tag:blogger.com,1999:blog-542518648627849085.post2322076071563034817..comments2024-02-11T06:00:30.938-07:00Comments on Skeptical Eye: Yglesias Doesn't Understand Ron Paul (or Economics)Nickhttp://www.blogger.com/profile/09991410496107221875noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-542518648627849085.post-21635380756865535912012-07-14T11:49:19.508-07:002012-07-14T11:49:19.508-07:00Thanks, Karl.Thanks, Karl.Nick Jaksonnoreply@blogger.comtag:blogger.com,1999:blog-542518648627849085.post-48516935250269648722012-07-14T11:22:32.194-07:002012-07-14T11:22:32.194-07:00Watched 2/3 of response to Yglesias. He misses th...Watched 2/3 of response to Yglesias. He misses the target more than he hits it.<br /><br />Too much emphasis on "competition" among "entrepreneurs" and "entrepreneurs" are repeatedly construed as industrial titans who have "products" that they make strategically.<br /><br />Industry doesn't exist in the USA in any significant scale, so Woods is talking about a fantasy world as described by Rand in Atlas Shrugged, not the landscape of America 2012.<br /><br />He puts a lot of faith & power in "investment" and foresight used for "investment". He delivers religious reverence for those things. Assuming all humans see the world that way is the biggest flaw of the Austrians.<br /><br />Yglesias is wrong everywhere because he's a sophist! He uses slippery rhetorical traps and pregnant questions that are loaded with assumptions, assumptions that are as equally fabricated and untested as those the Austrians make.<br /><br />As between the Austrian view and the Yglesias view I nod toward the Austrians but they aren't exactly wise. The Austrians want to turn everyone into competitors for a dollar. They want humans to mis-use their competitive urges, not for games/sportsmanship, but for a dollar.<br /><br />This same drive underlays all of the hyper-managed regulatory capitalism on display in America 2012 so I'm not really clear on why the pro-Mises gang think they've got the answer.<br /><br />They've only got the answer to the question of "what is the market?"<br /><br />That explanation doesn't really justify treating "the market" as a god.Anonymousnoreply@blogger.com