Quote from: Dr.Zaius on April 20, 2014, 04:39:39 AM

You haven't brought up anything new, other then the typical summary of someone's Austrian economic youtube video.
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The unanswered and unsolved economic issue in the west is usury. None of these "schools" even adress it, they all make up absurd theories to try and justify it. The worst thing to ever happen to economics was when it was divorced from moral philosophy and became a pseudo-science.

When historian's look back on the internet, they will find not only was it not a harbinger of innovation but worse, a total propagator of bad ideas and old errors.

Time will be the judge of that. Personally, I think historians of the future will speak of the barbarisms of the industrial era. Schoolchildren will be shocked to learn of bloodletting, slavery, and central banking.

The first was vanquished with scientific progress. The second required mass death and a civil war. The third may yet be done in by cryptocurrency. To call cryptocurrency a rehashing of a failed system is in my opinion myopic and represents a failure to appreciate potential.

You are correct this post Is deeply related to Austrian economic theory. Austrian economic theory has the advantage of being closer to truth.

Edit (post edited 1/12/17 for clarity): I agree that the unanswered and unsolved economic issue in the west is usury.