What went so right?
he was a total homo and homos have a lower time preference because homos can't have children and the fact that you could possibly have children as a result of your favourite kind of sexual activity instantly gives you a higher time preference because praxeology.
>>994241
psychologist voodoo please, just stay out of real scientists way
>>994241
Hoppe please kys.
>>994241
But homos can have children, just not with each other.
>>994254
But they don't value those children because they're not a result of ingroup mate selection within the hajnal line
>>994241
t. Rothbard
>>994357
>he believes in the hajnal line horseshit
Might as well believe in nordic aliens.
> Austrian theoristHenry Hazlittargued that aggregate demand is "a meaningless concept" in economic analysis.[8]Friedrich Hayek, another Austrian, wrote that Keynes' study of the aggregate relations in an economy is "fallacious," arguing that recessions are caused bymicro-economicfactors.[9]
This is from the Wikipedia article for aggregate demand. Can someone give the dumbed down summary for what it is and why the Austrians dislike it?
His theory, not his practice.
It could only work with a perfect government.
>>994566
It worked for more than 60 years and it's seeing a comeback after 2008 when it became apparent that market liberalism wasn't cutting it.
>>994711
>2008
>"market liberalism"
You mean the government forcing the banks to give out mortgages to deadbeats and then government coming to help after the banks crashed and started asking for gibsmedats?
God bless an economics thread that might not turn into Marxist shitposting and crying because they are economic illiterate so they don't know who the guy is
>>995686
How exactly is this related to the thread? Clearly you're either totally obsessed with Marx or a Marxist recently bruised your ego.
>>995686
Marxists and Keynesians have diametrically opposed goals.
>>994383
There are two ways of looking at economies; top-down (macro) or bottom-up (micro). Hayek believes that it's dumb to look at recessions as being caused by 'top-down' reasons because the individual uses 'bottom-up' reasoning. As the economy is just individuals, 'the whole economy should be governed by 'bottom-up' reasoning.
Hayek also didn't like statistics as he thought they could be manipulated to get the result you want.
>>994793
>government forcing the banks
Last i recall, the governments didn't any bank to give mortgage to unsolvable peoples. they brought it upon themselves and though that by spreading that shit on the markets they could get away with the consequences.
>>995761
>Hayek also didn't like statistics as he thought they could be manipulated to get the result you want.
Seems kinda autistic, desu.
>>994793
no, I think he means the banks literally having to fucking pay billions in court because they were found guilty of selling horseshit mortgages
get the fuck out of here faux news
>>995801
Austrians fucking hate any kind of sense-data.
>>995801
Austrian economics in general are autistic and so are lolbertarians.
