Comments on: Liquidity Lunacy https://barelyablog.com/liquidity-lunacy/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 By: Alex https://barelyablog.com/liquidity-lunacy/comment-page-1/#comment-3920 Fri, 19 Sep 2008 00:51:49 +0000 http://barelyablog.com/?p=1367#comment-3920 Ilana, you are not the only person who is devoted to Austrian Economics, and you are correct in your understanding of the situation.

I would say that after going through all schools of economics – including the dreadful Marxist doctrines – the Austrian one makes the most sense, especially from a foundational level.

I am also deeply rooted into math – my major is electronic engineering. But the neoclassicals get it wrong too much of the time because they don’t seem to care that people cannot be ‘measured’ in the same way atoms can, or the force of gravity.

What is going on here is a massive brain drain – we are seeing a near complete stupidity on a level that boggles the mind – not even regular economists understand what is going on with the economy right now, and it’s just as bad in the political realm, where liberals and conservatives pipe in sharing their hogwash idea of what is wrong, as if economics wasn’t an actual science; by golly, our political worldview explains it all!

The liberals say that these problems are because capitalism is in inherently unstable, and must be regulated. Pshaw! say the conservatives – the market is good, it’s just those damned GREEDY CORPORATIONS that are doing all of this bad stuff – we need more Christians and conservatives running businesses.

Meanwhile, people who have a clue are watching something that is akin to mass hysteria. The public school system has produced people who are so dumb that they dont even know basic economic law. They are more apt at telling me why whites oppress everyone than they are at giving me a basic explanation of a supply curve.

Total idiots.

]]>