vee pee announcement pre-celebration thread

[Trotskilicious]

are you against government backed currency is that your position because yes omega, that's pretty radical. even milton friedman thinks you, and ron paul, are idiots.

[jczeroman]

Originally Posted by Trotskilicious

i'm not a doctoral candidate in economics or political philosophy but as well as i understand it it's anarcho capitalism, which is the idea that capitalism is strong enough to order society through the pursuit of profit and benign self-interest to the extent that government is entirely unnecessary

mainstream libertarians, of the hilarious ronpaul variety and milton friedman as well, see government still having a limited role

Just because I think it would clear up a bit of confusion, I want to correct this. It's a travesty that the American right and, yes, many Ron Paul fans, are claiming that Austrian economics is somehow about "following the constitution" or "free markets" or that "capitalism is the best." Austrian economics, and yes, I would consider myself an Austrian, is actually value free. That is, Austrians really don't have to be capitalists and many aren't.

The school is entirely about methodology: many (some Austrians say all) economic behavior should be studied deductively from the axiom that "all humans act."

http://en.wikipedia.org/wiki/Praxeology

Many prominent and vocal Austrians are anarcho-capitalists, but these things aren't synonymous.

[jczeroman]

Originally Posted by Trotskilicious

by the way jczeroman i have been very curious about currency lately, friedman thinks the mint is one of government's roles, but i was wondering if you could illuminate some of the more radical positions on free market currency and how that would work

Two different positions which would probably keep you busy are:

Free banking: http://en.wikipedia.org/wiki/Free_banking

Mutualist banking: http://en.wikipedia.org/wiki/Mutuali...#Mutual_credit

[Trotskilicious]

well at least we can agree that the ronpaul libertarians that want to legislate wombs are jokes