kike detected

"trust me guys prostrating ourselves before the free market and corporations will totally save the west"

Optics check

@DisCrypto he did this after writing a theory of money and credit

Anything I can read about this?

About Mises's gov job I mean

To be clear, I'm not saying the market is the most important thing and I have some hard questions to face as a libertarian on many issues, but by understanding the economy you are not changing your political and philosophic outlook on life. It simply adds to your understanding of the world.

You can say from an economic perspective one thing and a political one anohter

e.g immigration

But on the issue of loans I honestly feel as if it isn't immoral via the concept of time preference

The real question we should be asking is "What is the definition of usury?"

@AustrianSchoolUbermensch Have you read Hoppe yet (or at least have an a understanding of him, so to speak)?

I got the reference

Catholics seem to mostly consider all interest as usury, but from my personal studies it seems the biblical definition is more like "lending to someone who *you know* can never pay the interest."

read his works economic science and the Austrian method and Democracy the god that failed.

Does discord put up on the book title? (I know the book though)

Pick up*

Wouldn't think so just said it like that because it was quick

Charging 6 Unobtainium coins (interest = 1 coin) to borrow 5 U-coins when only 5 coins exist in the entire world would be usury

@AustrianSchoolUbermensch Oh ok, some of the normies will be confused though

Hoppe is great

I need to finish reading DtGtF

edited it

He is great in parts

Can get abit spicy of course

@AustrianSchoolUbermensch I understand the economy but economics is valuefree right? Groups can and will pick traditional ways of living over the optional economic option.

Yes You can understand economics and not be materialistic

e.g you can understand that tariffs are an overall bad thing on your economy and still want them to "conserve communities" or whatever reason, but as long as you understand the long run consequences

but then it becomes a value judgment

Gee I wonder how much better Japan would be now if it didn't create car manufacturing through tariffs

Likewise Korea with its shipbuilding industry and Samsung etc.

Just so bad for the economy

Think of all the cheap shit they could've got with their economy stuck in the primary sector

It's weird how Austrians hate the labour theory of value and still make use of Smith's and Ricardo's model to justify free trade

Just think for a minute about the example usually given about wine and cloth being traded between Portugal and England
Somehow Portugal can just scale up the output of vineyards because they had timesavings. You just throw more labour at it and the Vineyards magically produce more
Somehow there's a magical advantage for England in producing cloth (cloth not wool) so only England should make cloth because you know Portugal as a country is just magically incompetent at turning wool or cotton into cloth

Tariffs are a good thing. The only upside to free trade is that you have marginal cost savings which can have some use if you want cheap raw materials for your industries so they can be competitive enough for export or if you want intermediate/labour intensive goods like steel for further use in your high value added manufacturing

But even then western wages are hardly competitive enough to make it worthwhile to produce anything for export in a western country, being limited to exports which depend on their reputation/branding/quality

The LTV is another issue. Arguement for free trade is that when its cheaper to import foreign, resources at home can reallocated elsewhere for better use. Portugal isn't magically incompetent at producing at turning wool or cotton into cloth. Tarrifs have use like protection of culture for example in agricultural communities which is Abby I support them for that reason though.

@Mr. Nessel What are you even going on about

> "Somehow Portugal can just scale up the output of vineyards because they had timesavings. You just throw more labour at it and the Vineyards magically produce more"

You talk about free trade and don't even bring up the concept of opportunity cost?