Message from @hororizon44575
Discord ID: 773095304849391636
<:blobokhand:428315439173468180> Nuked this channel.
https://imgur.com/LIyGeCR
this is the only channel that fully indorses anarchy
!d bump
Some country's need Keynesian economics
Austrian economics is always better in the long run
Keynesians tend to stacking up inflation over long run
austrian economics lmao
Keynesian? Austrian? Chicago!
https://www.youtube.com/watch?v=7uAUoz7jimg
@beni well the most importent missunderstanding of keynsesn politics is that its an theorie about money and most economics forget that part of it is, to reduce money in a high inflation phase and increase goverment investments in an deflation. Do not know australien school i am gesellianer where john maynard keynes said:
The world will learn more from gesell as from Marx.
And i know why.
In the long run we are all death.
> @beni well the most importent missunderstanding of keynsesn politics is that its an theorie about money and most economics forget that part of it is, to reduce money in a high inflation phase and increase goverment investments in an deflation. Do not know australien school i am gesellianer where john maynard keynes said:
>
> The world will learn more from gesell as from Marx.
>
> And i know why.
@hororizon44575
It seems good on paper but Keynesians are barely able to reduce money supply during inflationary phase (good times) the amount the pump into market during crisis or recession is never compensated completely in the long run.
> austrian economics lmao
@OprahWindFury
I am not surprised a commie don't know what it is.
@beni well i looked it up yes hayek bulshit i know
i mean why would anyone increase cost for money in an deflation phase
No, you are getting it wrong. The best thing to do during deflationary phase is to let free market recover without interfering in it.
Money velocity is determined by the availability of goods and services as well as sentiments of people not amount of paper in circulation. Keynesians fail to understand that.
if you do that banks will increase the cost for there money which leads into economical collaps
if you do not believe look at "wunder von wörgel" an economic crises becouse of no money in the system
Increasing cost of money does not mean economic collapse. Real value is not in the fiat currency but the labour done and goods produced, it will delfate currency and adjust itself.
> if you do not believe look at "wunder von wörgel" an economic crises becouse of no money in the system
@hororizon44575
There are immense number of crashes caused due to pumping fiat currency into system during crisis and not being able to control it which lead to hyperinflation
When you deal with a monetary system which is not limited (like gold back currency) it's value will always deteriorate over time if Keynesian methods are applied
it would increase the deflation
becouse if money cost more people will bunker money
which increase deflation becouse of no investments
well i am an gesellianer (i know pumping money into the system brings problems) thats why i am for giving an price for bunkering money.
and no not like inflation more like a tax on Banknotes and directly usabel bank kontos
while reducing the number of given kredits in the system (less credits and faster/more exchanges)
Deflation is bad but letting it get solved naturally overtime has the least negative consequences as compared to the hyperinflation caused by giving stimulus for discouraging cash bunkering while inevitably lead to sudden burst in demand
banks will not give kredits for many reasons (one is becouse the money is worth quite much. Secend is why go into risk and financ samething if noone buys samething. If you want to solve this naturaly that would mean great depression.
of course I know what Austrian economics are
praxeology <a:BBoomer:587002239353356302>
btw silvio gesell wonder of wörgel comes from austria
The Wörgl Experiment
One Schilling note with demurrage stamps from Wörgl
Wörgl was the site of the "Miracle of Wörgl" during the Great Depression. It was started on July 31, 1932, with the issuing of "Certified Compensation Bills", a form of local currency commonly known as Stamp Scrip, or Freigeld. This was an application of the monetary theories of the economist Silvio Gesell by the town's then-mayor, Michael Unterguggenberger [de].
The experiment resulted in a growth in employment and meant that local government projects such as new houses, a reservoir, a ski jump and a bridge could all be completed, seeming to defy the depression in the rest of the country. Inflation and deflation are also reputed to have been non-existent for the duration of the experiment.[citation needed]
Despite attracting great interest at the time, including from French Premier Edouard Daladier and the economist Irving Fisher,[3] the "experiment" was terminated by Austria's central bank Oesterreichische Nationalbank on September 1, 1933.[4][5]
In 2006 milestones were placed, beginning from the railroad station through the downtown, to show this history.[6]
i have a question the so called austria school what have this school done 1932? maybe blocked an sucessful money experiment.
The Austrian ‘school’ of economics is widely discredited in mainstream economics, and they have zero empirical evidence for their theories
yeah they have no empirical evidence but there is empirical evidence which just shows the oppesit of there so called theorie.