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...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.
"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.
Labels: economics
71 Comments:
Well, that settles that. Food stamps for the world because CALIFORNIA.
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*
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.
Here I was thinking we had the next big book announcement. How sad.
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)
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"
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.
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.
Holy crap.
The amusing thing about the ignorant, is they tend to be entirely ignorant of their own ignorance.
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.
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?"
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?
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.
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.
'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.
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.
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.
Why are you stupid girls blogging when you should be making me some surf-n-turf?
O M S !!!!
(Oh My "Science")
"Never go full retard..."
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.
This is so frickin awesome.
I actually met Jesus while on spring break in Cancun, so I think I know a little bit about the Bible.
Hitler was Austrian.
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?
Lindsay Vonn Mises? That's Lindsay Vonn Ms., to you, bub.
"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.
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.)
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.
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.
I can zee Aufstria from mein haus!
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.
@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!"
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.
She's perfect for a position in Obama's cabinet. Or she should just write Op-Ed for the New York Times.
It's got to feel empowering to be that stupid.
I know all about Chicago Economics. They have a TV network which focuses on Bulls and Bears.
"And there you have it." Exactly! What more needs to be said!
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.
Bad joke my redneck grandfather used to tell
"If Jesus was a Jew how come he got himself a Mexican name?"
Didn't Krugman have a similar incident once?
Hmm I have visted Chicago several times I wonder if that makes me an expert on Chicago economic thought?
> I can zee Aufstria from mein haus!
That only works if you're Tina Fey.
Vox should careful jumping in to debate her. She has been to South America as well, and probably has too much chile for him.
Just because El Borak mentioned it:
She knows all about chili. She even has a winter coat!
Kristin was also a beauty pageant contestant from SC, wasn't she?
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.
"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.
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.
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.
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.
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.
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.
Austrian economics is hard - Econ Major Barbie
http://blog.mises.org/10884/ceo-of-ing-insurance-to-woods-who-cares-about-austrias-economy/
"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."
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?
I would go to Chicago and site see to learn about Monetarism. But I live in TX and don't have a passport.
Her ignorance is only surpassed by her arrogance.
College is where one pays a hefty sum for the pretense of knowledge.
"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.
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...
"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.
Germane? Everyone know's Michael was the best of the Jacksons...
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.
If DHS is mainly purchasing hollow-point ammo then there should still be ammo available! Why isn't there?
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?
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.
Can we send her to Kenya so she can learn Keynesian economics.
Kirsten probably thinks men shouldn't have an opinion on the Labor Theory of Value because only women can give birth.
She probably thinks the broken window phallusy is an indictment of the male-centric, oppressive, patriarchy.
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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