2ポイント3ポイント  (0子コメント)

I think this is a politics question

That probably is the majority of the problem. The ruling socialist party is in total denial about what they've done. The more I research the topic the more I find the two same issues pop up. Monetary policy and the state oil company. I think almost every country in the world has a central bank, few have 700% inflation. Many of the largest oil companies in the world are state owned or majority state owned enterprises in Russia and China. Even Norway has a sizable state run oil company. They just don't put political hacks in charge of them. The issue seems to be management and so long as poor managers are put in charge the situation won't get better. From what I understand Maduro has surrounded himself with far left academic yes-men so it doesn't seem like it will.

badeconomics 内の AutoModerator によるリンク The Silver Discussion Sticky. Come shoot the shit and discuss the bad economics. - 11 April 2016

[–]Post_Capitalist_2 5ポイント6ポイント  (0子コメント)

How could Venezuela rescue its dying economy and stave of a complete collapse? Obviously putting Ben Bernanke in charge of their central bank would be a good first step, but what else could be done?

conspiratard 内の Youma によるリンク "I do my research unlike you"

[–]Post_Capitalist_2 12ポイント13ポイント  (0子コメント)

It doesn't even seem possible people can be this misinformed.