>based
>>538031064300 replies for sure. Austrians make midwits seethe.
>>538031064>r/Libertarians tourist thread #37376368389948
>>538031064BASED. So fvckin zased. Jewish W, as usual.
>>538031064>FIAT currency and speculation economy is based actually
>>538031064Does that apply to national socialists as well?
>>538031064It’s more like they don’t understand the very basis of value production at all, let alone the subsequent economics of exchange
Socialists understand that redistribution is required to maintain demand for consumer goods which is what drives industry and money velocity
>>538031227Two sides of the same coin, retard.
>>538031297>socialists understandGibsmedat or else. It’s the only thing they understand
>>538031297>Socialists understand that they may not be a favored animal any longer if they dont obey and believe in lockstep with the partyftfy
>be heckin based Austrian free market economist >"Nor is there any reason why the state should not assist individuals in providing for those common hazards of life against which, because of their uncertainty, few individuals can make adequate provision. Where, as in the case of sickness and accident, neither the desire to avoid such calamities nor the efforts to overcome their consequences are as a rule weakened by the provision of assistance, where, in short, we deal with genuinely insurable risks, the case for the state helping to organise a comprehensive system of social insurance is very strong. There are many points of detail where those wishing to preserve the competitive system and those wishing to supersede it by something different will disagree on the details of such schemes; and it is possible under the name of social insurance to introduce measures which tend to make competition more or less ineffective. But there is no incompatibility in principle between the state providing greater security in this way and the preservation of individual freedom."Jews have turned libertarian economics into "allow us free range" and you feel for the bait
Money was originally invented so bandits couldn't steal shit so easily. Well, the bandits have solved the problem.Famine incoming.
>>538031064Capitalists don't like capitalism when they fail. How many banks did we bail out so far? 6 or 7?
>>538031193He was only 1/4 Jewish.
>>538033532this question should more properly be framed as>just how many banks are left that have not merged into the one bank
>>538031297Socialists understand nothing, because they do not have a mind of their own cable of reasoning and problemsolving. They brainlessly adopt and regurgitate every idea hat is presented to them by their jewish professors.
They don't care...they don't think about the future just agendas to manipulate and drain resources until it's all gone and everything fails...They never learn nor do the idiots they use...
>>538031227It's even funnier because capitalists constantly say the market can't be understood, the market can stay irrational longer than you can be solvent, etc etc... don't forget the world you live in today is entirely built upon capitalism.
>>538031300How? How has letting corporations have free reign worked out for people?
>>538033937we get to work at walmartyou get to do a cool dance every shift too
>>538031064It's an actual While Man's economics, discovered by actual Austrian Aryans.Not for /pol/tards AD 2026.
daily reminder that hayek fucked off to the usa to get medicare gibs when he was old and sick lolkoch even sent him a letter on how to get these gibshttps://exiledonline.com/exiled-exclusive-read-the-orignal-letter-charles-koch-sent-to-friedrich-von-hayek-telling-him-to-sign-up-for-social-security/and koch bought all of his oil tankers from the yugoslavians, who had some of the best shipbuilders in the world. koch has a weird habit of preaching libertarianism while doing all kinds of business with nations he publicly reviles.https://exiledonline.com/a-people-history-of-koch-industries-part-ii-libertarian-billionaires-charles-and-david-koch-are-closetcase-subsidy-kings-who-milk-big-government-tyranny-but-want-to-slash-spending-on-anyone-else/the koch brothers are the recipients of all kinds of government money, but you can't have any, that's socialism. >It turned out that Yugoslavia’s highly-centralized economy was the opposite of inefficient—it was on fire. In the 1960s and 1970s, the country was churning out, among other things, low-cost, high-quality ships that were sold around the world. Even the old-school libertarian magazine The Freeman couldn’t help but praise the country’s economic performance, writing in 1988, “Many of Yugoslavia’s industries seemed highly competitive in world markets, and there were even astonishing reports that efficient Yugoslav shipbuilders wrested contracts away from the Japanese.”
daily reminder that the church of satan is based on the work of libertarian ayn rand. he said so in the foreword to the satanic bible. anyone else notice she was not only a plagiaristic cult leader, but wrote a book about a great architect? hmmm
>>538031064Libertarians live in their mom's basement.
>>538034823The Koch brothers understand that the government is the origin of money. It is the only legal issuer of the thing in which it demands payment of taxes -- so the money has to be distributed first (by government spending) before any taxes can be paid (or bonds can be sold).Libertarians and conservatives are just trying to monopolize government spending among themselves.
>>538035399>the government is the origin of moneytard tier not understanding the international jewish banking cabal's role
>>538031064Wow, well now that we live in the world of economic policy Von Hayek helped produce. Do you guys think he understood economics? How's the economy?
>>538035812The government creates money. Everything else that goes along with that -- selling bonds in the first place, having an interest rate above zero, etc. -- is all self-imposed restraints. They are policy choices. Who imposed those restraints? Great question -- it certainly does seem like bankers would want to earn interest on money the government is creating out of nothing. Should we do that? Another great question.But those are actual policy questions that involve real politics, so conservatives lose interest.https://www.youtube.com/watch?v=pex89N9Oqoghttps://www.youtube.com/watch?v=je-1eTl6J0g
>>538033937GET BACK IN THE FUCKING CAGE
weirdest thing about modern politics is that right-wingers will claim to hate socialism/communism but still want heavy government control over the economy
>>538031064Lower and middle class whites that believe this are the current house nigger in our society. Theres an unfounded belief that if somehow they follow all of the masters rules that one day they'll be made to be rich and powerful. Its a delusion through and through. You can hate the jews all day but never think to consider eliminating their primary vector of control because it doesn't follow an imaginary rulebook that they set up? What a pitiful existence for these people
>>538035399check>Libertarians and conservatives are just trying to monopolize government spending among themselves.this, it's so infuriating.
Hayek was a proto-neoliberal bastard who unironically thought the government should serve business. His primary concern was funneling wealth to the elites and preserving upper class power.
>>538033577>he only clipped 25% of the coins that he acquired
>>538037502You might be retarded. In the US the conservatives is a gang which steals from the public and funnels wealth into the pockets of industrialist billionaires, the democrats steal from the public and funnels wealth into the pockets of bureaucrats (while buying votes of "the poor" by throwing some scraps to them).The libertarians which would end all this stealing for good are lucky if they have like ONE representative in congress kek.Granted that in Europe it is worse still, as the "conservatives" which at least make the industries running (albeit at huge cost) don't even exist kek.Remember kids, you cannot build a healthy society around theft. Like you couldn't around cannibalism.
>>538038114The government creates the money at origin. It has to create the money before anyone else has any money with which to pay the tax in the first place.For whatever reason, libertarians like to pretend this isn't true. They have convinced themselves (sincerely or insincerely) that the government needs to "get", "acquire", "earn" deposits from somewhere else (them?) first. It does not.In fact, libertarians are often at the forefront of pushing for extremist rates of interest, which they often frame as "punishing" the State or the public -- but really, this is just thinly disguised extortion. The natural rate of interest for a sovereign money government is zero.
>>538036117>we create a bond so that kikes can counterfeit money>this is totally the government's doing
>>538038631>The government creates the money at origin.It does currently but it doesn't have to be that way. We want actual, hard, gold-backed currency, with no fractional reserves.WE DONT FUCKING SUPPORT the system where "the government creates the money".
>>538038849>We want actual hard, gold-backed currency, with no fractional reserves.Why, though? Because you want to limit what can be done. You want to limit the number of people who can meaningfully participate in economic activity.It's like if some carpenter was building your house. He has the timber, he has the tools, then he tells you he has run out of inches. It makes absolutely no sense at all to back currency with some commodity (regardless of how nice its individual properties may be) that isn't necessary for the overwhelming majority of productive processes.It sounds good in your head, but it's retarded.https://www.youtube.com/watch?v=aHcNvG34Q6Qhttps://www.youtube.com/watch?v=3OJFjzckZYMhttps://www.youtube.com/watch?v=__e63RaZ-Ww
>>538039259>no you have to let us counterfeit money otherwise you will not survive
>>538039259>Why, though? Because you want to limit what can be done."Things that are being done" with this system is literally stealing (transferring wealth from one strata of the society into the other. It's always bad in long-term - a decade kek - even if you happen to be on the receiving end of this.
>>538038639Well, right. The Fed, because of self-imposed restraints, cannot buy bonds on the primary market. It can only buy bonds on thee secondary market (after they have already been purchased by someone else, who is now on-selling them). So without reading your article (since you didn't actually provide an article, just a screencap of the headline), if the Fed was trying to source bonds to buy (like the Bank of Japan has often had trouble with in its home market) then the connection to BlackRock could make sense given our current circumstances.But again -- there's a question (and maybe you're just not understanding this) of whether bonds should be sold at all, who should be able to buy them, what rate of interest should they pay, etc. Is there a government capture problem?I feel like the concepts I'm describing here are dead simple and there really should not be any controversy or disagreement about them at all. So I am just a bit confused as to what you're trying to get across.
>>538039534Okay -- but what you're describing doesn't get fixed with a gold standard. It actually becomes harder to fix with a gold standard because you don't have any policy space to work in.
>>538039598>Is there a government capture problem?is this nigger really asking this question?
>>538039696kill all counterfeiters
>>538036117> The government creates moneyNo, they borrow from the Fed at interest.
>>538031064>white person is dark in a black and white photo>appearance is literally 100% jeetlmfao wh*toids btfo forever
>>538031064KARLS MARKS ON SUICIDE WATCH
>>538039702No, I'm asking it quite sincerely. Your original post seemed to be saying there was no government involvement or something. But it is difficult when people are speaking cryptically in memes and infographs and screencaps instead of just saying something.You know? But i think that's part of the whole conservative thing.
>>538039696>It actually becomes harder to fixA monetary reform alone isn't nearly enough but it would certainly help. I truly recommend the book I linked.
>>538039738No, they don't. The Fed can't purchase Treasury bonds on the primary market. So any interest that the Treasury is paying on the bonds that it issues is going to the private purchasers (typically institutional investors, big traders, foreign governments, governmental funds like social security or medicare, etc.)But of course, the only thing the Treasury will accept as payment for the bonds that it issues are US dollars. You can call them federal reserve notes to scratch your conspiracy itch, but they are US dollars. So this currency must exist before the bonds.The currency is created by the act of Congress apportioning spending. Congress approves a spending bill that spends to a deficit. By identity that creates reserves within the banking system in the amount of that deficit. As reserves pile up in the banking system, it naturally drives the overnight interest rate (the rate of interest at which banks lend to each other, otherwise known as the federal funds rate) DOWN -- potentially to zero.So bonds are then sold to drain excess reserves in support of the interest rate target.
>>538031064Austrian economics are based on the very faulty premise of giving more power to the economic agents currently benefitting the most from the state and expecting them to not want their privileges back
>>538034823Hayek wasn't an anarchist, he supported social democracy
>>538039802>Your original post seemed to be saying there was no government involvement or somethingI wasnt saying thisI was saying that the private banking corporations will invent whatever they feel necessary to maintain their levels of fraud graft and corruption
>>538040112>The Fed can't purchase Treasury bonds on the primary market.>but its member banks can>this is totally different
>>538031064yeah, they'd be national socialist.. oy vey, cant have that
>>538031064No, our governments know, understand and agree with libertarian arguments, but they do it anyway, for various reasons.
>>538040317>the private banking corporations will invent whatever they feel necessary to maintain their levels of fraud graft and corruptionThere's an extremely easy fix for that. Banks shouldn't be allowed to lend more than they received in the form of deposits. Like you couldn't lend two lawnmowers to your neighbors if you only have one.A fucking police persecuting obvious frauds is all that it's needed.
>>538033937>fiat currency and speculation>duh corporationsRetard. Never post again
>>538040363They actually have to buy them.https://www.youtube.com/watch?v=u0e4afZElBEIt is definitely a contrived arrangement.
>>538042339>They actually have to buy them.>with money they invented out of thin air
>>538031064Fuck your economics.
>>538031064It's directly because of ((( socialism ))) that the poorest monarchy in Europe became America's only superpower rival in just 50 years. That is to say nothing of how China's socialism is creating the worlds largest economy in all of history. Socialism works well, that's why capitalists are so terrified of it, and they have to keep the retards convinced that it's evil. By the way, no one ever talks about Hayakian economics, it's all Keynesian.
Exactly two weeks ago, Jews started flooding 4chan with capitalism threads despite the U.S. being occupied by ethnofascist Israel. Then 14 Democrats pledged loyalty to Jews with no context or explanation. Because Jews don't debate they don't have meta awareness, and wouldn't realize that people refused to discuss economics during the entire four year presidency of Biden, and so all they are doing is revealing their shill campaigns are timed.
>>538045177>By the way, no one ever talks about Hayakian economics, it's all Keynesian.Do you even read what you write. Keynsian economics is indeed the paradigm which is destroying the western civilization as we speak, but the Austrians are the biggest critiques of it.Btw, your leftist imbeciles will always recommend "Marx and Keynes" for your economics reading kek. Absolute total clueless self-destructive morons.Keynes _literally_ recommended funneling wealth to the already rich businessmen which were (supposedly) "more efficient" than the mere peasant wage-earners rofl.
