MenKlash

I mean if you’re gonna criticize the whole capitalist system sure.

1. The Federal Reserve purchases assets and thereby increasing bank reserves.
2. The banks expand credit and consequently the money supply.
3. All prices are raised, and the rate of interest is artificially lowered.
4. Misleading signals to businessmen starts to emerge, causing them to make malinvestments.
5. Businesses overinvest in capital goods and underinvest in consumer goods.
6. As the “time preference” of the public have not really got lower, consuming is preferred over saving.
7. There is a lack of enough saving-and-investment to buy all the new capital goods.
8. Then, “depression” originates in order to reestablish the consumer’s old time-preference proportions.
9. The banks return to their natural and desired course of credit expansion…

FIAT money is independent of capitalism. Its coercive existence leads to distortions of relative prices and the production system, as government and its central bank will always tend to be inflationary.

Eat the Fed!

you kind of force people to enter into rent because they can’t afford houses and you control the rent however you want.

The landlords are providing a service to those who can’t afford houses, and the tenants, through economic calculation, determine that it’s better to pay for a department rather that saving for a house.

In fact, deficit spending, printing fiat money and manipulating interest rates harm savings and relative prices.

“If there seems to be a shortage of supply to meet an evident demand, then look to government as the cause of the problem.”

Do you believe no one can live outside the authority of the government?
Do you believe in theft and redistribution of wealth to fund their programs?
Do you believe a small oligarchy of politicians can best regulate the economy?
Do you believe a monopoly of fiat currency must be maintained?
Do you believe in using violence and force against those who disagree with you?

If yes, I think you should reconsider your position about who “deserve oxygen” and who does not.

If the person renting a home stops paying, the landlord will use force to evict the person.

In this case, the force applied by the landlord is legimitate because the tenant is not performing their contractual obligations over the property of the landlord.

You didn’t pay taxes? Here, lemme force you to stay in prison for a while, also here’s a fine on top of that.

There is no contract between the government and citizen that legitimize the violence of the state. Any theory of a “social contract” will be unilateral by nature. Actually, the state itself is a threat to the Non-Agression Principle.

Not all contracts are voluntary and, more importantly, the workers are almost always the weaker party when it comes to negotiation.

The asymmetries of power between both parties does not mean the contract is not voluntary. In fact, any government intervention in the labor market will make this situation worse, as these encourage poverty and harm those workers who are the less productive in the market.

If you leave it to the market to “self-regulate”, you’ll just get feudalism 2.0, where companies become the new noble houses

As long as private property is not violated by institutional coercion; as long as the system of prices is not manipulated by any government policy; as long as human action and his natural rights are respected: social cooperation through the division of labor will flourish, as voluntary exchange is the source of economic progress.

Indeed, civilization itself is inconceivable in the absence of private property. Any encroachment on property results in loss of freedom and prosperity, as property is the only way to resolve conflicts by the existence of scarce resources.

The market is a process, not an “equilibrium model”. It is not designed, but emerged from human action.

Really, any sufficiently big company will act just like a govt, full of unnecessary bureaucracy

The difference is that having market concentration does not mean being a monopoly. In fact, a monopoly is a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting.

The state can not have direct consumer feedback; it can not act economically. Instead, it collects taxes and spends them arbitrarily following interest groups.

“In a market economy, the range of quality, quantity, and type of goods and services correspond to social needs. These goods are services that are valued by consumers, and hence, they will be provided if it is economically feasible to do so relative to other social priorities.”

lunatics that cry at taxation but orgasm at rent and profiting off others’ work.

The former is only possible through institutional compulsion and coercion. The latter is through a voluntary contract that expresses the cooperation of both parties to work for each other, as they have a property interest in specific performance of the other.

Denying this process of voluntary exchange is, implicitly, denying the free will of the tenant and worker.

Mileiístas (in spanish).

Yes, I voted him, but to defend myself from the state. I don’t think that, in the long-term, he’s going to save our current crisis. In fact, I advocate for the complete abolishment of the state through agorism.

Taxation is robbery. I live in Argentina (+100% in taxes) and I have this problem too.

Every person who think that their vote (in a representative democracy) matters, is a victim of the illusion of universal participation in the use of institutional coercion, that is, the state.

However, what makes the state different from other coercive entities, such as organized crime groups, is that it enjoys some form of popular legitimacy. In other words, in addition to enslaving its inhabitants physically, it needs to secure their mental servitude as well.

The free market is not, as the social Darwinists imagine, a struggle between rich and poor, strong and weak. It is the principal means by which human beings cooperate in order to live. If each of us had to produce all his food and shelter by himself, almost no one could survive. The existence of large-scale society depends absolutely on social cooperation through the division of labor.

No amount of prolix explanation excuses even the act of stereotyping.

It depends on why and how you use stereotypes.

Prejudice only properly refers to judgments formed without consideration of the available information.

Prejudging is legitimate when we do not have all the relevant facts of an object or subject, having to resort to inductive reasoning in order to try to induce and predict its individual characteristics.

It’s all about trying to make new information about someone or something, so we can economize information.

The politically correct bien-pensants always fail to recognize that stereotyping is a form of inductive reasoning. If you see something repeatedly, but not necessarily without fail, you form an opinion, which is layered with a degree of truth. A subset of the human race, based on ethnicity, inclination, or geography, will spring to mind after reading each of the following words: financier, migrant worker, male flight attendant, NASCAR driver, sprinter.

I’m sure most of us immediately conjured similar images. Yes, it is unfair to impose a group characteristic onto an individual, but we did so nonetheless. To belabor the obvious, each of us is an individual, not a group. When the stereotype is proven fallacious for an individual, move on.

Some people care about the latest thing, regardless if it directly affects them or not.

I HATE INTELLECTUAL PROPERTY I HATE INTELLECTUAL PROPERTY

Qué bueno, che

Okay, so you admit you have no idea how economics work.

You’re not even trying to counter-argue my argument.

Conscription is slavery.

It doesn’t matter if everybody is drafted, it won’t change that fact. I think the problem is the existence of the so-called war, that is, mass murder. Who are the ones behind of all that coercion? The state.

Conscription should be abolished.

You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies.

I’m a “follower” of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).

Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.

The definition of a monopoly by the idea of “monopoly price” has no effective meaning in free-market setting, which are not snapshots in time but processes of change.

demand is manufactured by misleading and manipulative advertising and marketing.
It’s driven by planned obselesence.

Consumer products develop through experimentation. Consumer preferences also change and develop gradually through time. To meet them requires entrepreneurial judgment.

Nor is buying essential items like food and utilities voluntary.

Aside from a few innate demands concerning hunger and temperature, consumer preferences emerge as a result of interaction between many individuals.

Each consumer regulates the consumer products he consumes by spending money. There is no good substitute for the market process concerning the development and dissemination of consumer goods.