Re: The article makes many good points, but the message is tainted by sensationalistic aspects. -- The Anti-Oppression Federation

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Date Posted: 19:01:21 03/10/03 Mon
Author: Khronos
Author Host/IP: pcp03068144pcs.mtsano01.ga.comcast.net / 68.47.122.203
Subject: Re: The article makes many good points, but the message is tainted by sensationalistic aspects.
In reply to: Hagbard 's message, "I agree with the overall message, but there are two points I'd like to add." on 17:39:02 03/10/03 Mon

I normally find that to be the case with the daily articles I get from the Mises Institute. This one I found I agreed with more than most.

Probably the one tired old notion the Mises Institute (and the Austrian School of economic thought?) just can't seem to let go of is the gold standard! They can't accept the idea that currency, as a medium of exchange, itself has no intrinsic value ("worthless" paper dollars). Instead they hold to the notion that a currency based upon the economic potential of the economy that backs it is flawed. Whereas a currency that is backed by a real material asset (horded away from the open market by necessity) is the only way to go. I wonder what they will say when currency no longer exists as a physical medium at all? I bet they'll have a field day with that one.

Still I liked the way this article debunked the notion that war in and of itself is good for business/the economy. I want to barf every time I hear someone make that point. Sun Tzu said the ultimate aim of war is peace. And that means not engaging in armed conflicts that destroy wealth (ours and theirs). It's true we have to take such drastic steps on occassion, but it bothers me that so few people are looking at this problem from an economic perspective. If we bankrupt the nation defeating the "evil doers" it really won't matter in the overall scheme of things that we won. Maybe I should ecourage my kids to start learning Chinese?

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Replies:

I just had this conversation a couple weeks ago w/a friend of mine -- eom, 21:45:22 03/10/03 Mon
- Re: war is good -- DammitBoy!, 21:54:45 03/10/03 Mon
  - Re: war is good -- eom, 22:48:31 03/10/03 Mon
    - Re: war is good -- DammitBoy!, 05:31:56 03/11/03 Tue
      - Maybe it was a "bat" mitzvah? n/t -- Khronos, 07:03:59 03/11/03 Tue
        Re: Maybe it was a "bat" mitzvah? -- Hagbard, 18:48:10 03/11/03 Tue
        Re: established that eom is male? -- DammitBoy!, 04:13:28 03/12/03 Wed
        You can never be too sure about these things... -- Khronos, 09:43:52 03/12/03 Wed

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