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Do you agree with Zarlenga or Aguilar?

Do you agree with Zarlenga or Aguilar?

  • Stephen Zarlenga

    Votes: 0 0.0%
  • Victor Aguilar

    Votes: 1 100.0%

  • Total voters
    1

Onion Eater

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Stephen Zarlenga said:
Infrastructure repair (including human infrastructure - health and education) would provide quality employment throughout the nation. There is a pretense that government must either borrow or tax to get the money for such projects. But it is a well enough known, that the government can directly create the money needed and spend it into circulation for such projects, without inflationary results.
Source.

Victor Aguilar said:
In America we have only had one bout with hyperinflation and, over 200 years later, the phrase “not worth a Continental” is still part of our language. Indeed, the collapse of the Continental was inevitable because, having spent Continentals directly into the economy (mostly for soldiers’ wages), the Continental Congress had nothing in their portfolio with which they could buy them back. They were, in fact, benevolent men who had no desire to see their newly-won nation racked with hyperinflation, but they could no more recall the paper money that they had printed than Frankenstein could recall his monster.
Source.
 

phattonez

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Are you still upset that your book has no reviews on Amazon?
 

Onion Eater

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Are you still upset that your book has no reviews on Amazon?
Link please.

However, while we are on the topic of Amazon reviews, let's take a look at the books that the Austrians are reviewing:

Peter J. Boettke writes:

Peter J. Boettke said:
Theodore A. Burczak's Socialism after Hayek is a thoroughly researched and thoughtful examination not only of the ideological debate that framed the twentieth century, but of Hayek's intellectual framework. Burczak hopes for an economic framework that is both humanistic in its approach and humanitarian in its concern while being grounded in good reasons. The book should be on the reading list of every comparative political economist and in particular anyone who wants to take Hayek seriously, including those who would like to push Hayek's classical liberal politics toward the left in the twenty-first century. Burczak has made an outstanding contribution to the fields of political and economic thought and to Hayek studies in particular.
Since when have the Austrians wanted to "push Hayek's classical liberal politics toward the left?" All the way left to socialism???

Is this really the new position of Austrian economics? For those who don't know, Peter Boettke is the Director of Graduate Studies in Economics at George Mason University, Fairfax, Virginia. He is also the editor of the Review of Austrian Economics. So I would take his opinion as canonical. Is it not?
 

phattonez

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Link please.
Amazon.com: Axiomatic Theory of Economics (9781560722960): Victor Aguilar: Books

Is this really the new position of Austrian economics? For those who don't know, Peter Boettke is the Director of Graduate Studies in Economics at George Mason University, Fairfax, Virginia. He is also the editor of the Review of Austrian Economics. So I would take his opinion as canonical. Is it not?
For a believer in straw man arguments, any opinion that suits you is canonical.
 

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Amazon.com: Axiomatic Theory of Economics (9781560722960): Victor Aguilar: Books

For a believer in straw man arguments, any opinion that suits you is canonical.
You said that I was upset about the lack of Amazon reviews. Link to somewhere that I had complained about this issue or stop trying to put words in my mouth.

The Society for the Development of Austrian Economics gave Burczak $1000 and named him the preeminent Austrian economist in 2007.

Your problem is that you do not read academic journals, attend conferences or even know the names of acknowledged leaders like the editor of the Review of Austrian Economics. Your idea of canonical is based entirely on the bumper stickers they sell in their gift shop.

If you ever plan to learn what the Austrian leadership actually believes in, you can start with this journal article:

Review of Austrian Economics said:
Socialist objectives can be achieved in a market context with the rule of law if market socialism were to take the form of competitive worker-owned and self-managed enterprises, supplemented by universally available welfare redistributions, which could include a basic income, universal capital grants, or education and health insurance vouchers.
 

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Phattonez-

Here's a hint on debating tactics: Accusing your opponent of straw man arguments only works if he has not provided verbatim quotations from acknowledged leaders in the field. The following link is an example of a straw man argument:

http://www.debatepolitics.com/econo...rcial-propery-jingle-mail.html#post1058988965

See how Gladiator paraphrases my position ("So your point is...") while actually completely misrepresenting it? This is a very different thing than what I am doing, which is providing lengthy verbatim quotations of acknowledged leaders like journal editors.

Nobody familiar with academia would deny that the editor of a journal is an acknowledged leader and, since I quote him at length, nobody can claim that I paraphrased his position.

See?
 
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phattonez

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Nobody familiar with academia would deny that the editor of a journal is an acknowledged leader
See what? You can't debunk the entire Austrian school by highlighting various individuals. You need to get at the methodology of the Austrian school. As for myself, I really don't care what Zarlenga or Boettke have to say. It makes no difference. If they spout off socialist nonsense does not make me a socialist. Have fun finding the problems of individuals, no matter how good it makes you feel it still doesn't make you a serious economist.
 

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You can't debunk the entire Austrian school by highlighting various individuals.
The only Austrians who really matter are the ones with a voice on the House floor.

Richard C. Cook said:
I worked with Steve [Zarlenga] on his first draft of the American Monetary Act. The time came when Steve and I began to meet with Congressman Dennis Kucinich, briefing him and others in Washington on monetary ideas.

So much has happened since then. So many more people have become aware of the evils of the debt-based monetary system. We have seen Congressman Ron Paul ignite a national wave of revulsion against the Federal Reserve System. There is now even hope that the American Monetary Act might be introduced on the floor of Congress.
Congressman Ron Paul, for instance, has the weight of the Tea Party behind him and is using it to promote Zarlenga's American Monetary Act.

I really don't care what Zarlenga or Boettke have to say. It makes no difference. If they spout off socialist nonsense does not make me a socialist.
The fact that you are attacking their enemies for them makes you their dog.
 

phattonez

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Oh yes, I am a slave to the Austrians. You are entirely correct. You have discovered me for who I truly am. You are the best economist the world has ever seen. Congratulations.
 

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Frankly, at this point in time, I have zero strong opinion about either of them. But, the ongoing sniping interspersed with (too few, IMO) occasional moments of honest-to-debate, has gotten me interested in learning more about them in general and the Austrian school in particular. For that, thanks to both! I'll check back later when I have a more informed opinion...

BTW, a couple of interesting blog posts elsewhere about Minsky. Anyone have observations re: Minsky? If you do, lets don't hijack this thread but perhaps start a new one?
 

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Stephen Zarlenga said:
Infrastructure repair (including human infrastructure - health and education) would provide quality employment throughout the nation. There is a pretense that government must either borrow or tax to get the money for such projects. But it is a well enough known, that the government can directly create the money needed and spend it into circulation for such projects, without inflationary results.
Is there anybody with an education past the eighth grade who believes this bunk?

If not, then why am I the only economist who stands in Zarlenga's way? Every year another congressman throws his weight behind the American Monetary Act. One of these years they are going to get it passed. Then, a week later, the dollar will collapse. The bill is really that bad.

Join me now to fight stupidity in Congress!!!
 

phattonez

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Yes Aguilar, you are the only one who disagrees with that theory. The ONLY one.
 

oldreliable67

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Zarlenga said:
Infrastructure repair (including human infrastructure - health and education) would provide quality employment throughout the nation. There is a pretense that government must either borrow or tax to get the money for such projects. But it is a well enough known, that the government can directly create the money needed and spend it into circulation for such projects, without inflationary results.
Isn't that rather a Minsky-ish approach: gov't should not be concerned with deficits, it should only be concerned about the 'quality' of it's projects?
 

phattonez

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It's more based on the ludicrous real Bills doctrine which was abandoned long ago for the quantity theory of money.
 
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