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IsraTrance Full Member
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Posted : Feb 25, 2010 02:29
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On 2010-02-20 20:40, braininavat wrote:
The problem with Hayek though is that the boom busts are a good thing in the long run.
It produces many things that would simply not get produced if we had gold back currency because there would not be as much money to lend so projects with more risk would simply not get funded.
There was a huge boom bust in the late 60s with electronics, most the companies from that time no one has ever heard of because they are long gone. Without that boom bust though this forum may have not been possible.
I find no reason to have a discussion on Keynes...I own that book "Hayek" pulls out of the drawer and it is absolutely the hardest book I've ever tried to read.
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Marx is harder... and hegel, welll....
In fact its very curious, that while we live ina capitalist world everybody reads the statist guys and the anti-capitalism literature,.
Its seem strange that books like "the cosntitution of liberty" by Hayek is pretty ignored.
Also Nozck's Anarchy state and utopia reamins quite ignored by the left and misused by the right.
Economy is so easy to manipulate for the goverment since it trust in the ignorance of its citizens.
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