"You can be arrested for dancing at the Jefferson memorial, a monument to freedom and democracy.
Since when did it become a crime to dance? Anywhere!? "
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He has a consistent voting record; he believes in the Constitution and he believes in freedom. Is that so terrible?
He isn't strictly a Libertarian just like all remaining candidates aren't strictly leftists, but leftists nonetheless.
Religious irrationality does not hold for other topics that have nothing to do with ones religion.
Just like math, austrian economics is based on
My major in uni is econometrics, so I am acquainted with the methodological background of the empiricists' approach towards economics.
Ideology presupposes the preference for certain values
I didn't say it was based on math, you misread me.
Is it the same sort of assumption that the result of adding 2 and 2 is 4? Can you find "new information and study" to the contrary, or would you rather have to point to a mistake in the reasoning or the axioms on which the reasoning is based to disprove the result?
Care to explain why?
Would that be empirical proof or rational one?
The latter part of this quote is just stupid and shows that you know nothing about austrian methodology, which is the same as methodology in maths (theoretical reasoning without empirical verification).
The whole problem with economic verification comes down to the inability to isolate other influencing factors.
Sure, there are certain work-arounds to this problem (like instrumental variables) but any sane econometrician will tell you that they are deeply imperfect and arbitrary, because it's down to the researcher to pick the variables.
So, to sum up, you've got contradicting conclusions from the same premise. So much for your economic law.
Contrast this with the austrian reasoning and try to honestly evaluate if it is "cooky" or "ideological".
I'll concentrate on the more sensible ones, while omitting rubbish like "- Does not believe in a right to privacy" simply because it flies in the face of a basic libertarian principle of respect for private property and everything I've so far read of Paul is deeply rooted in this principle.
Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all. We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on. It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain.- Frédéric Bastiat, The Law
The whole problem with economic verification comes down to the inability to isolate other influencing factors. The popular economic law says:
if the demand for a good increases, the price will rise or remain unchanged.
It actually should be: if the demand for a good increases, all other things equal, the price will rise or remain unchanged.
You cannot verify that empirically, because you can't assure that all other things were equal in the period when you measured the demand and price. For example, the supply could have gone up substantially, so the increase in demand would have been offset by the supply increase, which could have resulted in lowering of the price.
Then, you would have to conclude that when the demand for a good increases, the price decreases, which would possibly be disproven if you used other data. And so on, and so on, you'd be moving in circles.
Sure, there are certain work-arounds to this problem (like instrumental variables) but any sane econometrician will tell you that they are deeply imperfect and arbitrary, because it's down to the researcher to pick the variables.
So, to sum up, you've got contradicting conclusions from the same premise. So much for your economic law.
let's look at the historical data for a second and examine examples where there was little government control over business in the past.