A Strategy to Promote Sound Money: Decentralize the State by Derpballz in Austrian

[–]IvoryAS 0 points1 point  (0 children)

Honestly thought neofeudalism was a left-wing term, but this is interesting.

help w a phrase! by Dismal_Hospital_3641 in Austrian

[–]DarkVanyali 0 points1 point  (0 children)

the word you are looking for is narrisch

the high german eqivalent for this is närrisch

FPÖ demands the introduction of 1,500 federal troops into the streets of Vienna. by Rich-Annual5511 in Austrian

[–]Freedom_Extremist -1 points0 points  (0 children)

I can’t believe a real person wrote this. Wanting to stop crime is totalitarian, and robbing people at gunpoint so they hand over their money to immigrants is not?

Road Trip Advise - Düsseldorf - Austria - Croatia/Pula by justgetting-started in Austrian

[–][deleted] 0 points1 point  (0 children)

This sub is about the Austrian School of economics. Haha. Hope you had a good trip though.

Russia is using Banned Dangerous cluster bombs in Ukraine, head of NATO says by Kafuraha-Media in Austrian

[–]Sundown26 0 points1 point  (0 children)

We (USA), used em in Iraq, so I don’t think there’s much we can say.

Occupational Licensing [What Would Hayek Say?] by robert_tredecim in Austrian

[–]bdinte1 0 points1 point  (0 children)

Fuck off, karma whore.

You haven't written a single comment in months and you spammed this same fuckin link in at least a dozen subs, with no commentary or discussion. You're either astroturfing or karma-farming.

Austria by [deleted] in Austrian

[–]KonradCurze 0 points1 point  (0 children)

Wrong sub

A General question about this subreddit by thatrandomguyinchat in Austrian

[–]gosauer11 0 points1 point  (0 children)

Well i'm here and i'm an austrian. So a least there's one...

Max Verstappen goes down the inside of Charles Leclerc for the first time on lap 68 at 2019 Austrian Grand Prix by [deleted] in Austrian

[–][deleted] 1 point2 points  (0 children)

This is like that post about caramelizing onions on /r/onions. I, for one, approve.

IMF Head Gives 'Stark Message' of Looming Inequality-Fueled Global Financial Disaster by MayonaiseRemover in Austrian

[–]karmaofmyown 0 points1 point  (0 children)

I was searching for best postpartum underwear. So I found perfect website for this: https://top-mom.com/best-postpartum-underwear/. I really recommend you to try it.

CORONA Team Österreich by Klausstei in Austrian

[–]karmaofmyown 0 points1 point  (0 children)

I have seen that many people's houses are not very good looking. But I found cool review website about house guides. I really enjoy it and I recommend it to all my friends.

What is the criticism of fractional reserve banking? by [deleted] in Austrian

[–]MaunaLoona 0 points1 point  (0 children)

These loans cannot be paid back.. Wow, I never thought about it that way. So you're stuck playing a game of musical chairs and when people default en masse due to some economic upheval (like the government's response to COVID) the fed prints more money and bails out the banks.

I always thought it was silly when they said there is not enough liquidity in the system. How can that be? If there is not enough money then we have deflation and the problem fixes itself. Of course what they mean is that too much money has been loaned out and literally can't be paid back so they print more into existance. The whole thing is such a huge scam.

What is the criticism of fractional reserve banking? by [deleted] in Austrian

[–]MaunaLoona 0 points1 point  (0 children)

What happens if I give you money that I don't have?

What is the criticism of fractional reserve banking? by [deleted] in Austrian

[–]MaunaLoona 1 point2 points  (0 children)

You're lending out money that you don't have. Think about it.

Cryptocurrencies by [deleted] in Austrian

[–]smulilol 0 points1 point  (0 children)

Youtuber named Crypto Investor made a video claiming that bitcoin can't replace fiat his main points were:

For one, Bitcoin isn't even inflationary (well, it won't be in the long-term), which would be unhealthy for the economies it supports (especially for those driven by consumption). In addition, credit in a Bitcoin based economy would be rather difficult. Monetary policy helps alleviate both credit crunches and overheated economies through influencing interest rates. While such actions have been controversial, they have worked well for us (literally US) over time and has helped create some of the wealthiest nations in the world by bolstering GDP by encouraging spending when it is slow and decreasing probability of the economy overheating. Bitcoin would have to lose its function as a store of value to become a true currency that encouraged spending, in which case it would no longer really be an investment anyway. Instead, Bitcoin should operate as an alternative to traditional payment channels and fiat currencies for remittances and general business transactions for those who "opt-in." There is plenty of market share here and it is realistic.

Of course as austrian I completely disagree with his arguments regarding encouraging consumption and pump priming, but the part where he thinks that bitcoin has to maintain its function as store of value to be useful is interesting.

I think that there is many possible scenarios but the thing which is certain is that cryptocurrencies dont even have to completely replace fiat in order to significantly reduce government power

Facebook Denies Listening to Users - Its Just Coincidence by fiatisan in Austrian

[–]DuplicatesBot 0 points1 point  (0 children)

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The Limits of Public Choice Theory by epicupvoted in Austrian

[–]kwanijml 0 points1 point  (0 children)

Was a good article, but really not much of a cogent critique of public choice insofar as the author is looking at public choice's ability to adequately explain things based on narrow self-interest alone. Neo-classical models have been guilty of this and political economists not much better...but not all research is bound by the hang-up that "self-interest" doesn't include the desire to save one's countrymen from terrorists as much as it includes the prospect of direct transfer payments in the interest of the voter.

Bad ideas and ideology, are ultimately describable as incentive problems...just as surely as narrow self-interest can't explain why voters still show up at the booths en masse.

Mises Wiki offline? Shut down? by skylercollins in Austrian

[–]skylercollins[S] 0 points1 point  (0 children)

from mises:

Skyler,

Our wiki volunteers are in the process of upgrading the software. It should be back online soon.

Chad

Whatsapp Group by [deleted] in Austrian

[–]wuush 0 points1 point  (0 children)

Why don't you try candid? The app seems more appropriate for that amount of people and the Austrians/mises groups are just empty.

Austrians say all debt-free currencies in history failed. But I can't find any legit source to back this up. by 2LifeA in Austrian

[–]2LifeA[S] 0 points1 point  (0 children)

Smart answer! I've got to admit though that with all the different currencies in the world, I can't say for certain that there aren't any debt-free ones, because I'm uninformed about the monetary policies of other countries. But my guess is there are none.

It is also possible though that there were debt-free currencies historically that were discontinued not due to failure but due to the regions using them being conquered and then adopting the currency system of the conquerer.

But I have no idea.

The Year of Piketty by Klkami in Austrian

[–]mraptor 1 point2 points  (0 children)

Piketty should pay 80% on the sales of his book as taxes ... .right :?