Does the Austrian school of economics have solutions?

[Galen]

(06-03-2016, 01:41 AM)taramarie Wrote:

(06-03-2016, 01:36 AM)Galen Wrote:

(06-03-2016, 01:22 AM)taramarie Wrote: Being not business minded that link goes right over my head. I just imagine a country as if it is a business. The more you spend if you want to make a profit has to depend on several things like demand, what buyers are willing to pay, quality (and ultimately reputation). So what you will get back from what you spend which hopefully will be more than what you paid. So I can understand these matters i shrink it down to personalize it. A company that is paying for folks who do nothing is not making a profit from that. But the layabouts are. Those who can work, should. But my point is if a govt spends more it should calculate that kind of move to see if they will profit from it. If not, don't. As we know, the govt spends tax dollars on bs. I also thought tax was supposed to go on things that benefit the people like, healthcare and public services. Well, it does in my country anyway.

A government is not a business.  Name a private sector business that can compel you to buy their product or service?  I should be very surprise if you find one.  Simply spending will not create wealth because the state has no way to determine what is truly valuable.  This is the the most important lesson that you can learn from the writings of Mises and Rothbard.

it is however supposed to create an environment that is business friendly. Not sell it off completely which is what National is doing here and labour giving stuff to refugees.

I suggest that you start with Rothbard lecturing hist students on why the cartels and the trusts of the late 19th century failed.  After that consider why J.P. Morgan funded the Progressive party in 1912.  One of the big mysteries that Eric the Obtuse will never unravel is why big business in general does not support the free market but Rothbard and Mises understood perfectly well the reasons.