America's 1% Has Taken $50T From the Bottom 90%

Re:America's 1% Has Taken $50T From the Bottom 90% by dnautics on Friday February 12, 2021 @02:16PM (#26117395)

I'm not austrian (for example, I believe that the velocity theory of monetary value is partially true). You're the one that boxed me into that category. Only about 20% of what they say is any good, but those parts are definitely not being said by anyone else.

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Re:America's 1% Has Taken $50T From the Bottom 90% by notahacker on Friday February 12, 2021 @02:57PM (#26117869)

I didn't say you were an Austrian, though I must admit I'm intrigued by what you think they are saying that is useful and nobody else says (even arguments favouring gold standards are not unique to Austrians; a priori praxeology, perhaps, but I would have difficulty concluding their a priori praxeology was "any good"). At a stretch, maybe Hayek's free banking, but then others have described natural experiments with free banking but just reached somewhat different conclusions...

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Re:America's 1% Has Taken $50T From the Bottom 90% by dnautics on Friday February 12, 2021 @06:52PM (#26120015)

s/nobody else/the major economic schools/

So like chicago, keynes, socialism, mmt (which admittedly is niche)

Better?

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