"If you care about your fucking country, read Ludwig von Mises and the six lessons of the Austrian economic school, motherfuckers." - @moicanoufc
Saved you a Google. 👇🏻 Ludwig von Mises, a renowned Austrian economist, laid out six key lessons in his work that are fundamental to understanding his economic philosophy. Here’s a summary of these lessons: 1. **Economics and Reality**: Mises emphasized the importance of economic theories being rooted in reality. He believed that theories should not be abstract constructs but should accurately reflect human behavior and the real-world conditions of markets and economies. 2. **Human Action**: Central to Mises's teachings is the concept of "praxeology," or the study of human action. He argued that all economic phenomena result from individual choices and actions, motivated by various desires and aims, and that understanding economics requires an understanding of these underlying human actions. 3. **The Role of Ideas**: Mises believed that ideas, more than any other factor, shape economic conditions and the course of history. According to him, changes in policies and economic systems primarily result from changes in ideologies and philosophical beliefs. 4. **Social Cooperation**: Mises saw the market as a powerful force for social cooperation. He argued that the market allows individuals to work together peacefully and productively, despite having different goals and values, through voluntary exchanges that benefit all parties involved. 5. **Interventionism**: One of Mises's critical lessons is the problematic nature of government intervention in the economy. He argued that such interventions, while often well-intended, lead to unintended consequences that can disrupt and distort the market, leading to inefficiencies and economic decline. 6. **The Importance of Sound Money**: Mises highlighted the crucial role of sound money in maintaining economic stability. He was a strong critic of inflation and advocated for a monetary system that protects against the devaluation of currency, which he saw as harmful to economic order and prosperity. These lessons from Mises form the core of his economic teachings and have had a lasting impact on the field of economics, particularly within the Austrian School of economic thought.
@the_posts @moicanoufc how does a UFC fighter have a better understanding of economics than the leaders of your country ? 🤣
@the_posts @LPMisesCaucus @moicanoufc What a shout out. Could people really be waking up
@the_posts @moicanoufc Unfathomably based
@the_posts @moicanoufc ROFL, he sounds like a man whose been punched in the head multiple times. He should get checked for a concussion but here you dummies are taking economic advice from him ROFL
@the_posts @moicanoufc What timeline am I in right now
@the_posts @moicanoufc Somebody show this to @JMilei
@the_posts @moicanoufc And I love that it was @joerogan emceeing 😁🔥🔥🔥