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Thread: Austrian vs Classical vs Keynesian

  1. #1

    Lightbulb Austrian vs Classical vs Keynesian

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  3. #2
    The problems started when Protestant philosophers separated economics from ethics, this paved the way for the justification
    of iniquity. Finance stripped of its moral laws and left to the machinations of some envisioned perfect market was always nothing
    more than excuses for usury and corruption.

  4. #3
    Quote Originally Posted by Snowball View Post
    The problems started when Protestant philosophers separated economics from ethics, this paved the way for the justification
    of iniquity. Finance stripped of its moral laws and left to the machinations of some envisioned perfect market was always nothing
    more than excuses for usury and corruption.
    No such concept as usury in a moral society. What theocrats and mystics call usury is just free people voluntarily transacting at a market rate of interest.

    The good things about markets is they are inherently moral. A transaction only takes place if two parties agree. Trade is a series of win win transactions otherwise the transaction wouldn't take place. If one party commits fraud, a court system settles the issue. Works very well.



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