27 Sep '09 23:30>
Originally posted by PinkFloydIf the Austrian school had its way, we never would. Mathematical modelling and econometrics are anathema to them. Prose is king of the Austrian school.
Actually, we don't.
Originally posted by eljefejesusFirst, there are plenty of people who want smaller government that identify with the major parties more than Libertarians. So Libertarians are not "more correct" in this regard. As for these enormous deficits, one need only look to the Great Depression to find a real life example of the harm caused by fiscal contraction (then in the interest of balancing the long run budget) during a recession.
Libertarians prefer less government.
Therefore, libertarians at this time of huge budge deficits and a gigantic, gi-normous, gi-huge debt overhang are more correct than either major party in recept policy proposals. Why choose healthcare benefits increases now??
Originally posted by telerionBut libertarians wouldn't say: have the fed raise rates, like the fed did in the 1930's.
First, there are plenty of people who want smaller government that identify with the major parties more than Libertarians. So Libertarians are not "more correct" in this regard. As for these enormous deficits, one need only look to the Great Depression to find a real life example of the harm caused by fiscal contraction (then in the interest of balancing ...[text shortened]... us help in solving our buget problem (though more changes to spending would still be needed).