Reply to Thread

Message:: [QUOTE="V. Kurt Bellman, post: 2494836, member: 71723"]And since Dan's quote is from Mises.org, it can be immediately disregarded as junk so outside the mainstream that is fundamentally untrustworthy and useless. Remember, - Austrian School - of, by and for "cranks", over invested in their own entitlement to the exclusion of all else. Macroeconomics is by its very nature focused on the "we" to the exclusion of the "me", a thing that the Austrian School can't even process. They're all about the self and deny the collective economy largely even exists. Keep in mind: every dime of income has to be spent by somebody else at the very same instant. We ARE all in this together, whether Mises and Hayek wanted to write about it or not, and whether Dan sees it or not. There is an Austrian School archetype in the Warner Brothers stable of characters. I think of him every time I read nonsense from Mises or Hayek. His name is Yosemite Sam. He knew only three ways to obtain income - steal it, find it laying around, or dig it out of the ground. Presto, Austrian School economics. But work cooperatively with anyone else, human or rabbit? Never occurred to him. In order for Sam to win, everyone else had to lose. This is Austrian School. [/drops the mic][/QUOTE]