Does the Austrian school of economics have solutions?

[Galen]

(06-02-2016, 11:26 AM)Eric the Obtuse Wrote:

(06-02-2016, 12:59 AM)Galen Wrote: Eric the Obtuse sees the state as a convenient way to steal for him.  He gets to avoid the nasty violent bits and claim that he did not commit any violence himself.  Sadly, this attitude is very common among people regardless of political party.  At least a real thief, or freelance socialist helping themselves to a share of the wealth, has enough spine to the deed themselves.

And which you guys never miss any opportunity to remind us, as you pounce on us all over the internet over and over again. What amazes me about you clueless libertarians who overpopulate the internet is you think we have not heard this mindless trickle-down economics slogan over and over and over again ad nauseum!

It is not my problem that you can't handle the fact that your god or magic wand is the moral equivalent of the mafia.

(06-02-2016, 11:26 AM)Eric the Obtuse Wrote: No, the state steals for YOU guys, not us. The state creates private property and money and enforces it through force of law, prison and murder. And you also think that .1% billionaire CEOs "earn" their money and are entitled to keep it all. Nonsense. CEOs speculate, gamble, buyout, push pencils, buy the government, talk on the phone and steal money from the hard-working employees who rightfully earned it so they can stuff their own wallets at a rate 500x higher than they provide their employees. They get their money because they CAN, NOT because they EARNED it. But you libbies want them to keep all their money in hopes prosperity will "trickle-down." But trickle-down doesn't trickle. It tinkles down on us and the country. Which is the entire reason we are in decline. The ENTIRE reason is YOU GUYS!

It most certainly does not steal for me but it takes a shitload from me and wastes it.  As for the CEO it is up to the board of directors and the shareholders, who are the owners, to decide whether or not executives are worth their pay.  You seem to think that you know what everyone should be paid.  Truth is, no one does which is why prices must be discovered on the market.

As for buying the government I will give you the following from P.J. O'Rourke: When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.  The shortest and clearest statement of regulatory capture I have ever seen.  Say what you like about The Donald but he understands perfectly well that staying business means paying off the mafia he the only way he or anyone else can stay in business.  It is also a good way to get the politicians to shut down competitors which is why business owners tend to contribute to everyone.  Increasing the power of government is not going to fix this.  No one can be trusted with the ring.

Anyone who has actually paid any attention to reality knows that we do not have a libertarian government and haven't remotely had one since the nineteenth century.  This means that categorically the libertarians have had nothing to do with the decline of the US.  From the various economic freedom indexes a valid argument can be made that moving away from a free market has in fact caused the long term decline in the economy of the US.