@Joseph Raszagal  
COMMUNISM

@Communist Starlight  
But of course, yo. I expect no less xD .

@Joseph Raszagal  
I live!  
(To post communism!)

@Communist Starlight  
Been waiting for ya xD .

Ew

@genervt  

Capitalism is Magic!

Leslie Fair approves of this

I love this episode so much. I’m also gonna agree with Alice’s comment from a while back. While Filthy’s been shown to be a pretty decent stallion, I really didn’t expect him to be one of the contributors during the battle. It was a nice touch.

@Azn
 
Trump 2016

Huh. I’ve heard people talk about money being a super power, never thought I’d see the day where it was actually literal.

@Background Pony #4F81
 
#BernieSanders2016

To be fair, they should have included a socialist super hero too.  
He could catch people trying to buy powdered milk outside of government-owned stores.  

 
But he might not be much use against a living nightmare.

Sorry for late answer - workdays are not exactly kind in that manner. I apologize in advance for any mistakes, but the hour is late.
 
@Kamazeustra  
I fully agree that Austrian economics rejects classically understood empiricism experimentation. However despite having background in mathematics I do not agree that theory has to be based on math. Not going into strict philosophy-of-science debate, the best verification method is simple: quality of it’s predictive power. If the theory can’t predict anything it’s pretty much useless (or if its predictions are worse than random/basic instinct). What draws me into researching Austrian School (my degrees are focused on econometrics and statistics) are result of staggering number of good predictions from economist who represent it compered to does who represent view closer to Keynsian. Both 1930s and today.
 
I may be suffering from confirmation bias and if in time I may change my opinion. I wish that economics on macro scale could be mathematized but there are several problems on the way: conscious objects of research with external knowledge, limited amount of micro data, growing complexity.
 
Mathematic models are great on micro scale and on elements that do not evolve. There are my main area of interest (mostly agent-based simulations) in both my work and academics.
 
So despite not being on board with everything that comes in the package, rejecting Austrian school as proper economics simply for lack of mathematics models and experimentation is not wise. I try to be open on other school of economics to, despite that most of them are based on laughable assumptions and generalizations.
 
Good luck with your degree
 
@Ebalosus  
Spain extreme gold acquisition was of course harmful. The difference today is that we have:  
a) pretty good idea about amount of gold available and it unlikely that we get sudden surge in its mining (maybe some new technologies are on the way, by I haven’t heard about them.  
b) Mercantilism was pretty sick system
 
I would prefer some other, safer commodity as base for money or even better non-regulated market of currencies. I just disprove use of fiat money.
 
PS: Please don’t break my windows. I tend to lose my temper in that kind of situations.

@Kamazeustra
 
You sure you’re not confusing commodity money with bullionism? Gold coming into a commoditised market can also crash it, as had happened when Spain brutally stole heaps of precious metals from the new world.

@Kamazeustra
 
That third link!
 

 
I love how it criticizes the Austrian School for rejecting evidence, then goes on to cite sources that seek to disprove it with discredited ideas that don’t actually stand up to evidence and horrible, horrible analysis. For example.

@TexasUberAlles  
I know there are some good ones. The problem with chiropractic is that you have to shop around because the responsible ones are in the same market as the ones that are into the woo-woo that it was founded on. The good chiropractors are those that remove everything that distinguishes chiropractic from physical therapy. At that point you may as well see a physical therapist. There’s less risk of getting a dangerous ideologue.

@Kamazeustra  
I’m all behind any dismantling of libertarian fantasy masquerading as valid economic theory, but all I can say if you think it’s appropriate to lump all of chiropractic in with highly diluted snake oil like homeopathy is that you’ve never had a high cervical misalignment or degenerative disc. Palmer was a moonbat and there are definitely a lot of New Age nutbars who still think spinal disorders cause everything from Hansen’s Disease to halitosis, but having vertebrae that occasionally try to go wandering off on solo adventures can most certainly eff up the entire central nervous system, and there are plenty of medically reliable chiropractors out there who focus on practical kinesiology and leave the mysticism in the 19th Century where it belongs.

@Pathfinder  
I’m mostly through a degree in economics. The Austrian school is a school of economics in the same sense that chiropractic and homeopathy are schools of medicine. Austrian economics is based on praxeology, which is a way of insulating its positions from empirical analysis. Von Mises and Hayek are both clear on the position that empirical study of Austrian positions is undesirable here and here.
 
In all schools except Austrian, theory is understood to mean “based on math and tested with econometric (statistical) analysis” and the Austrian school simply doesn’t do that. It’s based on libertarian ideology, not economic theory.
 
As for the gold standard, gold has in-built deflationary pressure. Every time money has to moved out of the country, for trade or debt service reasons, the money supply falls. That’s even ignoring the limited supply of gold. Whether the entire supply of gold in the world is large enough to cover the U.S. economy by itself is an open question, but it can’t handle anything more than that.

@Lawful Girly
 
Rather be sitting just to get in it.  
Power to the people not the governments.  
Capitalists, communists and terrorists.  
Swear to God, I don’t know the difference
 
-Make Love Fuck War  
Performed by Moby and Public Enemy  
Lyrics by Chuck D and Flavor Flav

Ghosts favorite pony

@Pathfinder
 

@Background Pony #4A81  
And look how well that turned out.

Debout! l’âme du prolétaire  
Travailleurs, groupons-nous enfin.  
Debout! les damnés de la terre!  
Debout! les forçats de la faim!  
Pour vaincre la misère et l’ombre  
Foule esclave, debout ! debout!  
C’est nous le droit, c’est nous le nombre:  
Nous qui n’étions rien, soyons tout:
 
 
C’est la lutte finale  
Groupons-nous et demain  
L’Internationale  
Sera le genre humain :