3 ms·

> No one who understands modern economics wants to bring back the gold standard Except, of course, Miseans.

agentultra 2y ago
The Ludwig von Mises & Rockwell Miseans? They want to bring back a whole lot of other bad ideas too [0]. Hence the red flag. [0] https://www.splcenter.org/resources/reports/neo-confederates/ https://www.splcenter.org/resources/reports/neo-confederates...
- desumeku 2y ago
  Did you seriously just try and conflate austrian economics with racism?
  - agentultra 2y ago
    Me, personally? No. I didn't have to do anything. Mises did it himself. Rockwell, Koch, Blumbert, Ron Paul, etc co-opted it and amplified it. Mises did it to his own ideology. He was often employed by the Hapsburgs. Otto von Hapsburg was a sponsor of the Mises institute. His writings and ideas remain fringe because it comes with the baggage of racial politics and the monarchy stuff. Modern libertarian anarchists that still follow the Austrian school may reject some of those parts but the radical organizations that have co-opted it certainly haven't... and guess who's in power right now in the US? Besides, the Praxeological arguments and system haven't held up. The field moved on to empiricism. Mises isn't often remembered for those arguments. It's generally the other stuff people seem to dig up. It's still a fringe theory and will probably remain that way. Update: gold standard/gold-hoarding is strongly associated with radical right-wing extremists, hence red-flag. OP says, "diversity is our strength," which is encouraging... but gold standard stuff, even if simplistic ("gold real, debt imaginary"), is still a red-flag.
    - desumeku 2y ago
      It's all a fringe theory, until it isn't.
      - agentultra 2y ago
        Ok, claiming it's a fringe theory isn't a strong criticism. A theory that rejects empiricism and is based on private ownership, an idealized vision of markets, and limited state intervention is refuted by so many wars.
        desumeku 2y ago
        Which wars, specifically?

The Ludwig von Mises & Rockwell Miseans? They want to bring back a whole lot of other bad ideas too [0]. Hence the red flag. [0] https://www.splcenter.org/resources/reports/neo-confederates/ https://www.splcenter.org/resources/reports/neo-confederates...

desumeku 2y ago
Did you seriously just try and conflate austrian economics with racism?
- agentultra 2y ago
  Me, personally? No. I didn't have to do anything. Mises did it himself. Rockwell, Koch, Blumbert, Ron Paul, etc co-opted it and amplified it. Mises did it to his own ideology. He was often employed by the Hapsburgs. Otto von Hapsburg was a sponsor of the Mises institute. His writings and ideas remain fringe because it comes with the baggage of racial politics and the monarchy stuff. Modern libertarian anarchists that still follow the Austrian school may reject some of those parts but the radical organizations that have co-opted it certainly haven't... and guess who's in power right now in the US? Besides, the Praxeological arguments and system haven't held up. The field moved on to empiricism. Mises isn't often remembered for those arguments. It's generally the other stuff people seem to dig up. It's still a fringe theory and will probably remain that way. Update: gold standard/gold-hoarding is strongly associated with radical right-wing extremists, hence red-flag. OP says, "diversity is our strength," which is encouraging... but gold standard stuff, even if simplistic ("gold real, debt imaginary"), is still a red-flag.
  - desumeku 2y ago
    It's all a fringe theory, until it isn't.
    - agentultra 2y ago
      Ok, claiming it's a fringe theory isn't a strong criticism. A theory that rejects empiricism and is based on private ownership, an idealized vision of markets, and limited state intervention is refuted by so many wars.
      - desumeku 2y ago
        Which wars, specifically?