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Tuesday, March 26, 2013

How to learn Austrian Economics

Clearly I am debating the wrong person concerning the $56 trillion question.  I shouldn't be engaging Nate in dialectical discourse with regards to the global economy, but rather a genuine expert on global business and economics.
Kristin is a Global Business and Econ major.  I want to make sure everyone understands that. After someone else brings up Austrian Economics...  Kristin blows them away.. with this amazingly awesome retort...
 
"And what does Austrian economics have to do with anything? But yes, in fact I do know some considering I was just there last year. I know a lot of the basics of the economies within the EU."

And there you have it.

Kristin the Global Business and Econ major knows all about Austrian Economics... because she was in Europe just last year.

See friends?   Put down that Milton Friedman.  You don't need to read all that.  You just need to do some sight seeing in Chicago.
Oh Sweet Mises... I'd find it hard to believe, were it not for the fact that I once met an economics major from a large public university who had never heard of John Maynard Keynes.

Labels:

71 Comments:

Anonymous Sigyn March 26, 2013 1:07 PM  

Well, that settles that. Food stamps for the world because CALIFORNIA.

Blogger TontoBubbaGoldstein March 26, 2013 1:11 PM  

Kristin, did you learn any foreign languages while you were in Europe?

No, not really, but I did pick up a little Austrian while I was in Vienna...

*Rimshot*

Anonymous Spoos in August March 26, 2013 1:12 PM  

Pretty sure we talked (albeit not at great length) about Austrian economics in my high school AP course. We devoted quite a bit of time time to Keynes and Friedman. And I was in public school K-12.

Anonymous Mr. Nightstick March 26, 2013 1:14 PM  

Here I was thinking we had the next big book announcement. How sad.

Blogger JD Curtis March 26, 2013 1:15 PM  

I freely admit that prior to discovering Vox Popoli, I would have given a similiar answer.

(WM, Bachelors degree, 9 credits of undergraduate Econ on transcript)

Anonymous Slowpoke March 26, 2013 1:21 PM  

It could be worse. My economics teacher in high school was literally a communist. She would be a card carrying communist, but "the communist party doesn't really have any organization in this state"

Anonymous Apeman March 26, 2013 1:27 PM  

Almost as bad as the fresh out of college four year electrical engineer who did not know the difference between a neutral and a ground in single phase AC wiring.

I can understand a regular person being confused (the functions are fairly similar) but I would expect an electrical engineer to have the difference firmly fixed in his mind.

I thought of a few painful ways of teaching him the difference but my employer would have frowned on that method of education.

Anonymous Conrad The Crazed March 26, 2013 1:31 PM  

Not sure why, but this reminds me of an argument I once had with my brother's ex-girlfriend. The crux of the matter appeared to be her opinion that my choice in pants (Levis jeans) was an anachronistic and thoroughly out-of-style wardrobe item. We were going to hang out in downtonw St. Louis, by the way, and not at some posh pinky-lifting joint.

Thinking it was no big deal, I simply replied: 'Can't be too out-of-fashion when 80% of the population wears them at least on occasion, and more importanly who gives a shit?'

This was apparently offensive, because she immediately shot back: 'Trust me, I know what I'm talking about, I'm an art and design major!'

A bit comically taken-aback by the sheer ridiculousnes of the subject and her apparent seriousness, I calmly said: 'Well those Ralph Lauren and Calvin Klein characters are total dumbasses then, because they still make a shit-ton of jeans that look an awful lot like Levis, and according to you no one is going to buy them.'

Apparently this really tweaked her nirps the wrong way, because she then cried, in all seriousness mind you: 'It's a tiny insignificant portion of their line, and they only make those jeans for people who shop at Wal Mart!'

At that point I lost my composure, because I looked right at my brother and began laughing hysterically.

P.S. BTW this was no high-school kid, this was a 28 year old woman.

Anonymous Van March 26, 2013 1:32 PM  

Holy crap.

The amusing thing about the ignorant, is they tend to be entirely ignorant of their own ignorance.

Anonymous . March 26, 2013 1:32 PM  

I had a college teacher (history) whose first words on the first day of class were a long diatribe about how everyone thinks she is a communist but she really isn't.

So later that day, I went to her office, and on the wall are propaganda posters -- Marx, Lenin, Castro, Daniel Ortega, the usual array of Red dictators.

Next stop, registrar's office to drop the course.

Blogger SarahsDaughter March 26, 2013 1:35 PM  

We stopped by to see my husband's physics professor. He was assisting a student. Her question that we overheard: "Is it 1000 kilograms in a gram or the other way around?"

Anonymous Noah B. March 26, 2013 1:43 PM  

So how is this going to work, is Kristin just going to pick up where Nate left off, or are we going to start over from the beginning?

Blogger Scott March 26, 2013 1:46 PM  

I also have an economics degree* from a major public university and I don't think I heard of the Austrian school until after I graduated.

*It was only a couple electives to pick up the double major. I have a semi-useful degree as well.

Anonymous G-Stop March 26, 2013 1:47 PM  

I'm not surprised either. I'm an econ major in a Canadian university and I think I've only heard a professor say Austrian once in class. If they do talk about Austrian economics they're usually giggling amongst themselves about the gold standard. I've probably learned more about economics surfing the web than in class.

Anonymous Idle Spectator March 26, 2013 1:48 PM  

'Trust me, I know what I'm talking about, I'm an art and design major!'

I think no futher explanation is needed.

I know artists, but c'monnnn. 99% of the time, the next Physics Whiz they ain't. Or even rational about the real world. Silly artists, put the sippy cup down.

Anonymous Van March 26, 2013 1:54 PM  

I don't know why people act like it's such a big deal that we sent that rover to Mars. We've been importing candy bars from there for decades.

Anonymous bw March 26, 2013 1:57 PM  

but she really isn't.
So later that day, I went to her office, and on the wall are propaganda posters -- Marx, Lenin, Castro, Daniel Ortega, the usual array of Red dictators.


Collectivists are Liars at the very core of their being. It is their essence - and their religious fundamentalism psychopathy.

Anonymous Porky? March 26, 2013 1:59 PM  

Why are you stupid girls blogging when you should be making me some surf-n-turf?

Anonymous bw March 26, 2013 1:59 PM  

O M S !!!!

(Oh My "Science")

Anonymous Thales March 26, 2013 2:06 PM  

"Never go full retard..."

Anonymous Alexander March 26, 2013 2:06 PM  

Noah,

It's over man. Nate and Vox have anything meaningful neither to add nor contradict now that we've all been properly educated from a global business major.

Once Brad the Generic Polysci TA shows up, this blog will cease to have purpose.

Anonymous 15er March 26, 2013 2:09 PM  

This is so frickin awesome.

Anonymous Van March 26, 2013 2:10 PM  

I actually met Jesus while on spring break in Cancun, so I think I know a little bit about the Bible.

Anonymous Daniel March 26, 2013 2:11 PM  

Hitler was Austrian.

Anonymous Van March 26, 2013 2:15 PM  

And frankly, I don't understand all the fuss. I mean, Jesus was the maintenance guy at my hotel - why does anyone care about some stupid philosophy book he wrote?

Anonymous Daniel March 26, 2013 2:16 PM  

Lindsay Vonn Mises? That's Lindsay Vonn Ms., to you, bub.

Anonymous Noah B. March 26, 2013 2:21 PM  

"It's over man. Nate and Vox have anything meaningful neither to add nor contradict now that we've all been properly educated from a global business major."

Wait a minute...how do we know she's really a global business major? She could be bluffing.

Blogger GAHCindy March 26, 2013 2:28 PM  

No matter what I say or do today, I will go to bed knowing that at least I can't top *that* for stupidity. Thank you for posting this. I feel so much smarter now. Comparatively. (Cold comfort, but I'll take it where I can get it right now.)

Anonymous Porky March 26, 2013 2:36 PM  

I will go to bed knowing that at least I can't top *that* for stupidity.

Oh yes you can. But you're not going to bed until I get my damn surf-n-turf. And don't overcook the lobster this time.



Anonymous Merle Haggard March 26, 2013 2:39 PM  

Screechy self-righteous shithead. But that's OK, because she's majoring in being a screechy self-righteous shithead. You see, that includes about 90% of all college majors.

Anonymous Angela Merkel March 26, 2013 2:40 PM  

I can zee Aufstria from mein haus!

Blogger tz March 26, 2013 3:00 PM  

This shows that College is not merely useless but actively destructive. At this point it is a toss-up between watching TV - anything from sit-coms to the talking-point dispensers, but usually people know they aren't marksmen after watching "Top Shot" and would probably be eaten and die (possibly in that order) in any of those survival scenarios. But going to College tends to provide less information than the talking points, damages any dialectical skill, but make them feel really good - the only thing they will excel in is self esteem. And non-dis-chargeable debt.

Things like math, physics, engineering and computer science are bad enough but only remain because it is practical as in buildings will fall down, circuits will burn up, and momentum, mass, and energy are really conserved; but considering most of the "educated" software co-workers, well, I will never starve for work. The zombie apocalypse is in the cubicle next to you. They shuffle between the vending/coffee areas and their desk, but aren't dangerous until they try doing something with what you are working on.

Blogger TontoBubbaGoldstein March 26, 2013 3:01 PM  

@Merle Haggard
Screechy self-righteous shithead. But that's OK, because she's majoring in being a screechy self-righteous shithead. You see, that includes about 90% of all college majors.

You should have added, "We don't play that shit in Muskogee....Oklahoma....USA!"

Anonymous Wambia March 26, 2013 3:03 PM  

It gets worse. I met a guy at a Clemson football game who was a PhD canidate at the University of Chicago who didn't know what the Chicago School was. He actualy asked me to explain it to him.

Anonymous Salt March 26, 2013 3:18 PM  

She's perfect for a position in Obama's cabinet. Or she should just write Op-Ed for the New York Times.

Anonymous Daniel March 26, 2013 3:25 PM  

It's got to feel empowering to be that stupid.

Anonymous Rally March 26, 2013 3:27 PM  

I know all about Chicago Economics. They have a TV network which focuses on Bulls and Bears.

Anonymous JW March 26, 2013 3:27 PM  

"And there you have it." Exactly! What more needs to be said!

Anonymous scoobius dubious March 26, 2013 3:36 PM  

Well I for one don't blame her. "Austrian" my eye. It's camouflage. It's like saying Karl Marx was a German.

Starts with a J, it always does. Ask this chick if she's read any Jewish economic theories of how to destroy everybody, maybe you'll get a different answer.

Anonymous Boogeyman March 26, 2013 3:36 PM  

Bad joke my redneck grandfather used to tell

"If Jesus was a Jew how come he got himself a Mexican name?"

Blogger Tank March 26, 2013 4:15 PM  

Didn't Krugman have a similar incident once?

OpenID ZT March 26, 2013 4:17 PM  

Hmm I have visted Chicago several times I wonder if that makes me an expert on Chicago economic thought?

Blogger James Dixon March 26, 2013 4:17 PM  

> I can zee Aufstria from mein haus!

That only works if you're Tina Fey.

Blogger El Borak March 26, 2013 4:33 PM  

Vox should careful jumping in to debate her. She has been to South America as well, and probably has too much chile for him.

Anonymous Sigyn March 26, 2013 4:42 PM  

Just because El Borak mentioned it:

She knows all about chili. She even has a winter coat!

Anonymous Vidad March 26, 2013 5:02 PM  

Kristin was also a beauty pageant contestant from SC, wasn't she?

Anonymous Outlaw X March 26, 2013 5:07 PM  

See friends? Put down that Milton Friedman. You don't need to read all that. You just need to do some sight seeing in Chicago.

That is too damn funny, but wear a bllet resistant vest.

Anonymous CJ March 26, 2013 5:09 PM  

"Wait a minute...how do we know she's really a global business major? She could be bluffing."

Hush Noah. That's the quickest way to get Vox killed.

Blogger Miguel D'Anconia March 26, 2013 5:21 PM  

All I can say is "Wow". You can never, ever convince someone who is emotionally driven with logic and facts. I'm personally praying for the fiat money system and the whore governments that depend on them to go away.

Anonymous Jack Amok March 26, 2013 5:26 PM  

Kristin the Global Business and Econ major knows all about Austrian Economics... because she was in Europe just last year.

What a complete moron. Everybody knows Australia isn't in Europe.

Anonymous Daniel March 26, 2013 5:26 PM  

How to Learn Austrian Economics

1) Apply for federally-backed student loans.
2) Become sex tourist.
3) Take LSD.
4) Listen to Parliament.
5) Get high-paying global economy expert internship - wait tables at Outback.
6) Pay off loans.
7) Because of loan burden, go on welfare.
8) Buy lobster.
9) Become fat on federally funded gravy train.
10) Claim credentials as a worldly economist with familiarity of European government structures to decry those who would question the wisdom of malinvesting public money into obesity-related genocide.

Anonymous Kristin's Brain March 26, 2013 5:31 PM  

I know a lot of the basics of the economies within the EU.

Like, the Austrian word for "dollar" is "euro". Their dollars come in all different bright colors but they still work like real money. I like the pink ones the best.

Anonymous 11B March 26, 2013 5:45 PM  

Does anyone remember the politician, I believe during the GOP primaries in 2008, who made a similar comment? He suggested that Austrian economics would not work in the USA because our nation was different from Austria. I can't remember who this was.

Anonymous Asher March 26, 2013 6:02 PM  

Austrian economics is hard - Econ Major Barbie

Blogger mmaier2112 March 26, 2013 6:10 PM  

http://blog.mises.org/10884/ceo-of-ing-insurance-to-woods-who-cares-about-austrias-economy/

Anonymous Stickwick March 26, 2013 6:26 PM  

"And what does Austrian economics have to do with anything? But yes, in fact I do know some considering I was just there last year. I know a lot of the basics of the economies within the EU."

Hey, it works for physics, too: "And what does the Copenhagen Interpretation have to do with anything? But yes, in fact I do know some considering I was just there last year. I know a lot of the basics of interpretation within the EU."

Anonymous Curlytop March 26, 2013 6:42 PM  

Not only is Kristin's depth of knowledge concerning Austrian Economics impressive, but how can one argue with the refinement of her persuasive posting skills?

Anonymous Outlaw X March 26, 2013 6:58 PM  

I would go to Chicago and site see to learn about Monetarism. But I live in TX and don't have a passport.

Anonymous Godfrey March 26, 2013 7:24 PM  

Her ignorance is only surpassed by her arrogance.

College is where one pays a hefty sum for the pretense of knowledge.

Anonymous Sigyn March 26, 2013 7:28 PM  

"N whut do Inglish has to do with ennythin? But yea, in fact I do no sum cunsi--considd--sins I went to Inglind last year. I no alot of bay--baes--stuff about Inglish."

...That hurt me more than it hurt you guys.

Blogger TontoBubbaGoldstein March 26, 2013 7:37 PM  

If you told Kristin that her visit to Europe was not germane to the subject at hand, she would probably accuse you of invoking Godwin's law...

Anonymous Lulabelle March 26, 2013 8:01 PM  

"If you told Kristin that her visit to Europe was not germane to the subject at hand, she would probably accuse you of invoking Godwin's law..."
No, no Tonto. It's spelled "GERMANY". And why you think it has anything to do with Austria, I just don't know.

Anonymous Thales March 26, 2013 8:29 PM  

Germane? Everyone know's Michael was the best of the Jacksons...

Blogger IM2L844 March 26, 2013 10:36 PM  

No, no Tonto. It's spelled "GERMANY". And why you think it has anything to do with Austria, I just don't know.

Austrian ergonomics are germane.

Anonymous The other skeptic March 26, 2013 11:31 PM  

If DHS is mainly purchasing hollow-point ammo then there should still be ammo available! Why isn't there?

Anonymous Jack Amok March 27, 2013 12:17 AM  

If DHS is mainly purchasing hollow-point ammo then there should still be ammo available! Why isn't there?

Because there aren't separate production lines for JHP and FMJ?

Blogger Desert Cat March 27, 2013 12:27 AM  

Slightly OT: It appears that Paul Krugman (or a convincing sockpuppet) is now commenting at ZeroHedge.

Perhaps after you are done with Nate, you can lure him over here to debate Austrian economics principles.

Anonymous joe j March 27, 2013 1:04 AM  

Can we send her to Kenya so she can learn Keynesian economics.

Anonymous Jack Amok March 27, 2013 2:28 AM  

Kirsten probably thinks men shouldn't have an opinion on the Labor Theory of Value because only women can give birth.

Anonymous VryeDenker March 27, 2013 3:11 AM  

She probably thinks the broken window phallusy is an indictment of the male-centric, oppressive, patriarchy.

Anonymous David of One March 27, 2013 9:18 AM  

Now, now my fellow Ilk ... there's always room for worse.

Just imagine ... Kristin is having your baby.

For the Women Ilk, I told you it could be worse.

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