the absolute state of liberty
gets spammed by some neoclassical shitlord and BO is too busy fucking his cambodian child slaves to do anything about it
>>77931
>gold standard is unstable and not a viable currency, susceptible to fraud and dependent upon mining
yes, because you can't print your way out of war with gold standard
Nixon sends his regards
want to know what state didn't print money like there's no tomorrow to finance its wars? USSR in ww2
really makes you think, huh?
>they are openly anti-scientific, rely on "praxeology", they are philosopher at best
>implying that mainstream mathematical economics are scientific
scientific is you build a model - you test it against empirical data
it's not you build a model with asinine assumptions - you threat all data that contradict your model as "externalities"
>dumb ideology funded by koch brothers think tanks (CATO) to convince ignorant armchair economists
>implying all vulgar bourgeois economy isn't paid for by bourgeoisie or its pet state
you both eat from the same hand, dumbfuck
>every prediction they had is proven wrong
and what predictions your snowflake theory made that came true? I assume you're some kind of neoclassical synthesis faggot
just one word then
STAGFLATION
>they business cycle theory is wrong
lol, and your crisis theory is any better?
what is it, Minsky moment? animal spirits voodoo?
there's just no coherent crisis theory aside from Marx's theory of periodic crises based on the TRPF
>they don't use scientific method, no maths, no statistics, nothing, just speculation
check your assumptions
and don't even begin on economic statistics, it's fucking shit
>mainstream economics agrees with less than half of their policy
that's more like a compliment than a critique really
>only good thing to come out of it was Hayek
Hayek was literally the shittiest of them all
his Road to Serfdom reads like a shitty propaganda pamphlet written by a twelve year old liberty poster after his mom forced him to eat broccoli for breakfast
>He contributed to price theory, and added to the socialist calculation problem.
muh tacit knowledge muh market distributed computer
such contributions much wow
also been btfod since 1994
http://reality.gn.apc.org/econ/hayek.htm