Kevin's Bacon @Kevin's Bacon - 3mo
This guy gas been sipping the Keynes Kool-aid for way too long. nostr:nevent1qqsql39lm2j8xzrpel00y6f7resd6yv8thruwcmjcr0zfgl60u20p3qpzemhxue69uhhyetvv9ujucm0d9hx7uewd9hj7q3qlxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasxpqqqqqqzlm3t4y
ManyKeys @ManyKeys - 3mo
Here's a long-post on this subject that might be of relevance. It's futile to argue with intellectually dishonest folks. They claim Austrians were against mild deflation — an obvious lie. With all due respect, citations should be provided for such claims. nostr:naddr1qqxnzde4xvungdfexymryve3qythwumn8ghj7un9d3shjtnp0faxzmt09ehx2ap0qgs9zs7rw003k4y2wltea360yuj46y5md9d4yt0mt06rfx96fdgpm7grqsqqqa28qw5u0k
Kanzan @Kanzan - 3mo
I never argued that central control was good or required or that inflation was required for growth at all. Simply that a permanent deflationary condition is not ideal. Which absolutely NOONE, Mises, Hayek, Rothbard or anyone, every suggested or thought was reasonable. It just you and the other Dunning-Kruger Saifedean guys who think that.
Mises and Hayek did, in fact, defend the legitimacy, and even the benefits, of mild deflation resulting from productivity gains. Mises argued that declining prices driven by expanding wealth and productivity are signals of rising living standards, not economic dysfunction. He explicitly stated, “when prices are declining in response to the expansion of wealth, this means that individuals’ living standards are rising,” and that such deflation is good for the economy. Hayek likewise favored letting prices fall when output expands, criticizing monetary policy aimed at artificially stabilizing prices. Hayek’s “neutral money criterion” held that prices should fall during real growth, and he opposed using monetary expansion to counteract such benign deflation. The historical record, and their writings, demonstrate that both thinkers supported, not feared, mild deflation booked to real progress, contrary to what you claim. Below are some links to prove this. Your intellectual dishonesty is obvious, pushing such disinformation to benefit your bias. On top of that, you are a bitter little person that doesn't deserve any further engagement. Why Deflation Is Good for the Economy | Mises Institute https://mises.org/mises-wire/why-deflation-good-economy Why Price Deflation Is Always Good News | Mises Institute https://mises.org/mises-wire/why-price-deflation-always-good-news Declining Prices Do Not Destroy Wealth; They Enable Its Creation https://mises.org/mises-wire/declining-prices-do-not-destroy-wealth-they-enable-its-creation
Do you believe in the labor theory of value too? What is this, Calvinism where hard work is the good in itself, not efficient or effective work? Make up your mind about your value theory and metaphysics, man
Ludwig Von Mises?
Mises did not treat central banking as capitalism; he firmly opposed central banks and any form of centrally controlled monetary policy, arguing that true capitalism requires free-market money. As he wrote in "Human Action": > “The gold standard is the world’s money. It is not the money of governments and kings, it is the money of the people... The government may destroy the gold standard system. But it cannot replace it.” Mises was clear that central banking represents government intervention, not a feature of capitalism.
