Well they generally avoid empiricism because there is an infinity of facts. But no school predicts better than the Austrians. So if you want to judge by outcome, Austrians win.
You probably think having lots of stats and facts are the way to develop a sound economic theory. That’s called empiricism, and it has been a manifest failure. It takes more than an atom to calculate an atom, and a market cannot calculate itself, let alone a few thousand men.
because he predicted the recession in 2003…that to me is prophetic. Everyone in congress is there as a pawn. They have no mind of their own, they do what the trilateral comitee tells them. Ron Paul stands out….till he gets assassinated for endangering the new world order…..
I agree. The Fed and our policy leaders can’t seem to realize that interventionism is a fallacy and that this bloated military presence on the global stage is actually creating more enemies than making us safer.
NWO BUSH/Cheney/Rockefeller/ rothschild.
DUMP THE FED RES. shove their ASS’s in the ocean…
russian catholic jews… Illuminati The NWO.
Brzezinski was commissioned by BUSH / Rockefeller to
reorganize the NWO.
PRESCOTT BUSH was charged with WAR CRIMES 1945
sued bye HOLOCAUST survivors. Bush used jew slaves for his steel plant in Aucshwitz producing steel for HITLER tanks, rails, KILLING 50 million citizens for INDUSTRIAL GREED. Rockefeller sold HITLER all the oil for WW2.
Standard oil
Since the establishment of the Fed we have been in two world wars, Vietnam, North Korea, Grenada, Afghanistan, and Iraq twice. Credit expansion is necessary to finance war and enables our government to do so. Wilson pushed for The Fed in part so we could more readily wage war when needed and “make the world safe for democracy.”
I argue that the Fed hasn’t made us more secure at home or abroad.
Since the collape of Bretton Woods and the end of the gold standard: Stagflation of the 70s, the 2000 recession and the crash of today. An entire LOST decade of zero real growth. 35 deficits in 39 years, three global banking crisises, a global collapse of financial markets, the explosion of national debt, the record devaluation of our currency, the largest transfer of income from the poor and middle class to the rich and rising tax burdens.
What you fail to understand was it was government manipulation of gold and silver and the government created credit expansion during the civil war (and the collateral damage from the civil war itself to the economy) which created those problems during the late 1800s.
Then there was the Great Depression, the worst contraction in our nation’s history, occurred under the watch of the Federal Reserve.
And was it the Federal Reserve that stabilized, or the Bretton Woods agreement?
The problem with education is government intervention came special interest agenda. The first example is physical education which was implemented to make our students more prepared for war. From there it snowballed with the creation of the Department of Education. Now education is completely diluted with polticial, corporate and social agenda leaving less emphasis on basic skills.
Well the current public education system is so ineffective. People don’t understand when you privatize something, it becomes more personal and has a greater chance for success.
The problem is that people are short-sighted and do not understand markets and economics.
You’d have public employee unions lobbying against this because the public school monopoly only helps them and their members.
Also, it’s easy for political demagogues to label anyone that’s against public schools as against opportunity for the students. In reality, of course, the opposite is true. Private schools are good for students and the general public.
@DefenceAlliance
right the only solution is to eliminate demand to lower prices….
freemarket economics doesnt exists and wont exist due to world trade…
Ron paul is lying with gold…with gold standard recessionsused to be longer and stronger…jsut look it up at the recesions in the 1800s…….
I agree with Mr. Paul and I think we should completely privatize the education sector. This would not only save the government millions of dollars, but it would also produce more intelligent people (sourcing numbers from ACT/SAT test scores). It would also provide a cheaper and better education to the student.
Never liked Scarborough. Not a strong conservative. I think of him as a hanger on’r. He never comes up with anything original but merely echoes the actual thinkers in talk radio.
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Ron Paul is awesome hehe
Well they generally avoid empiricism because there is an infinity of facts. But no school predicts better than the Austrians. So if you want to judge by outcome, Austrians win.
You probably think having lots of stats and facts are the way to develop a sound economic theory. That’s called empiricism, and it has been a manifest failure. It takes more than an atom to calculate an atom, and a market cannot calculate itself, let alone a few thousand men.
I could almost weep for our nation.
Government sold us this utopian free ride at a tremendous price that we will never be able to pay off.
The only bubble they have created is a government bubble and once that pops..
end game. America bought on the market for pennies on the worthless dollar.
Ron is so prophetic.
because he predicted the recession in 2003…that to me is prophetic. Everyone in congress is there as a pawn. They have no mind of their own, they do what the trilateral comitee tells them. Ron Paul stands out….till he gets assassinated for endangering the new world order…..
Austrian School of economic thought is empirically bankrupt.
I agree. The Fed and our policy leaders can’t seem to realize that interventionism is a fallacy and that this bloated military presence on the global stage is actually creating more enemies than making us safer.
Your right. Ron Paul is a God.
this interview is so prejudist.How can they even call this dumbass, Ron Paul, a “prophet”!!!!
God Mika Brzezinski is a MILF
Everything which is not constitutional!
Look Up I.G.Farben
NWO BUSH/Cheney/Rockefeller/ rothschild.
DUMP THE FED RES. shove their ASS’s in the ocean…
russian catholic jews… Illuminati The NWO.
Brzezinski was commissioned by BUSH / Rockefeller to
reorganize the NWO.
PRESCOTT BUSH was charged with WAR CRIMES 1945
sued bye HOLOCAUST survivors. Bush used jew slaves for his steel plant in Aucshwitz producing steel for HITLER tanks, rails, KILLING 50 million citizens for INDUSTRIAL GREED. Rockefeller sold HITLER all the oil for WW2.
Standard oil
Oh, and the costly cold war.
Since the establishment of the Fed we have been in two world wars, Vietnam, North Korea, Grenada, Afghanistan, and Iraq twice. Credit expansion is necessary to finance war and enables our government to do so. Wilson pushed for The Fed in part so we could more readily wage war when needed and “make the world safe for democracy.”
I argue that the Fed hasn’t made us more secure at home or abroad.
Since the collape of Bretton Woods and the end of the gold standard: Stagflation of the 70s, the 2000 recession and the crash of today. An entire LOST decade of zero real growth. 35 deficits in 39 years, three global banking crisises, a global collapse of financial markets, the explosion of national debt, the record devaluation of our currency, the largest transfer of income from the poor and middle class to the rich and rising tax burdens.
Gotta love this security from the Fed.
What you fail to understand was it was government manipulation of gold and silver and the government created credit expansion during the civil war (and the collateral damage from the civil war itself to the economy) which created those problems during the late 1800s.
Then there was the Great Depression, the worst contraction in our nation’s history, occurred under the watch of the Federal Reserve.
And was it the Federal Reserve that stabilized, or the Bretton Woods agreement?
The problem with education is government intervention came special interest agenda. The first example is physical education which was implemented to make our students more prepared for war. From there it snowballed with the creation of the Department of Education. Now education is completely diluted with polticial, corporate and social agenda leaving less emphasis on basic skills.
Never in my life have I heard a more responsible and reasonable statement.
Well the current public education system is so ineffective. People don’t understand when you privatize something, it becomes more personal and has a greater chance for success.
@DefenceAlliance
I completely agree.
The problem is that people are short-sighted and do not understand markets and economics.
You’d have public employee unions lobbying against this because the public school monopoly only helps them and their members.
Also, it’s easy for political demagogues to label anyone that’s against public schools as against opportunity for the students. In reality, of course, the opposite is true. Private schools are good for students and the general public.
Going to a gold standard would be incredibly hard, but the alternative is much much worse.
@DefenceAlliance
right the only solution is to eliminate demand to lower prices….
freemarket economics doesnt exists and wont exist due to world trade…
Ron paul is lying with gold…with gold standard recessionsused to be longer and stronger…jsut look it up at the recesions in the 1800s…….
I agree with Mr. Paul and I think we should completely privatize the education sector. This would not only save the government millions of dollars, but it would also produce more intelligent people (sourcing numbers from ACT/SAT test scores). It would also provide a cheaper and better education to the student.
Never liked Scarborough. Not a strong conservative. I think of him as a hanger on’r. He never comes up with anything original but merely echoes the actual thinkers in talk radio.