Theory and History is definitely one of my favorites from Mises. It's definitely the best book in which Mises elaborates on methodological dualism and thymology.
41:00 - Salerno talks about his work on the consumption bubble in the run up to 2008. Peter Schiff was also talking about this "spending spree" during the bubble in real time as a result of people using their appreciating houses as ATMs, and how the govt and banks made it very easy for people to take out the equity. It was perfect example of capital consumption - people thinking their assets are growing (on paper) but they are actually consuming capital (which is revealed in the bust when all their debt still remains).
@@KittredgeRitter -. I just assumed that it was because most lecturers and professors are leftists if not outright communist or socialist and that's how Marx
@@KittredgeRitter Unless the set of ideas we refer to today as "Marxism" were already codified by ghostwriters and Marx was selected to be its representative. Not saying that's what happened, but that's how "Marxism before Marx" could make sense...
I like these podcasts. Good stuff. Where do logic and reason originate? Seems Mises, et al begged the question. Without these it seems that economics is a physical science.
Give me a break. It only seems this way because you haven't read any Mises. He addresses these issues at length in *Human Action* , *Epistemological Problems of Economics* , *Theory and History* , and variously in other works.
It reminds me of Ayn Rand's response to someone who question sreason: "You want a reason to accept reason?" We'd have to presuppose reason and logic to investigate reason and logic. How can you possibly investigate reason and logic outside the realm of reason and logic. And don't say "through empircism" because empiricism is justified to the extent that the reason and logic has elaborated what its epistemological scope is. Empiricism isn't devoid of logic and reason either. Reason and logic are a priori and in this sense it's vain to question it. Try denying the laws of logic without contradiction.
When Jeff asks about any debates occurring within Austrian Econ, why doesnt Joe make reference to the George Mason / LvMI split? Seems a bit disingenuous to say "its settled... for those of us at LvMI"
Dr.Joe Salerno is wrong mises always states that low-interest rates cause's a consumption boom and investment because of prices don't reflect real scarcity.
" Cause and effect " Cause , The Federal Reserve was born ... Effect ... It will run it's course and just when we think that it's never going away ... We get to learn how to live without all over again . As tho it never existed at all . It will be shameful to utter it's name .
Theory and History is definitely one of my favorites from Mises. It's definitely the best book in which Mises elaborates on methodological dualism and thymology.
Great Bumper Music: Shine, Rollins Band!!!
41:00 - Salerno talks about his work on the consumption bubble in the run up to 2008. Peter Schiff was also talking about this "spending spree" during the bubble in real time as a result of people using their appreciating houses as ATMs, and how the govt and banks made it very easy for people to take out the equity. It was perfect example of capital consumption - people thinking their assets are growing (on paper) but they are actually consuming capital (which is revealed in the bust when all their debt still remains).
Do you know anything about how Marx made it into the universities?
@@KittredgeRitter -. I just assumed that it was because most lecturers and professors are leftists if not outright communist or socialist and that's how Marx
@@thundaga4005 There wasn't marxism before Marx. That doesn't make any sense. Thanks for trying.
@@KittredgeRitter Unless the set of ideas we refer to today as "Marxism" were already codified by ghostwriters and Marx was selected to be its representative. Not saying that's what happened, but that's how "Marxism before Marx" could make sense...
30:44 can someone explain to me what's meant
I like these podcasts. Good stuff.
Where do logic and reason originate? Seems Mises, et al begged the question. Without these it seems that economics is a physical science.
You don’t need to know the origin of something to use it.
Give me a break. It only seems this way because you haven't read any Mises. He addresses these issues at length in *Human Action* , *Epistemological Problems of Economics* , *Theory and History* , and variously in other works.
It reminds me of Ayn Rand's response to someone who question sreason: "You want a reason to accept reason?" We'd have to presuppose reason and logic to investigate reason and logic. How can you possibly investigate reason and logic outside the realm of reason and logic. And don't say "through empircism" because empiricism is justified to the extent that the reason and logic has elaborated what its epistemological scope is. Empiricism isn't devoid of logic and reason either. Reason and logic are a priori and in this sense it's vain to question it. Try denying the laws of logic without contradiction.
It's all self-evident
When Jeff asks about any debates occurring within Austrian Econ, why doesnt Joe make reference to the George Mason / LvMI split? Seems a bit disingenuous to say "its settled... for those of us at LvMI"
Do you know anything about how Marx made it into the universities?
Why not turn on a camera
Dr.Joe Salerno is wrong mises always states that low-interest rates cause's a consumption boom and investment because of prices don't reflect real scarcity.
Praxeology.
Sometimes I listen to Jeff Deist the way a drug addict seeks a fix.
" Cause and effect "
Cause , The Federal Reserve was born ...
Effect ...
It will run it's course and just when we think that it's never going away ... We get to learn how to live without all over again . As tho it never existed at all . It will be shameful to utter it's name .
" Means and Ends "
Central Bank means produce central bank ends .