Wow! Austrian Economics gets props on Hannity!

[Chieftain1776]

Dick Armey just gave a shout out to Austrian economics and breifly described Austrian Capital Theory! I'm sure the video will be up on Fox. I'll add it when it comes. UPDATE: It's up (http://www.foxnews.com/video/index.html?playerId=videolandingpage&streamingFormat=FLASH&referralObject=4378957&referralPlaylistId=949437d0db05ed5f5b9954dc049d70b 0c12f2749) @ 3:20 left. Also said that the "best of the economists...the Austrians"

Another thing some people on this forum, Wonktards, and Paul Krugman should recognize is that Dick Armey and many in FreedomWorks are "one of us" as far as ideology. Now as far as practice and tone that's a debatable matter.

"In 2006, the book Hubris included Armey as an on-the-record source, claiming to have been initially reluctant to support the George W. Bush administration's call for war with Iraq, and to have warned President Bush that Iraq might be a "quagmire." Armey said that the intelligence presented to him in support of the war appeared questionable, but he gave Bush and Cheney the benefit of the doubt."
http://en.wikipedia.org/wiki/Dick_Armey#After_Congress

[specsaregood]

Another thing some people on this forum, Wonktards, and Paul Krugman should recognize is that Dick Armey and many in FreedomWorks are "one of us" as far as ideology. Now as far as practice and tone that's a debatable matter.

a "quagmire." Armey said that the intelligence presented to him in support of the war appeared questionable, but he gave Bush and Cheney the benefit of the doubt."[/I]
http://en.wikipedia.org/wiki/Dick_Armey#After_Congress

Yeah it seems giving the benefit of the doubt and trusting Bush and Cheney was a common excuse for shirking their duties.

For example, this is very similar statement from another Republican:


"There are things in the Constitution that have been overtaken by events,
by time. Declaration of war is one of them. There are things no longer
relevant to a modern society. Why declare war if you don't have to? We are
saying to the President, use your judgment. So, to demand that we declare
war is to strengthen something to death. You have got a hammerlock on this
situation, and it is not called for. Inappropriate, anachronistic, it isn't done anymore." ---Henry Hyde to Ron Paul in response to his motion to Declare War on Iraq


Excuses are like a-holes, they both stink.

[Conza88]

Ok, I'm going to have to see this before I add it to the growing collection...

[heavenlyboy34]

Hannity needs to come clean and denounce Bush, but he is still calling him a great President.

He's working the Hegelian dialectic for all it's worth, as I expected. :mad::p:(

[torchbearer]

where are the youtubes to all the stuff being reported tonight?

[krazy kaju]

Someone hit me up when Fox News posts this on the internet. I wanna see!

[Chieftain1776]

Ok, I'm going to have to see this before I add it to the growing collection...

Yeah it's pretty amazing stuff...I thought the about face would happen too. To be fair Dick Armey has always been sound on economics. He's preached about Hayek (and even Mises) before.

[Conza88]

Yeah it's pretty amazing stuff...I thought the about face would happen too. To be fair Dick Armey has always been sound on economics. He's preached about Hayek (and even Mises) before.

Yeah, which is why I wanna see Hannity's reaction etc. The set up, did they get him on specifically to talk about austrian economics, or did it just come out naturally...

the little things... often matter most. :)

[Chieftain1776]

bump...the video is up in the OP.

[krazy kaju]

Here (http://online.wsj.com/article/SB123371237124446245.html) is a good article by Dick Armey about Keynes vs. Hayek.

[Chieftain1776]

Yeah, which is why I wanna see Hannity's reaction etc. The set up, did they get him on specifically to talk about austrian economics, or did it just come out naturally...

the little things... often matter most. :)

You know I looked at the exchange again. It really seems like Hannity pressed the point. I think Hannity read Thomas Wood's Meltdown and is now parroting it. It's definitely plausible as it's a NYT bestseller and it's the only free market analysis that's out right now. He's also been praising Ron Paul lately (http://www.ronpaulforums.com/showthread.php?t=188523)...who wrote the Foreword. I really think he read Meltdown.

This is how change happens: when the old way fails the defeated have to find out what went wrong. That's happening now. Call it co-opting, taking our ideas etc.

[nayjevin]

Dick Armey = Newt = Contract for America = fail

Armey giving props to Austrian Economics is an attempt to blur the line between these folks and true free market supporters.

Taking Ron Paul talking points to 'steer the herd'

Use this exposure, but don't trust the messenger.

[AuH20]

Hannity was blathering about Ahmanijedad and North Korea. He's hopeless.

[jmlfod87]

You know I looked at the exchange again. It really seems like Hannity pressed the point. I think Hannity read Thomas Wood's Meltdown and is now parroting it. It's definitely plausible as it's a NYT bestseller and it's the only free market analysis that's out right now. He's also been praising Ron Paul lately...who wrote the Foreword. I really think he read Meltdown.

This is how change happens: when the old way fails the defeated have to find out what went wrong. That's happening now. Call it co-opting, taking our ideas etc.

I'm sorry I don't see anything in that clip that suggests Hannity himself read Meltdown. I think its pretty clear Dick Armey did, but not Hannity.

[MsDoodahs]

Hannity reads?

:eek:







:D

[Chieftain1776]

I'm sorry I don't see anything in that clip that suggests Hannity himself read Meltdown. I think its pretty clear Dick Armey did, but not Hannity.

I'd only argue that Hannity took the initiative and said there were economists that disagreed and said we should be cutting spending and taxes. That's actually a very minority position even amongst "conservative" economists. I must admit I still haven't picked up the Meltdown but it's the only place in the mainstream that argues for cutting spending. Even the "conservative" economists are saying we need to spend more temporarily as a stimulus. I don't know where else he could have gotten it.

Hannity's a neocon and, like Beck, even if he agreed with everything we did domestically it would ALWAYS take a backseat to the warfare state. So even if he "converts" domestically he's still useless unless he brings on libertarians as he did tonight. Look I know he's a hypocrite but one can hope he returns to his 1998 position (http://www.ronpaulforums.com/showthread.php?t=163392) on foreign policy even it's doubtful.

[Young Paleocon]

Armey was talking way over Hannity's head. Hannity doesn't know jack shit about economics or anything relevant for that matter.

[Young Paleocon]

Here's Dr. Paul with Armey on Cavuto earlier this year.
http://www.youtube.com/watch?v=POgNcP9h_k0

[Conza88]

http://transmitterdown.files.wordpress.com/2009/03/91497-facepalm.jpg

[haaaylee]

is there video on this?