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There is no such thing as modern Austrian Microeconomic Theory by deathyein austrian_economics

[–]Nielsio[M] 0 points1 point ago

The article is condescending and as such doesn't fit with the forum mission.

http://www.reddit.com/r/austrian_economics/faq#Mission

Submission removed.

Ask-Me-Anything questions thread for Joseph Salerno by Nielsioin austrian_economics

[–]Nielsio[S] 0 points1 point ago

Maybe a good idea to split up that comment and post the question separately.

Ask-Me-Anything questions thread for Joseph Salerno by Nielsioin austrian_economics

[–]Nielsio[S] 0 points1 point ago

2) Have you ever met Murray Rothbard personally? What was he like?

It was while I was attending graduate school that I met Murray Rothbard. Shortly before my first semester began I was involved with the founding of the New Jersey Libertarian Party, of which I was subsequently elected Treasurer. Our first convention was scheduled for February of 1973 and we required a keynote speaker. In November 1972, the President of the NJLP Bob Steiner and myself attended a libertarian conference in New York City whose featured speakers included Rothbard, Bob Lefevre, and Karl Hess, among others. It was the first time I had seen any of these giants of the nascent libertarian movement in person and I was excited especially at the prospect of hearing Rothbard speak. Rothbard followed LeFevre on the program and, although I do not recall the precise topic of his talk that day, I was extremely impressed with the joyfulness, affability, and sense of humor he projected. The latter was especially on display during the question and answer period following his talk. When someone asked him his view of the extreme pacifism of LeFevre’s "autarchist" philosophy – which prohibited any form of violence even in self-defense – Rothbard replied: "Well, if someone was brandishing a mallet at me and I had a gun, I’d plug him."

We subsequently invited Rothbard to give the keynote address at the NJLP convention, and he graciously agreed to do it for the rubber chicken dinner and paltry $75 we were able to offer him. Prior to his talk, I introduced myself to him and we spoke for a while about libertarian issues before I mentioned that I was graduate student in economics and was going through Frank Fetter’s articles, the references to which I had gleaned from reading Man, Economy, and State. I never expected his reaction to my casual remark. His eyes immediately lit up and he seemed like he could barely contain his enthusiasm. He feverishly searched for a pen and asked me for my address and phone number and told me that he would pass on this information to people in New Jersey who had formed an Austrian reading group. The following Monday I received a call from a student member of this group who invited me to attend the meetings of this reading circle, which was directed by Walter Grinder and included another one of my libertarian heroes, Walter Block. In the year-and-one-half that followed I enjoyed increasing personal contact with Murray Rothbard, including visits to his home, meetings with him in his office at Brooklyn Polytechnic Institute, and arranging for him to address the graduate economics faculty and students at Rutgers. Rothbard also encouraged me to write a review essay on David Friedman’s book, The Machinery of Freedom, for The Libertarian Forum, and this became my first publication.1 Thus when I disembarked from Don Lavoie’s car in South Royalton, Vermont in June 1974 to attend the first Austrian economics conference to be convened in the United States, I, like Don and most of the other attendees, had arrived by way of Murray Rothbard.

http://www.lewrockwell.com/orig6/salerno1.html

Ask-Me-Anything questions thread for Joseph Salerno by Nielsioin austrian_economics

[–]Nielsio[S] 2 points3 points ago

Zopa is a UK-based company providing an online money exchange service, allowing people who have money to lend it to those who wish to borrow, instead of using savings accounts and loan applications at traditional banks. The process is sometimes referred to as peer-to-peer lending.

https://en.wikipedia.org/wiki/Zopa

Launch of First Commercial Spacecraft to the International Space Station by l4than-d3versin Anarcho_Capitalism

[–]Nielsio 0 points1 point ago

I don't care about NASA as a customer, I care about private citizens who act (moreso) according to the division of labor amongst each other.

Ask-Me-Anything questions thread for Joseph Salerno by Nielsioin austrian_economics

[–]Nielsio[S] 2 points3 points ago

Hi Joe,

Mises and Rothbard have attempted to deal with the problem of the 'money regession'. To quote Rothbard in Man, Economy and State:

[..] the marginal utility of addition of money to the seller of the stock is based on its already being money and its ready command of other goods that the seller will buy—consumers’ goods and factors of production alike.

If I have eggs and I want shoes, and I accomplish this by selling my eggs for butter and then buying shoes with the butter, then I'm not necessarily relying on previously existing money prices but I'm speculating on the direct use demand for butter. My demand for butter is thus not a consumer or producer demand, and as such doesn't influence price as those would.

On speculation, Rothbard writes:

[..] the introduction of exchange-value can restrict demand above the anticipated equilibrium price and increase it below that price, although the final demand—to consume—at the equilibrium price will remain the same.

This conception of money is forward-looking and dynamic, and doesn't suffer from circularity.

I'm interested in your response to this.

Best Ubuntu-compatible laptop for around £500? ($785) by jonesey95in Ubuntu

[–]Nielsio 1 point2 points ago

List of computers they've tested with Ubuntu: http://www.ubuntu.com/certification/desktop/

Launch of First Commercial Spacecraft to the International Space Station by l4than-d3versin Anarcho_Capitalism

[–]Nielsio 0 points1 point ago

You mean because you estimate that people care about space stuff? I'd like to remind you that the American economy is doing very badly and is getting worse. I think most people have things like paying the bills and worrying about their children's future on their mind over paying the bills of a few guys in low orbit.


A response to Neil DeGrasse Tyson regarding NASA | by Robert P. Murphy

Launch of First Commercial Spacecraft to the International Space Station by l4than-d3versin Anarcho_Capitalism

[–]Nielsio 3 points4 points ago

But the only difference is that instead of taxation paying NASA, it's now taxation paying SpaceX. It's just another sticker on the rocket. The structure of production still has nothing to do with consumer preferences.

Austrian economics t-shirts: improved designs and lower prices by Nielsioin Anarcho_Capitalism

[–]Nielsio[S] 0 points1 point ago

Uploaded the designs to Zazzle, which is also in Australia:

http://www.zazzle.com.au/nielsio

Anyone else seeing this on Gnome classic (gnome-panel) desktop? by jonnyvicein Ubuntu

[–]Nielsio 0 points1 point ago

I've removed the bottom panel (Super+Alt+Rightclick), and use Avant Window Navigator.

Someone on YouTube made a video comparing economics to physics. Want to help me correct him with a "response video"? by Throwahoymatiein austrian_economics

[–]Nielsio[M] 0 points1 point ago

Don't start threads that ask users to defend your ideology elsewhere on Reddit. /r/austrian_economics is not your army. You may create submissions to elsewhere on Reddit, but only if it is specifically about Austrian economics.

http://www.reddit.com/r/austrian_economics/faq#Submissions

Same applies for other places.

Also relevant:

You may create submissions containing non-Austrian content, but then don't submit it as a direct link, but as a text-post that contains the link, and then also include a commentary or a question. This way the readers aren't fooled into thinking they're going to Austrian content.

Submission removed.

Feel free to resubmit under the above guidelines.

How Gold Demand Remains Resilient by emannigolin austrian_economics

[–]Nielsio[M] 0 points1 point ago

No Austrian economics content in that article.

Submission removed.

You may create submissions containing non-Austrian content, but then don't submit it as a direct link, but as a text-post that contains the link, and then also include a commentary or a question. This way the readers aren't fooled into thinking they're going to Austrian content.

http://www.reddit.com/r/austrian_economics/faq#Submissions

Feel free to resubmit under the above guidelines.

Adam Kokesh on our current educational system. by AdamKokeshin austrian_economics

[–]Nielsio[M] 0 points1 point ago

In his analysis he immediately starts out saying government education is propaganda. That's not how we do things here.

See also, the Mission.

Submission removed.

I recommend this playlist on education: http://www.youtube.com/playlist?list=PLDEBEA276913F8838 .

Hey, Krugman, Ask China If Stimulus Is A Good Idea - Forbes by tangmanin austrian_economics

[–]Nielsio 1 point2 points ago

When government directs resources, this alters the structure of production away from the needs and contexts of individuals.

The Forbes article that's linked here only talks about the debt issues. But governments can always run debts and even print debts away. As such, that isn't what the Austrian criticism is of government intervention in the money and loan market.

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