For the Ron Paul haters...

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Siddhartha

Lifer
Oct 17, 1999
12,505
3
81
Back in 2000, people thought Mr Bush could not be that bad. Two wars later and trillions of dollars of debt, I know they were wrong.

Mr Paul's economic policies would drive the world into a 1930's type Great Depression.

I will pass on that.

BTW, I do not hate Mr Paul. I do not think he should be POTUS.
 
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momeNt

Diamond Member
Jan 26, 2011
9,290
352
126
Oh, I'm sorry, I guess when your economic school of thought is largely centered around some third rate universities and you don't believe in empirical data, mathematics, or the scientific method, then that must mean that it's a great 'economic' school.

Austrian economics isn't economics. Please refer to it as Austrian fairy tales instead.

So in a word, your answer to my question could have simply been "no".

Continue on with opinions handed to you from generations of establishment brainwashing. The red pill is not for you.
 

AyashiKaibutsu

Diamond Member
Jan 24, 2004
9,306
4
81
Why would the people of a state allow a bill to pass which allows discrimination and unabashed prejudice?

Why would the people of a country? Also, are you that naive that you don't realize why the people of a state would? It's fairly obvious and has been witnessed all throughout human history.
 

IceBergSLiM

Lifer
Jul 11, 2000
29,932
3
81
You are speeding towards a brick wall in your ferrari......do you

1) stay the course, trust in ferrari's superior engineering and safety features

2) slam on the breaks and cut the wheel as hard as you can


================

if you chose:

1) vote for anyone but ron paul

2) vote for ron paul
 
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First

Lifer
Jun 3, 2002
10,518
271
136
Verifying equations is not how Einstein came to develop his theory of relativity. That came from new knowledge that light travels the same speed in all frames of references, and then conducting thought experiments on its implications. Einstein developed new equations based off of these thought experiments.

He verified his equations with mathematical proofs. I'm not sure what word you want to use, but verify is quite adequate to most sane people. Thought experiments are different from evidence so your point is, well, confusing.

Relativity is a theory he logically induced to fit in the new pieces of knowledge that has been added to the equation.

Logical induction only provides as useful information as what you can deduce off of it. This is where empiricism comes in.

Testing it and verifying it comes through empiricism. Mercury's orbit is one form of empiricism support Einstein's theory. So is the solar eclipse of 1929 that predicted that the gravitational pull of the sun would bend light.

Most likely Einstein's theory of relativity is wrong, much like how Newton's laws of motion is wrong. But it has predictive values, and this is where the utility of the theory comes in.

The Austrian school of economics is most likely wrong, much like any other school of economics. But given it's recent predictive abilities, the fundamental principles of science would dictate it's the best that we have to work with currently.

Again, Austrian economics predicted nothing. In fact, I'd ask you to be specific about what they predicted, as I'm sure this'll tell us more about your worldview. Then again, since you think the theory of relativity is "probably" wrong, that tells most people here about how you view the world.
 

momeNt

Diamond Member
Jan 26, 2011
9,290
352
126
He verified his equations with mathematical proofs. I'm not sure what word you want to use, but verify is quite adequate to most sane people. Thought experiments are different from evidence so your point is, well, confusing.



Again, Austrian economics predicted nothing. In fact, I'd ask you to be specific about what they predicted, as I'm sure this'll tell us more about your worldview. Then again, since you think the theory of relativity is "probably" wrong, that tells most people here about how you view the world.

Bringing scientific theories and the like into the mix of an economic discussion is just going to further derail the argument into further confusion into thinking that economics as a science works like physical sciences.

If we can one day learn every humans chemistry and learn how they will interpret and respond to information with scientific exactness, we will easily be able to predict and influence markets and the economy. Mises work "Human Action" goes into understanding how man acts - praxeology. This is the foundation of why Austrians do not accept empirical evidence with regards to economics, because we cannot scientifically understand how and why man acts, at least not yet.'

We understand the forces in play when an object is dropped off the leaning tower of pisa, and we understand why it hits the ground. We do not understand with scientific certainty the forces at play when a man receives information such as a company's financial data and decides whether to buy or sell. This is the basis of why Austrian economics is rooted in a priori thought experiments, because each individual's persons actions make up an economy. You must understand the smallest part before being able to scientifically analyze the whole.
 
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First

Lifer
Jun 3, 2002
10,518
271
136
Bringing scientific theories and the like into the mix of an economic discussion is just going to further derail the argument into further confusion into thinking that economics as a science works like physical sciences.

If we can one day learn every humans chemistry and learn how they will interpret and respond to information with scientific exactness, we will easily be able to predict and influence markets and the economy. Mises work "Human Action" goes into understanding how man acts - praxeology. This is the foundation of why Austrians do not accept empirical evidence with regards to economics, because we cannot scientifically understand how and why man acts, at least not yet.'

We understand the forces in play when an object is dropped off the leaning tower of pisa, and we understand why it hits the ground. We do not understand with scientific certainty the forces at play when a man receives information such as a company's financial data and decides whether to buy or sell. This is the basis of why Austrian economics is rooted in a priori thought experiments, because each individual's persons actions make up an economy. You must understand the smallest part before being able to scientifically analyze the whole.

Everyone knows economics isn't the same type of science the way, say, physics is a science. Problem with Austrian thinking is that they give up on predicting human economic behavior despite plenty of models showing it's quite simple and straight forward with the right conditions and contexts. It's why those models have been able to predict GDP growth, inflation, job creation, etc. much better than Austrians who have predicted, well, absolutely nothing concrete worth mentioning. Unless of course you can come up with something concrete an Austrian predicted. An actual quote would suffice.