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20
Psychopath Elon Musk Confesses to Lithium Coup in Bolivia - “We will coup whoever we want!" (www.telesurenglish.net)
posted 5 years ago by YourLordPutin 5 years ago by YourLordPutin +20 / -0
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– jager 2 points 5 years ago +2 / -0

The Constitution specifies the Government should maintain a sound currency and a system of weights and measures to facilitate trade. Von Mises believed that another role of Government is to enforce contracts and to prosecute fraud. I'm not sure if I totally agree with the Austrian economists, but I think they at least make more sense than the Modem Monetary Theorists and Keynesians. Every market intervention has unintended and usually bad consequences.

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– deleted 1 point 5 years ago +1 / -0
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– jager 2 points 5 years ago +2 / -0

I am not, I'm sorry. I did a quick search and he seems to be the premier economists of the German Nazi party. At a glance, it seems Von Mises did not approve of his ideas, although I can certainly agree with him that usury is a major problem in our world today, as it was in his back then. The book Omnipotent Government by Ludwig Von Mises appears to be explicitly concerned with the German economic phenomenon. His conclusion was something like:

"Our civilization is based on the international division of labor. It can not survive under autarky. Protectionism and autarky will lead to disintegration and pasteurization. Such conditions expedite aggression of totalitarian states."

I haven't read the book but in general agree with him and the Austrian school on economic questions. Socialism is bad, managed currencies are bad, managed economies are bad and essentially impossible in the long run. Sorry I can't offer more.

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– deleted 1 point 5 years ago +1 / -0
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– jager 2 points 5 years ago +2 / -0

Also, by the way, I read a book once that talked about labour as currency. It was science fiction pulp but I really remember being struck by the currency in the book and wondering if such an economy could work.

https://stainlesssteelrat.fandom.com/wiki/Chojecki

Edited to say that you do seem to be talking about this vaguely remembered philosophy from the books of my youth. Individual Mutualism. I will read about it. Thanks!

http://en.wikipedia.org/wiki/Mutualism_(economic_theory)

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– jager 1 point 5 years ago +1 / -0

You might be interested in this video I stumbled across while looking up Feder:

https://youtu.be/NxwidjWJxAc

It details some of the ways that the market was deformed by Hitler's socialism. Things like buying whole trucks, keeping the rubber and scrapping the rest. Market inefficiency is practically synonymous with socialism.

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