Posts by prau@social.vivaldi.net
(DIR) Post #AwJyKhJZ3HlM8h38YC by prau@social.vivaldi.net
2025-07-20T06:46:22Z
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If #unions succeed in raising the wages of their members, then: production costs rise; prices of goods sold rise; sales fall; the quantity of goods produced falls; capital and labor leave the company for non-union industries, where wages for non-union workers fall. Thus, unions benefit at the expense of all other workers (and consumers).#economics #capitalism #workers #union #anticapitalism
(DIR) Post #AwM0HZdniLPLhC4axc by prau@social.vivaldi.net
2025-07-21T03:02:42Z
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"The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a “dismal science” and why this age of wars, civil wars, and destruction has no use for it." - Ludwig von Mises, Economic Freedom and Interventionism.#education #statism #economics #misesquotes #mises
(DIR) Post #AwOTbRbwZ5hJZNx3IW by prau@social.vivaldi.net
2025-07-22T12:48:58Z
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"Modern civilization is a product of the #philosophy of laissez faire. It cannot be preserved under the ideology of government omnipotence. Statolatry owes much to the doctrines of #Hegel. However, one may pass over many of hegel’s inexcusable faults, for Hegel also coined the phrase “the futility of victory”. To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."https://mises.org/online-book/human-action/part-six-hampered-market-economy/chapter-xxxiv-economics-war#statism #economics #history #war #laissezfaire
(DIR) Post #AwOTfPjDVTgUtBFKmu by prau@social.vivaldi.net
2025-07-22T12:47:49Z
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"It can hardly be asserted that the economic history of the last decades has run counter to the pessimistic predictions of the economists. Our age has to face great economic troubles. But this is not a crisis of capitalism. It is the crisis of interventionism, of policies designed to improve capitalism and to substitute a better system for it." — Ludwig von Mises, Planned Chaos.https://mises.org/library/book/planned-chaos#economics #history #capitalism #interventionism #statism
(DIR) Post #AwUWrt6pYox2IXgsm8 by prau@social.vivaldi.net
2025-07-25T10:31:05Z
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#UBI, if actively implemented, will destroy any #economy. That is why (always anti-capitalistic) governments are in no hurry to implement it.
(DIR) Post #AwY6LThgf6SU3sefL6 by prau@social.vivaldi.net
2025-07-27T05:35:37Z
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@wjmaggos No. Please read #Mises and/or #Rothbard on the issue.
(DIR) Post #AwYLwoPe7z7gJgTcKu by prau@social.vivaldi.net
2025-07-27T06:11:19Z
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"Keynes did not add any new idea to the body of inflationist fallacies, a thousand times refuted by economists. His teachings were even more contradictory and inconsistent than those of his predecessors who, like Silvio Gesell, were dismissed as monetary cranks. He merely knew how to cloak the plea for inflation and credit expansion in the sophisticated terminology of mathematical economics. The interventionist writers were at a loss to advance plausible arguments in favor of the policy of reckless spending; they simply could not find a case against the economic theorem concerning institutional unemployment." -- Ludwig von Mises, Human Action.https://mises.org/online-book/human-action/chapter-xxxi-currency-and-credit-manipulation/4-objectives-currency-devaluation#mises #misesquotes #inflation #keynes #statism #capitalism #unions #unemployment
(DIR) Post #AwYN0q0iEFlGNuIVrU by prau@social.vivaldi.net
2025-07-27T03:06:47Z
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If my account gets blocked, you know who to blame.#freespeech #enemiesoffreedom #statism
(DIR) Post #AwYNHacsgH3Pas8eSu by prau@social.vivaldi.net
2025-07-27T02:39:56Z
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Is it possible to think critically about how society functions without having the necessary knowledge about how society functions, especially the economy? #economics #politics #capitalism #socialism #statism #science #criticalthinking
(DIR) Post #AwYNMP9okUSzTJqAAy by prau@social.vivaldi.net
2025-07-27T02:34:29Z
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"From time to time I entertained the hope that my writings would bear practical fruit and point policy in the right direction. I have always looked for evidence of a change in ideology. But I never actually deceived myself; my theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline." — Ludwig von Mises.#misesquotes #statism #economics #capitalism #socialism #mises
(DIR) Post #AwYpwsJ2eJLJ16Kk1g by prau@social.vivaldi.net
2025-07-27T14:06:36Z
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@wjmaggos Rothbard's Man, Economy, and State.https://mises.org/online-book/man-economy-and-state-power-and-market/10-monopoly-and-competition/2-cartels-and-their-consequences
(DIR) Post #AwZwHJYG7z1TXwGVNo by prau@social.vivaldi.net
2025-07-28T02:46:05Z
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One anti-capitalist writes: "bro, if jesus lived today, he'd be the most radicle left you can imagine."This cannot be a good thing about Jesus. It only means that He does not understand the economic theory of His world.#capitalism #economics #anticapitalism #education
(DIR) Post #AwZxY08PfkMgCehFyK by prau@social.vivaldi.net
2025-07-28T03:06:44Z
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@magicalthinking The Bible was written by economically illiterate people, so no one will find anything useful for economic life in it, except for the commandments: You shall not murder, You shall not bear witness against your neighbor and You shall not steal.
(DIR) Post #AwZxqiAIht7tyQV8xk by prau@social.vivaldi.net
2025-07-28T03:10:05Z
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@magicalthinking
(DIR) Post #AwlJIyHqW1cWVL06Qi by prau@social.vivaldi.net
2025-08-02T14:25:16Z
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"... the rate of interest … is not a function of the quantity of money. It is a function of “time preference,” of the rate at which people prefer satisfactions in the present to the same satisfactions in the future. … … time preference is deeply rooted in human nature and the nature of man; it is not in the least a monetary phenomenon but would be just as true in a world of barter." - Murray N. Rothbard.#economics #rothdard #capitalism #austrianeconomics
(DIR) Post #AwmPKNszcMa34UOPDM by prau@social.vivaldi.net
2025-08-03T03:08:36Z
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(DIR) Post #AwrMdRVL3nVPiwWZVI by prau@social.vivaldi.net
2025-08-05T12:24:16Z
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"A society in which liberal principles are put into effect is usually called a capitalist society, and the condition of that society, capitalism. Since the economic policy of liberalism has everywhere been only more or less closely approximated in practice, conditions as they are in the world today provide us with but an imperfect idea of the meaning and possible accomplishments of capitalism in full flower. Nevertheless, one is altogether justified in calling our age the age of capitalism, because all that has created the wealth of our time can be traced back to capitalist institutions. It is thanks to those liberal ideas that still remain alive in our society, to what yet survives in it of the capitalist system, that the great mass of our contemporaries can enjoy a standard of living far above that which just a few generations ago was possible only to the rich and especially privileged." — Ludwig von Mises, Liberalism.https://fee.org/ebooks/liberalism-by-ludwig-von-mises/#economics #mises #liberalism #statism #capitalism #education
(DIR) Post #Ax5V3Kl8HTgIBBCvya by prau@social.vivaldi.net
2025-08-12T08:18:00Z
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@strypey Did you know that unions are extortionists and exploiters? That they always want wages and other benefits above market rates? That the main victims are consumers and workers who are not union members?
(DIR) Post #AxPaOPV4Ed9htdlFh2 by prau@social.vivaldi.net
2025-08-21T17:01:56Z
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@jf_718 #Unions cannot improve the lives of all #workers. They only care about themselves. Consumers and workers who are not union members are victims of union activity.
(DIR) Post #Axme2rrixd7hx4Q7Iu by prau@social.vivaldi.net
2025-09-02T03:51:31Z
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@Nonilex Unions are a redundant, and harmful, link in the chain of production of consumers goods.