Libertarian economics.
 

We have a small handfull of libertarians on this board. Please share with us your viewpoints and approaches for economics and economic policy.

Re: Libertarian economics.
 

Most libertarians share the same fiscal conservatives ideas as other conservatives.

There are at least two types of libertarians: 1) Idealistic and 2) Pragmatic. An idealistic Libertarian does a great job at defining Libertarian principles, a Pragmatic Libertarian finds ways to influence current policy in a more libertarians way even if it does fall short of the ideal. As a Pragmatic Libertarian, I realize the ideal is impossible (meaning we will never be there). But from the ideal, I'm able to shape opinions about the practical present :)

Re: Libertarian economics.
 

Please share with us your viewpoints and approaches for economics and economic policy.

Re: Libertarian economics.
 

What for? Look it up! :toofunny

Seriously, that's like asking me to write a thesis on Economics in America.

Libertarians are generally supportive of Free Market principles. The pragmatic side of me realizes the need, given our economic size and climate, for minimum regulation and oversight.

In general:

1) We support lower spending and smaller government
2) Lower taxes -- which is all connected to #1. There are many ideas: from fair tax, overall lower taxes connected to less spending, and even some radical ideas about getting rid of the IRS (which I'm not personally open to at this point -- that's a more idealistic Libertarian).
3) Libertarians are typically anti-Kensey economics.... having much faith in the way the market corrects itself.

Re: Libertarian economics.
 

Libertarians are VERY similar to Conservatives in general on fiscal policy.

They tend to differ to a great degree on social policy. Conservative Republicans tend to be Big Government on Social Policy and Small Government on Economics. Actually Republicans and Democrats share more in common these days than ever before...and both represent large spending governments.

Re: Libertarian economics.
 

Can you define a Kensey economist using your own words without google?
Can you name one?

Re: Libertarian economics.
 

What are you trying to prove? Are you asking me my opinion or trying to prove how smart you are? Your thread is a little disingenuous.

I may have misspelled Kensey/Kinsey/Keneysian....whatev.... but it basically means the free market on it's own is inadequate.... micro vs. macro economics.

Re: Libertarian economics.
 

Why did I bother responding to a Coadie thread....

Re: Libertarian economics.
 

This post tells me you're more interested in trying to prove something than actually asking a question.

I'm a Business Minor... I'm not an economist. I don't run for political office and write economic policy. I understand the principles, and have ideas about policy. I also believe in looking at the "macro" picture and checking with how those things are affected.

Re: Libertarian economics.
 

In your own words, how do you describe conservative fiscal policy?

Would you say Regan was an example of Conservative Republican?

What is the Libertarian summary of monetary policy?


Please describe Libertarian economics on its own wiithout referring to Republicans.

Re: Libertarian economics.
 

I am trying to learn about Libertarian economics.

It is John Maynard Keynes as I recall.

Re: Libertarian economics.
 

Who the Hades do you think you are? :ursofunny

Your going to ask my opinion then set the standard by which I reply? Take a hike. Then you want me to relate it to Regan? Ahem...

The rest of what you're saying... why not just make your point, because the coadie train stinks and I don't care to ride.

Re: Libertarian economics.
 

Wow.. so impressed at your quick and sharp recollection. What was his mother's name? lol

I think you Googled it! :bliss

Re: Libertarian economics.
 

I thought you were Libertarian. No need to get touchy when you have a little inquiry what they adopt for economic models.

Re: Libertarian economics.
 

I've developed an affinity toward libertarianism in recent years, and before I classified myself as an independent. I've never completely agreed with the Republican party/platform, and I agree with nearly nothing on the Democrats' side.

What I like about Libertarian views is that they are intended to protect personal freedom and limit government encroachment. There are advantages and disadvantages to that.

I would like to talk about this, but I'm going to have to wait a little while. My kids have music lessons this afternoon, and then I have to go buy my husband a birthday gift - he's turning 40 tomorrow. He really already received his *big gift* (a motorcycle), but I think he'll be disappointed if we don't celebrate at least a little bit tomorrow. :)

Re: Libertarian economics.
 

You are not a Democrat. They don't get into motorcycles. Motorcycles mean you have too much money and not enough tax.

Re: Libertarian economics.
 

A little inquiry? I think you thought you were Perry Mason for a second.

You are asking questions that you are already posturing to know. You look ridiculous.

Go play by yourself.

Re: Libertarian economics.
 

Who said anything about her being a Democrat????

Re: Libertarian economics.
 

That's how I am. I didn't sit in an economic theory class, spend 10 years dissecting all the models and decide which one would work best. The more I heard from Libertarians, the more is resonated with what I perceived was the right approach of government.

I may be further along that road than you -- because like other Libertarians, I also am comfortable taking up social positions that I think better support smaller government as well.

Re: Libertarian economics.
 

What is my economics position?

You are libertarian because you LIKE libertarian people?

The big pain issue today is the economy and I patiently await your giving me some sketch of what Libertarians offer so to see if it may work better.

Re: Libertarian economics.
 

I have no clue nor care what your position is, coadie. I don't enjoy interacting with you and consider you a royal PITA most of the time. (Look that one up).

You seem to know all about Libertarians, so make your own choice.

I'm not a Libertarians because I like the people. You are reading into what I'm saying and making up all sorts of bologna (of course). The ideas I've heard, I've liked. The debates Ive heard, their position resonated with me more. And truly, with fiscal policy, Libertarians are conservatives. They tend to agree on many of the same issues -- this is why candidates like Ron Paul were able to run on the GOP platform for Prez. The audience wouldn't consider all his ideas completely foreign.

Where I differ from the ideal libertarians is that I don't believe a self-managed economy can work today. It's not practical. This is where Ayn Rand would take issue with me... but she's stuck in ideal world and those ideas don't meet reality so cleanly.

Re: Libertarian economics.
 

Who is Ayn Rand?

Can you describe a libertarian economic position or not?

Have you been told what Ron Paul considered his economic foundation?

Re: Libertarian economics.
 

Who is John Galt?

Re: Libertarian economics.
 

Wikipedia. Is your wiki down?

I haven't ever hear of John Galt.

John Galt (2 May 1779 – 11 April 1839) was a Scottish novelist, entrepreneur, and political and social commenter. Because he was the first novelist to deal with issues of the industrial revolution, he has been called the first political novelist in the English language[1].

Re: Libertarian economics.
 

Exactly how minor?

I am still waiting to see your very brief report on economic positins from Libertarians.

Re: Libertarian economics.
 

Keep waiting. Sorry I have not expounded to the satisfaction of Professor Coadie! :toofunny

Re: Libertarian economics.
 

How can the smartest man on AFF not know who Ayn Rand or John Galt is?

And you call yourself a conservative? :)

Re: Libertarian economics.
 

I looked up Ayn Rand and she is a fiction writer?

John Galt (2 May 1779 – 11 April 1839) was a Scottish novelist

This explains why it is difficult to portray libertarian economics? You can do it, I am very interested.

Re: Libertarian economics.
 

Is that all you found out about Ayn Rand? Keep digging, your doing good, son. :thumbsup

As far as portraying libertarian economics, I'm not sure what else you want from me. You are after something and frustrating yourself that you're not getting it. Awww....

I've more than adequately gave you an explanation of what most libertarians think about the economy and the government's role in the economy. If you want me to dissect economic systems and write you a book report, go jump off a cliff. Interact with what you're given.

Re: Libertarian economics.
 

Ron Paul mentions the Austrian School economics. Ludwig van Mises.

Re: Libertarian economics.
 

And.... ?

I know RP's positions on issues. I no little about the Austrian School of Economics (other than what can be retrieved on Google in 5 minutes). But what's your point?

Re: Libertarian economics.
 

Can you give me an example of what you mean?

Re: Libertarian economics.
 

Whereas most social conservatives wouldn't support repealing federal laws against marijuana - a libertarian would want the government out of the role of regulating the substances.

Same can be true with abortion. Libertarians and Moral Conservatives may both oppose abortion, and Roe v. Wade but for different reasons. Libertarians are more concerned about the government regulating and involving itself in this, moral conservatives would prefer a law to criminalize the act.

It's all about the proper role of government.

More "for examples" (same-sex marriage included)
http://www.youtube.com/watch?v=h0GZznxMC14

Re: Libertarian economics.
 

So you're saying that you're comfortable allowing individuals to make up their own decisions on matters such as abortion and drug use, instead of criminalizing abortion or drug use?

Or are you saying that these acts should be categorized as crimes so that they don't fall under the umbrella of personal liberties?

I'm rereading the Libertarian Party platform (so I can try to discuss this with a bit of intelligence :D), and I noticed the stance on abortion (1.4), which, to me, directly contradicts 1.5 (Crime & Justice). "...Government exists to protect the rights of every individual including life, liberty and property. Criminal laws should be limited to violation of the rights of others through force or fraud, or deliberate actions that place others involuntarily at significant risk of harm."

http://www.lp.org/platform

I definitely agree with section 2.0 - Economic Liberty:

...Each person has the right to offer goods and services to others on the free market. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society."

Re: Libertarian economics.
 

Here are some more detailed notes on a libertarian economy.

The lp.org was only a short paragraph on several items.


http://www.syndicalist.org/archives/llr14-24/16f.shtml

Re: Libertarian economics.
 

Neither. I would fall more closely to the idea that for sure doesn't see the Fed Govt having the write to criminalize drugs -- the exception being illegal importing. Even Paul says in the video he respects the rights of States on how they should protect children. He believes adults should have their own decision on the matters.

I debate and part with Libertarians on this issue in these cases:

1) Free Market drugs means more people exploited, hooked, etc... If they are too expensive, street drugs will still be around. If they are too cheap, the accessibility will not help drug use. The Liquor Store, Check Cashing and fast food combo in low income neighborhoods will now also include a Drugs R Us. However, I see Paul's point about letting adults do what they want and finding other ways to protest or otherwise encourage drug-free neighborhoods.

2) Prostitution -- currently children are exploited, women are abused and are being hustled by pimps. Sometimes I think legalizing will alleviate those oppressive relationships... but at other times I see it becoming an industry that further enslaved women and children.

So those issues I hold fundamental Libertarian values, but on a practical level I fight with how that looks on a State and even City level. I definitely don't see the government as the end-all cure for ending problems, and would place even more emphasis on community programs (funded by the community's own charity).

I would love to have a Q&A with Ron Paul.

Re: Libertarian economics.
 

So that is no economics classes?
Economics is a high priority to Libertarians because they are absolutists "anything goes" on social issues.

Re: Libertarian economics.
 

I don't understand your question, Professor.

Yes, I've taken economics classes. No, I'm not an economists, nor will I pretend to be one. I also consider myself to have above-average awareness of political issues (an anecdotal comparisons with those in my social circle). I have a minor in Business, I have an undergrad degree and am an avid reader (just not of econ text books).

As far as libertarians being "anything goes," I guess that's one way of putting it. If you believe in small government, feds not having the power to dictate one's personal life, then you got it. We're talking the same language.

Re: Libertarian economics.
 

What is a minor?
This is the question you didn't understand.

Re: Libertarian economics.
 

No, this is your broken-English question that I didn't understand. You have about 10 questions left answered from me today. Good job. Way to deflect and move on.

If you don't know what an accompanying minor is to a degree, I can't help you. Look it up. You're pretty good at that.