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Showing posts with the label Philosophy

The Empiricist Claim

Last night, I was fortunate to lead the discussion. I had tried to tackle the question, why we are the Austrian Knights and not the Smithian Souls. The debate Austrians find themselves with mainstream economists is not over economics persay but a philosophical debate. I am curious if when reading blog posts such as this one that claim Austrians don't like empirical data, do you get the same sense as I do? That this is not a debate over economics but of a philosophical nature that has long been in discussions . Found an easy to follow Philosophy Forum on Kant vs Hume . How can we best argue in this debate?

OBAMA needs to Learn Economics Part 1

"All things are subject to the laws of cause and effect." - Menger This is not philosophy but truth on causation. Physics teaches us that energy is neither created nor destroyed. What do you think free market thinkers speak of when we discuss the market fluctuations? Whenever there is an interference within the market, it will have to react in order to re-stabilize. The more you interfere the more the market will have to fluctuate. What Obama does not understand, is that by the government not interfering within the market the individuals will not have halted. They will still be buying and selling. Their actions will be the cause that effects other's actions. This is how the market fluctuates. I would like someone to explain to me how this is philosophy, or does someone want to take the side of explaining how government action actually means individual citizens actions. We act with or without governments actions. Our actions do not need government involvement for them to a...