General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRandian philosophy summed up in a sentence.
"I'm not better than you because I'm rich, I'm rich because I'm better than you."
elehhhhna
(32,076 posts)welcome to DU!!!
elehhhhna
(32,076 posts)they don't justify, or examine it. it's just how it is.
NashvilleLefty
(811 posts)the Austrian School of Economics. Their main argument is that economics is "too complicated" to build a working model. Sort of like Chaos Theory which I believe came from meteorology and yet they have pretty good predictive models for weather forecasting. Instead they believe you have to rationalize economics. That's why I like to call it "Trust Me Economics". Of course, they were all a bunch of silver spoon "thinkers" so they "rationalized" a system to justify their family's riches and improving it.
So, we have tried their theories 3 times and each time they led to Recession. Whereas Keynesian Economics has worked almost every time, and when it didn't work as expected we tweaked it and made it work.
cbayer
(146,218 posts)NightWatcher
(39,343 posts)Like Maya Angelou said "When people show you who they are believe them the first time"
NashvilleLefty
(811 posts)but it sounds like I should!
NightWatcher
(39,343 posts)I think Obama could win if he did nothing but run ads of Rand's quotes
Hatchling
(2,323 posts)"I got mine, screw you."