Richard Duncan recently appeared on the podcast Wealth Formula to discuss the Austrian school of economics. Despite being only 42 minutes long, the episode is packed full of errors and fallacies.
What makes the discussion relevant for Austro-libertarians is not that these two non-Austrians know nothing about Austrian economics, but that their uninformed critiques are characteristic of the kind of simplistic descriptions of Austrian thought that we can expect to encounter in the future, as similarly un- and misinformed individuals on the right distance themselves from us in an attempt to attract new adherents as the Zeitgeist shifts to the right.
Duncan argues along the following lines:
- Austrians proceed from the premise that gold is money and that credit expansion thus cannot continue indefinitely.
- Austrians believe that credit growth leads to economic bubbles that always pop: More credit means more consumer spending and more investment, leading to a growth in prosperity, but when the credit growth stops, as it must under a gold standard, the bubble pops, and the process reverses as consumer spending, investment, employment, and prosperity shrink.
- However, gold stopped being money in 1968 and, since then, capitalism has turned into “creditism,” changing the way our economic system works: The explosion of credit that has taken place has made the US and global economies much larger than they could otherwise have grown. […]
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Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
