Great Free Market Thinkers: Mises, Hayek, and Friedman

[mr.turbo]

Serious question. Do you have you're own business, work at a job or are you a student?

you seem to have strong feelings about this.

do you have any examples of free market theory working in the real world?

looking forward to seeing this.

[Coach is Back!]

you seem to have strong feelings about this.

do you have any examples of free market theory working in the real world?

looking forward to seeing this.

So you won't answer. Thanks.

[mr.turbo]

So you won't answer. Thanks.

sorry but this is a thread about intellectuals

palumboism does not need your *help* with this

thanks for your contributions

[Coach is Back!]

sorry but this is a thread about intellectuals

palumboism does not need your *help* with this

thanks for your contributions

You mean it's not about common core where 4x3=11?

[Coach is Back!]

sorry but this is a thread about intellectuals

palumboism does not need your *help* with this

thanks for your contributions

Your non-answer speaks volumes.

[mr.turbo]

Your non-answer speaks volumes.

I have a business(s).

do you have a point?

[Griffith]

the banks were able and allowed to create the subprime loans and the private rating agencies gave out AAA ratings that were not correct. Tell me how I am wrong.

And then the government bailed them out with taxpayers money, a socialist move, instead of allowing the failed businesses to collapse in true free-market capitalist style where survival of the fittest principles are supposed to ensure the most efficient and best survive.

America follows Corporatism, where government is involved with big business.

However, despite this it probably still is one of the most free-market capitalist countries.

[Coach is Back!]

I have a business(s).

do you have a point?

Bullshit. Prove it.

[Palumboism]

The real bosses, in the capitalist system of market economy,
are the consumers. They, by their buying and by their abstention
from buying, decide who should own the capital and run
the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit
or in loss for the enterpriser. They make poor men rich and rich
men poor. They are no easy bosses.
Ludwig Von Mises

The consumers are merciless. They never buy in order to
benefit a less efficient producer and to protect him against the
consequences of his failure to manage better. They want to be
served as well as possible. And the working of the capitalist
system forces the entrepreneur to obey the orders issued by the
consumers.
Ludwig Von Mises


Go into the home of the average American family and you
will see for whom the wheels of the machines are turning.
Ludwig Von Mises

[mr.turbo]

Bullshit. Prove it.

i also have a boat bitch

[mr.turbo]

I posted this a few weeks ago. That's a young Michael Moore that Friedman is dismantling. Needless to say after that embarrassment Moore went into a life long depression and became a delusional fatass.

that's not Michael Moore

who's the deluisional fatass again?

fuck having coach on your team, not good.

free market principles are something interesting to talk about in economics but that's about it

is anybody curious to know how the world really works?!? I'm here to help.

[Coach is Back!]

that's not Michael Moore

who's the deluisional fatass again?

fuck having coach on your team, not good.

free market principles are something interesting to talk about in economics but that's about it

is anybody curious to know how the world really works?!? I'm here to help.

hahaha, oh boy. Please tell us how the world works. No way in hell you own a business. Most own businesses to make money not have it taken from them. This is a fact. It's all about the bottom line. Continue. I REALLY want to hear this.

[Coach is Back!]

that's not Michael Moore

who's the deluisional fatass again?

fuck having coach on your team, not good.

free market principles are something interesting to talk about in economics but that's about it

is anybody curious to know how the world really works?!? I'm here to help.

And while you're at it tell us how Friedman is wrong.

[mr.turbo]

And while you're at it tell us how Friedman is wrong.

as someone else already pointed out the concept of free markets in the US only applies to business not deemed *too big to fail*. Major financial institutions obey a different set of rules for example. The economy is largely controlled by the state and they get to decide who to bail out and provide corporate welfare, cheap loans etc. Is this news? I don't think so.

Consumers sitting in their living rooms are watching television so that they can be driven to consume whatever it is the marketing industry deems appropriate. As if joe schmoe fatass sitting on the couch is informed enough to have a say over anything. That's exactly how it's supposed to be in what is sometimes called a "state capitalist" system.

Puff out your cheeks, throw a temper tantrum, stamp your feet. The free market crap is 100% dogma and no matter how many times you quote milton friedman it's not going to change the way the world really works.

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

[Coach is Back!]

as someone else already pointed out the concept of free markets in the US only applies to business not deemed *too big to fail*. Major financial institutions obey a different set of rules for example. The economy is largely controlled by the state and they get to decide who to bail out and provide corporate welfare, cheap loans etc. Is this news? I don't think so.

Consumers sitting in their living rooms are watching television so that they can be driven to consume whatever it is the marketing industry deems appropriate. As if joe schmoe fatass sitting on the couch is informed enough to have a say over anything. That's exactly how it's supposed to be in what is sometimes called a "state capitalist" system.

Puff out your cheeks, throw a temper tantrum, stamp your feet. The free market crap is 100% dogma and no matter how many times you quote milton friedman it's not going to change the way the world really works.

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

You've made NO mention of small business.

lol....small business mostly drives the economy as well UE. You kill small business you kill the economy (as we are seeing). It's really as simple as that. You can't keep taxing the shit out of small businesses while expecting to raise the minimum wage to $15 if it's not built into their overhead. If it is raised to "$15" then the cost of goods and services HAVE to rise in order to cover the costs. When this happens business go under (as we are seeing) jobs and businesses are shut down and lost. What happens then? People start to rely on gov assitance (which is exactly what libs and communists like Sanders want). It doesn't take a genius to figure this out. But then again you and Sanders are no geniuses.

[hardgainerj]

free market is not capital cronyism

[mr.turbo]

You've made NO mention of small business.

lol....small business mostly drives the economy as well UE. You kill small business you kill the economy (as we are seeing). It's really as simple as that. You can't keep taxing the shit out of small businesses while expecting to raise the minimum wage to $15 if it's not built into their overhead. If it is raised to "$15" then the cost of goods and services HAVE to rise in order to cover the costs. When this happens business go under (as we are seeing) jobs and businesses are shut down and lost. What happens then? People start to rely on gov assitance (which is exactly what libs and communists like Sanders want). It doesn't take a genius to figure this out. But then again you and Sanders are no geniuses.

Hmm.. well you just made up an imaginary scenario with a handful of logical leaps. Where do you get this information? Would be more compelling if it was based on something that happened in the real world...still waiting on that real world example, looking forward to see this.

here's the key, remaining open to new sources of information.

If you fanatically exclude everything that doesn't not strictly conform to your doctrine, you get into trouble.  For example, have a look at the third world, and have a look at the rich first world countries and guess which ones have followed the neoliberal *free market* rules most closely.  It's very striking the last 40 years or so.  

[mr.turbo]

“Competition is a sin” – John D. Rockefeller Sr.

[Coach is Back!]

“Competition is a sin” – John D. Rockefeller Sr.

1. You don't own a business. No how no way.

2. Stop making an ass of yourself. I'm not being a dick when I say that. You are absolutely clueless. You seriously sound like a brainwashed Econ student. I mean this with all sincerity.

[ProudVirgin69]

Sure, explain that to every successful business owner in America. The economics being taught in most of our universities is based mostly on delution which is why our economic systems are going to shit.

This thread is about the free market advocates Ludwig von Mises, Milton Friedman, and other economists  of their ilk, no?

I get it....as an entrepreneur, you view every single tax to be an unjust penalty, robbing you of what you have worked for.  That doesn't change the fact that the "free market" concept, as originally conceived by Adam Smith and later adopted by the Chicago/Austrian Schools of Economics has never--and will never--existed as anything beyond a theoretical framework.

I suggest you read a book or two so that your worldview can become a bit more nuanced than "taxes = bad".   

[Coach is Back!]

This thread is about the free market advocates Ludwig von Mises, Milton Friedman, and other economists  of their ilk, no?

I get it....as an entrepreneur, you view every single tax to be an unjust penalty, robbing you of what you have worked for.  That doesn't change the fact that the "free market" concept, as originally conceived by Adam Smith and later adopted by the Chicago/Austrian Schools of Economics has never--and will never--existed as anything beyond a theoretical framework.

I suggest you read a book or two so that your worldview can become a bit more nuanced than "taxes = bad".   

As a business owner I can probably say I've read more on business than you have. Feel free to point out where I've said all taxes are bad.

[FitnessFrenzy]

Now you're on to something!

I have nothing against free markets. I have something against any political system becoming extreme in terms of ideology.
Extreme socialism is bad and extreme laissez faire capitalism is also bad IMO.

Our globalized world today is so complex that a dogmatic and rigorous ideological ruling of a country is not beneficial.
Yes, rich people need to pay low taxes so they keep their motivation to work hard but austerity and lack of public health care only hurts the economy.
There are some excellent examples in this book: Stuckler & Basu - The Body Economic

[manuelsonn]

"Yes, rich people need to pay low taxes so they keep their motivation to work hard"

Lol, 96 % of the world works hard to be alive, survival it s the main motivation for almost all of humanity why not for the exploiters who are motivatede just by profit?

[drkaje]

"Yes, rich people need to pay low taxes so they keep their motivation to work hard"

Lol, 96 % of the world works hard to be alive, survival it s the main motivation for almost all of humanity why not for the exploiters who are motivatede just by profit?

Don't poor people need to stay poor so this whole thing works?

[manuelsonn]

yup. i think thats the idea