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#austrianeconomics — Public Fediverse posts

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  1. The debate on AI often focuses on 'unemployment,' but it misses the biggest point: most jobs suck. We do them only because we need money to survive. This is Ludwig von Mises’s concept of the 'disutility of labor'—we trade our time for purchasing power because the alternative is worse.

    #Libertarian #AnarchoCapitalism #AustrianEconomics #AI #Freedom

  2. The video includes a brief explanation of different a priori truths behind true economic claims and proceeds to refute a series of counter-arguments against capitalism using those truths and derivations from those truths.

    youtube.com/watch?v=aKUeDDAN8mY

    #liberalism #classicalliberalism #libertarianism #rightlibertarianism #economics #austrianeconomics #capitalism #anticommunism #antisocialism

  3. ”government debt competes with private investment, diverting resources from productive uses to politically determined projects. This leads to capital misallocation and economic inefficiency, harming long-term economic growth.”

    An unusually obvious example is Northvolt, the ”green” battery manufacturer which ended up being the largest industrial bankruptcy in modern Swedish history with huge amounts of pension savers' money lost.

    #economics #AustrianEconomics #Northvolt

    libertarianinstitute.org/artic

  4. Our good friend and #AntiPowerHour co-host Cory Massimino has a *brand new* podcast with @C4SS titled “The Long Library” with influential market anarchist and left-libertarian Roderick T. Long on his various writings spanning over four decades. 🏴

    🔗 c4ss.org/content/59378

    #marketanarchism #anarchism #libertarian #libertarianleft #austrianeconomics #politicalphilosphy #individualism #objectivism #egoism #minarchism

  5. CW: Long thread/4

    Contrast this with the crypto bubble. It, too, destroyed the fortunes of institutional and individual investors through fraud and Superbowl Ads. It, too, lured in nontechnical people to learn esoteric disciplines at investor expense. But apart from a smattering of Rust programmers, the main residue of crypto is bad digital art and worse #AustrianEconomics.

    4/

  6. Austrian economics (or the Austrian school of economics) is #libertarian #philosophy masquerading as a school of economic thought. This school is notable for its lack of formal mathematical modeling and empirical testing. Among its more unusual traits, the Austrian school draws its conclusions based on deduction and thought experiments, rather than data. In place of the conventional tools of science, the Austrian School favors a narrative approach called "praxeology". Despite its shortcomings, some less nutty features of the Austrian School have leaked into mainstream economics while the more nutty have found a home at libertarian think tanks (Cato Institute and Ludwig von Mises Institute).

    #RationalWiki #economics #AustrianEconomics #praxeology #catoinstitute #ludwigvonmises #capitalism
    rationalwiki.org/wiki/Austrian

  7. Worth the watch for anyone interested in #Neuroscience
    #Science @hubermanlab @TomBilyeu

    It is intriguing to think that deferring #Dopamine, or better yet, turn the waiting into dopamine aligns perfectly with low time preference (delayed gratification) in #AustrianEconomics

    Just don't mistake #Currency for #Money

    youtube.com/watch?v=xLORsLlcT4

  8. #introduction

    Moved here from mstdn.social. I'm a #Phd Candidate in #philosphy at the University of Maryland, College Park. Currently studying #voting and #underrepresentation alongside a growing interest in #austrianeconomics.

    On the side, I post TikToks about #running, especially as a heavier individual. You can find my vids on running @thesoundofeffort on Instagram and TikTok!

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