Mises Community

Welcome back,

I’ve been doing my own thing and been away for a while too. I did receive the private message, and have been planning on responding. I wanted to go through this thread over again and pull out […]

Expedius,

I am very surprised to see an “austrian” defend those ideas. When I first started reading materials on mises.org, the only major flaw of it in my opinion was the impression I had that it wanted to […]

Hello David, I’m back!! Sorry for the looong delay, it’s a long story (check your private message here at mises.org). So what do you say? Where do we pick up the thread? If you’re still interested I’m all for […]

“On the other hand, I also see the point that having something for free also can put you in a situation where you don’t learn how to develop it. This is something similar to how welfare keeps people in poverty […]

I believe Etjon’s gotten my point. There can be several reasons for free stuff, from foreign governments stealing people to make something cheaper or tomatoes falling from the sky. In all cases, it all means that […]

This whole ‘dumping destroys the local agricultural base’ stuff, one variation among many of the theme – is the silliest thing. Suppose that, by sheer miracle, tomorrow tomatoes just started falling from the sky. […]

There is a huge difference between gifts. Gifts given from individuals to individuals are a legitimate means of transferring property and only help the receiver. Gifts given from governments are a different […]

Juliano,
The main reason US companies are incentivised to dump those products is subsidies, so the problem circles around to government, again.

Juliano, your interpretation of Bastiat is way off…he was all about Prioritizing the Use of Limited Resources. Read this partial knowledge and opportunity costs….and this…opportunity costs of war…and […]

“Subsidies to our own industires which behoove them to produce a surplus and dump it on African countires well below the market rate definately hurt those economies.”

Wouldn’t it justify protectionism […]

Subsidies to our own industires which behoove them to produce a surplus and dump it on African countires well below the market rate definately hurt those economies.

As for gifts, well, you have something of a […]

Lol. Whoops! I swear I only hit the button once!

Double post :p Anyways, I’d say that the major problem occurs in debt only when there’s too many farmers. Before the great depression farmers were forced to take on alot of debt, which later led into […]

Bogart, agreed the fascist bankocracy has got to go. We’re thinking more about the possibility of debt servitude in a free society. I’ll certainly agree with you that debt and loans at interest can be beneficial […]

Bogart, agreed the fascist bankocracy has got to go. We’re thinking more about the possibility of debt servitude in a free society. I’ll certainly agree with you that debt and loans at interest can be beneficial […]

Freedom is not Feudalism and getting rid the current Fascist Bankocracy will generate more wealth, create more freedom and help more of the poor. And without fractional reserve banking the poor will find it […]

Eric,
Thanks for the links. “The myth of debt-free living” was especially helpful. Despite my respect for the America transcendentalists, I’m not the type to run off to Walden and I acknowledge the fact that, […]

I just happened across this blog post and I believe it clarifies lending practices in a much more appropriate manner in terms of this discussion:

Consider the following problems:

Qualified borrowers getting […]

“But there is still the possibility of perpetual debt…”

“Perpetual debt” is a boogeyman made for us to believe there’s no life to be made out of acquiring debt (see Gary North’s The Myth of Debt-Free […]