mnottertail -> RE: From Unsustainable to sustainable (1/17/2014 7:58:01 AM)
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ORIGINAL: DesideriScuri And, government intervention to prevent and root out corruption isn't a bad thing. It's about keeping the Market "unhampered," as von Mises puts it. Von Mises, among the other fools of his day theorized economics proceeding from assumptions that are wholly invalid, in violation of actual empirical data to the contrary, and down on into the days of Hayek, Fischer, Becker, North, Sowell, and Friedman, who; in the Menger-Friedman controversy forwarded the theory that proceeding from incorrect assumptions and causes did not matter so long as the outcome was what it was said it would be. Here is the line of communistic freetraders who proceed from this perfect competition, and free market ideal that is unworkable and therefore unthinkable in the real world. This illustrates it exactly. A large group of scientists, sociologists, doctors, lawyers, businessmen, and economists (add as you please) are stranded on a desert island, with a vast store of canned goods, enough to feed them quite well until their rescue which is gauged to be within the year. They cannot find a method to open the cans. Finally, the economist says, I can solve your problem... Assume we have a can opener, he smugly intones.
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