115 votes

My Journey to Ron Paul, from a former Neocon.

I've been reading DP for the last few months and finally decided to join. Ironically, I credit that of Fox News and, specifically, the departure of Glenn Beck for helping to wake me up to Dr. Paul. Beck was the only personality at Fox that I could stand as he seemed to buck the establishment and stand for principles which led me toward libertarianism. Unfortunately, while I like Beck, I found through my own research that he still was a party line guy on foreign policy. I've been supporting Dr. Paul for a few months now but have recently become more vocal about it. What set me off was numerous friends that either had voted for Obama in 2008 or never had an interest in politics and this led me to send out an email to every family member and friend, most of which who religiously listen to talk radio and Fox News. The following is the email I sent to them:

=====
Merry Christmas everyone! I hope everyone got to spend time with their families and friends. I'm not a big fan of email chain letters and the like, and although this one was written purely by me from the heart, I understand if you do not wish to read it. Please, however, watch the YouTube video here instead (or in addition to) - http://www.youtube.com/watch?feature=player_embedded&v=I8NhR...

Many of you are aware of how politically active (and potentially annoying) I am if you have me on Facebook. Before I was old enough to vote in 2000 I worked on the election campaign for George W. Bush. I was always given puzzled glances as someone in my late teens and early twenties that listened religiously to talk radio personalities such as Rush Limbaugh, Sean Hannity, Glenn Beck and Michael Medved. In 2004 it came as no surprise that I supported the reelection of George W. Bush. When my wife and I were married in 2006 I even had Republican logo cufflinks. There was no disputing where my allegiance was.

Fast forward to 2008 and the guy I liked in the Republican primary was Mitt Romney. With the economic storm in the air, he had the best chance in my mind to help fix the economy. But I didn't vote for him...no, rather than voting on my principles, I was enamored by a dashing young candidate named John McCain and while I didn't agree with many of his views, felt he was the guy that had the best chance to keep the presidency with team GOP.

It didn't hit me right away, but at some point after President Obama took office I felt dirty and used. The idea of sacrificing what I believed in and placing a political party over principle was really what did it. And when you step back and objectively look at the structure of the USA from 2004-2008 compared to 2008-today, the differences are extremely minor. One person went to KFC to get the original recipe with mashed potatoes and gravy. The next one promises change and goes for extra crispy and holds the gravy. No matter how you slice it, you are still eating chicken.

As the economic crisis deepened, I stopped listening to the talking heads and did my own research. All of the stories discussed on talk radio throughout the day are able to be read in a fraction of the time online (typically cherry picked from www.drudgereport.com) and have an added benefit of allowing you to make your own opinion.

Now most of us have some common ground, in that we typically wish to reduce the size of government or trim the deficit or cut back on wasteful spending. In my research, I stumbled upon the school of Austrian economics. You may have heard of them - they correctly predicted both the Great Depression and our current economic crisis. Former economic giants such as Ludwig Von Mises and F.A. Hayek were part of the Austrian school and current members with great insight are Peter Schiff and Robert Murphy. These are great resources to look at to see how the market works.

As the 2012 election cycle began, I didn't really have a candidate to get behind. I suppose I liked Romney, but he didn't really motivate me. Then I saw word my fellow high school alum and Livonia native, Thaddeus McCotter, was putting his hat in the ring. His candidacy was basically ignored and he wasn't invited to the debates - a shame as he is head and shoulders above most of the GOP field.

The ignoring of McCotter by the media led me to discover another oft ignored candidate - Ron Paul. I wrote Paul off as crazy in 2008 due to having opinions given to me by the aforementioned talking heads. But this time no such thing would happen. I saw Paul's great showing in the Iowa straw poll and the subsequent and comical ignoring of him by both the mainstream media and Fox. My intellectual independence and the ignoring or marginalizing of Paul ironically led me to him - not away. I read Paul's latest book, Liberty Defined (http://www.amazon.com/Liberty-Defined-Essential-Issues-Freed...) and found myself in agreement with him on most issues.

Which seems to be what everyone says...and then it is followed by "except on foreign policy." Back in 2004, and even 2008 I would have agreed. But the facts are too numerous to do this now. I could spout off history, but if you come from this school of thought that Paul's views are dangerous the easiest rebuttal is to ask our troops. The troops overwhelming support Dr. Paul for President. He has received more donations from active duty military than all other candidates COMBINED (source - http://www.politifact.com/texas/statements/2011/jul/23/ron-p...) The top donors for Paul are US Army; US Air Force and US Navy (source - http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=...) The top donors for Romney are Goldman Sachs, Credit Suisse and Morgan Stanley (source - http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=...) Who is more credible? Those fighting overseas, or those on TV trying to persuade you otherwise?

We can't be taken seriously in wanting to reduce government if we have our own sacred cows. By bringing our troops home from bases overseas they can protect the country and bring that money back domestically. I implore each and every one of you to look at the issues without a preconceived notion.

The way I see it now we have three realistic choices for President in 2012; re-electing President Obama, Mitt Romney or Ron Paul. Is your life better off now than when Obama took office? Mine certainly isn't. Our family has succeeded in spite of government policies rather than because of them. Is Mitt Romney the candidate you can rally behind? His Romneycare debacle in Massachusetts to flip flopping on issues like abortion and simply being a typical politician rule him out for me.

You may wonder why other candidates were left out such as Newt Gingrich, Michelle Bachmann etc...and the reason is simple - policies notwithstanding, they don't have the organizational ability to be President. In Virginia, where 10,000 signatures were required to appear on the ballot, only Romney and Paul could achieve this. Gingrich tried, but couldn't get the support required. The remaining candidates did not even try (source - http://news.yahoo.com/gingrich-virginia-primary-election-154...) How can you be taken seriously if you can't even try to get on the ballot? It wasn't a problem for candidates in years past, and the rules haven't changed.

I know most won’t read this email, but for those who did - thank you for your time, and God Bless!
=====

I've gotten a few replies back, not one of which has been negative. Some responses I've gotten so far:

"Great email man. I agree with you all the way as a former party line McCain supporter myself to now an eyes open paul supporter. Great links. Let's hope this generation is able to see past the media and corporate bs and get behind paul. Merry Christmas to your family."

"I despise the republican party...But I LOVE RON PAUL
Really hope the media gives him a chance to be in the race to go up against Obama"

"Very well said cousin. I'm impressed. You have opened my eyes to Ron Paul and chances are I will be voting (for the first time in my life) for him on election day. I hope you had a nice Christmas, we missed you guys today."



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Nice post and letter. It is

Nice post and letter. It is great to hear about people's journey of awakening. It is instructive to learn what might wake up a former neocon. Your letter was very insightful, though - he he I would not share in your view of McCain as either "dashing" or "young".

More Austrian Economics Hijacking

Many here may remember Newt's favorite president, FDR. His namesake, the Roosevelt Institute, promotes Modern Monetary Theory - MMT. In the textbook world MMT makes academic sense, but in the real world it would be an unmitigated disaster. The implementation of MMT ideas would result in massive government spending and massive taxes. A totalitarian government would be necessary to collect the confiscatory level of taxes required to keep the whole thing afloat. MMT ideas are being pushed at many levels. Fox Business/Fox News is providing a platform for them.

As I pointed out in a previous comment, there is an ongoing effort to link MMT ideas to the growing popularity of Austrian economics. Here is a new one from this week. http://www.cnbc.com/id/45795986/Modern_Monetary_Theory_and_A...

The insights of the early Austrians united contemporary economic theory with the reality of human behavior. MMT ideas lack the very same crucial ingredient that was lacking in the area of economic thought at the dawn of Austrian economic theory. They do not account for human behavior in the real world. Expect more attempts to toss dangerous ideas on the Austrian bandwagon.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

Beware - more Austrian false prophesy

Economist Edward Harrison says "(O)n the whole I use a Austrian-Chartalist blend."

This is impossible, since the principles upon which Austrian economics and Chartalism are based are totally contradictory. To their credit, those on the Mises Institute site have debunked the idea that one can espouse the principles of both these belief systems at the same time. http://blog.mises.org/9092/talk-about-cognitive-dissonance/

There are other false prophets like Mr Harrison who claim to promote Austrian economic theory, who in fact support ideas and systems if widely embraced and implemented will lead to a totalitarian government. Chartalism/Modern Monetary Theory/MMT is one such system.

Just because someone says he or she promotes Austrian economic theory does not make it so.

Beware false prophets.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

confused

k smith, i am a little bit confused now. you were claiming that the people from the mises institute were 'false prophets' because they 'promote dangerous ideas' and 'promulgate lies'.

and your support for this claim is now a blogpost on the lvm institute website where they themselves are debunking a 'false prophet' - a fact you acknowledge yourself. am i missing something here?

i do not know what your background is and how familiar you are with the austrian school of economics, but not all austrians agree on everything and not all libertarians have a deep understanding of austrian economics. take the 3 generations of the austrian school menger, mises and rothbard and you will see that one generation builds on the other, but menger would probably have had his issues with rothbards anarchical approach. both are austrian economists, though.

would a minarchist promote 'dangerous ideas' in the eyes of a strict capital anarchist? maybe. but from a general point of view the capital anarchist would seem a little bit ridiculous claiming so.

I understand not all who embrace Austrian principles agree.

When you are in the shoe department at Kohl's and you overhear a customer and an employee who just met each other discussing how Keynesian economics has led us astray, you know it is part of the popular lexicon. If Keynesianism is bad, and the Austrians predicted the housing bubble and the crash, the uninitiated may conclude those who claim to espouse Austrian principles possess the Holy Grail.

They do not. There are many who claim to espouse Austrian prinicples who promote dangerous ideas. Some of them are given legitimacy by being quoted or having their writings hosted on sites whose owners have promoted early Austrian writers.

Please do not put words in my mouth. I never said "the people from the mises institute were 'false prophets' because they 'promote dangerous ideas' and 'promulgate lies'. I said some of these ideas are promoted there.

My message is for the uninitiated. Things are not always as they seem.

Beware false prophets.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

sorcerers, wizards, uninitiated ones, and false prophets...

in an earlier post you said that 'there are false prophets within the mises institute' followed by 'they promulgate lies'. in another post you claimed that 'dangerous ideas' are promoted by the mises institute. so i am sorry if you felt i misquoted you, but the content is fairly similar.

you did not provide any reasonable examples to support these claims but instead it seems you are trying to mystify economics and the principles of the austrian school. but it is not mystical and there are no prophets anywhere. your message is not for the uninitiated; it seems you are just trying to confuse people who come to this site for the first time and who may not have such a deep understanding of economics.

austrian economics is not the holy grail but it is currently the best theory on economics we have. and until someone comes up with a better one, we should stick to it.

protag I'm sorry ...

... if I implied my intent is to mystify the discipline of economics. That is not my intent at all. My intent is to warn others there are many who claim to espouse Austrian theory who promote dangerous ideas. They cloak themselves in Austrian theory, and promote ideas that will increase the speed at which our wealth is drained from our pockets. My intent is to demonstrate that some of these ideas have infiltrated the Mises Institute, which many look to as the Mecca of Austrian theory.

In an earlier post you said "not all Austrians agree on everything... menger would probably have had his issues with rothbards anarchical approach." Why do you advocate sticking to something in which there is no consensus of opinion? This is a contradiction in terms. It is not possible to stick to something that is nebulous.

Manipulating people is easily done by convincing them to hitch their cart to a nebulous idea. When things go south you can deflect blame. It appears to me Austrianism is being hijacked to do this.

Dr Menger would not be a happy camper!

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

the only thing nebulous

to me are your posts. economics is not a religion my friend. you seem to be looking for a religion. i cannot help you with that. but maybe you will find what you are looking for in the church of your choice.

it is very good to question things. but follow up on the information that is out there, otherwise your scepticism will not bring you any further.

Ah, but protag...

...economics is indeed a religion. Its adherents must accept things on faith. This is why so many economists were convinced government bailouts and injections of gazillions of dollars into our economy would goose the system. Here we all are, 3 years later, still mired in the economic doldrums.

Its priesthood looks down upon the lowly layman. Last year a highly placed economist wrote “non-economist bloggers...should be ignored” and “writers who have not taken a year of PhD coursework in a decent economics department and passed their PhD qualifying exams cannot meaningfully advance the discussion on economic policy.”

This is classic behavior of an insular priesthood.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

(continued from above)

Just as there are spiritual truths, there are economic truths. The discipline of economics is intended to reveal truth. But those who wish to extract wealth from those who create wealth thru work twist it to create confusion, to promote ideas that lead people to unknowingly act in ways that hurt themselves and others.

They did it to Keynes. Now that their Keynesian brand of economic religion has been discredited - like the Millerites - they must latch onto and twist a new school of thought to use for the same ends. This is what is happening to the Austrian school.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

economics is not a religion

who is 'hijacking'/latching onto and twisting austrian economics? do you have names and examples to support your claim?

i assume you are not suggesting that the mises institute is doing that...

To see who is latching onto...

...Austrian economics, please see my comment above.

protag I am sorry if I implied the Mises Institute has hijacked, latched onto, or twisted Austrian economics. This is not my intent.

My intent is to point out that Keynesianism has been used to support ideas and policies that have drained the wealth from the pockets of those who create wealth thru work. Now that Keynesianism has been discredited, those who benefit from these ideas and policies need a new theory on which to hang their hat, that can be manipulated to support ideas that appear to promote economic reform, but will yield the same wealth-draining results.

Austrianism is being used in this way.

Austrian theory is gaining popularity in the national conversation. Popularity attracts opportunists.

I am warning those who are the true defenders of Austrian principles.

I am warning the uninitiated, so they will be aware there are Austrian pretenders.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

i understand and agree with respect to keynesianism

however, i do not think that austrian economics could be hijacked or vastly misused in the same way that it was possible with keynesianism (where politicians like to forget about the reducing-deficits-during-boom-times part), because austrian economics just wouldn't give them the tools that other approaches did (see for example the chicago school).

it is good to watch out, but everyone should be aware that there are different branches that all rely on austrian economics - and i would be hard pressed to claim some of them are fake because they are not purist or too purist for that matter. take hayek, he was even in favor of welfare programs and public schools. but denying that he is an austrian economist would be ridiculous. claiming that he wasn't a purist would be more on track.

reason has published quite a bit on this topic, here's one link if you are interested: http://reason.com/archives/2010/03/01/a-tale-of-two-libertar...

this also gives a good rundown on different 'streams' regarding libertarianism: http://www.toddseavey.com/2011/12/ussr-then-us-today-ron-pau...

to summarize it: if you are hardcore consistent, you are an anarcho-capitalist; if you are relying on austrian economics as the basis of good economic thinking, you are probably a minarchist or small-government supporter. both is fine and none is wrong, in particular when big-government supporters and totalitarians are the norm.

Awesome Story

I voted for Paul in 2008, but it was easy for me because I usually voted libertarian. I know that people like me are still supporting him, but that wouldn't be enough to win. Stories like yours are wonderful because they mean that we are gaining a lot of ground. It gives me hope. Thank you!

Beware false prophets

In an earlier comment protag asked about dangerous ideas promoted by those who are members of the Mises Institute, a source of literature on Austrian economics. Here is one dangerous idea - "(T)here is no such thing as importing or exporting inflation."

This is not true.

When a currency is being inflated those who have parked their assets in it who wish to preserve value dump it and convert it into commodities, which tend to hold their value as a currency is being inflated. This increased demand for commodities drives up the price of commodities for everyone.

This is exporting inflation. If we can be convinced it is not possible to export inflation, we can be convinced inflating currency doesn't hurt others.

There are false prophets within the Mises Institute. There are false prophets who are not affiliated with Mises who claim to espouse Austrian principles. They do not. They promulgate lies.

Beware false prophets.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

Please provide the context

Please provide the context and source of the sentence you quote from the LvMI.

Gladly.

http://mises.org/daily/5701

Thank you, grim, for posting this inquiry. We must use care in examining ideas before embracing them. Embracing misleading ideas leads us astray.

I do not mean to cast aspersions on those who have been led astray. I have been led astray. There is no shame or guilt in being led astray.

However, once we Come To The Knowledge of The Truth, I believe we have a responsibility to Speak Truth, and not continue to Participate In or Perpetuate A Lie. Especially those who Know The Score who are in positions of power and influence in Washington, public policy, academia, and finance.

I am new here. When I have posted these kinds of things in the past on other sites, the source material has vanished from the internet. In some cases my comments began disappearing, I was blocked from posting, or banned from sites. I wonder if it will happen this time?

Hmmm.....

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

I have to differ with you.

I have to differ with you.

When a currency is being inflated BUT OTHERS ARE NOT, some of the "commodities" people with holdings in the inflating currency tend to convert to are OTHER CURRENCIES.

Currencies are optimized as a store of value and if there are stable currencies available they do a lot better job of storing value in ready-to-transact form than other commodities. Other choices are classic precious metals that are viewed as value stores - gold, silver, and the like. Going to other commodities gets you into their particular "weather", though it may be desirable as a diversification. If your own currency were stable it would be bid up at least as fast as the commodities it buys. (Probably faster, DEflating it with respect to the things you need to buy.)

It's when MOST OR ALL of the currencies are inflating and the rush from currencies to precious metals is starting to destabilize that market that you see enough of the rush-from-inflation moving into consumables and manufacturing feedstocks to inflate those markets globally.

That's not "exported inflation". That's "the breakdown of fiat currencies". Investors no longer trust them to store their value and move their resources from the monetary abstraction to the actual things they (or their expectation of the near-future market) will really need. Again it's not the price going up. It's the value of currencies IN GENERAL going down.

At least that's how I understand it. So the "Austrian prophets" don't look "false" to me.

= = = =
"Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job."

That means: For each job "created or saved" about five were destroyed.

With all due respect, in the textbook world ...

... what you say is true. But we do not live in a textbook world. We live in the real world, a world of manipulated/fiat currencies. In the real world, inflating our currency results in rising commodity prices. It exports inflation.

People are tired of economists leading them down the primrose path. Just as Keynesianism was used to convince people to adopt ideas that lead to their own impoverishment, Austrian economics is being hijacked to do the same thing. In the real world, when we inflate our currency, and demand for commodities rises, and Cheerios are $8 a box, and peanut butter is $5 a jar, no one will care what happens in the textbook world.

Unless the discipline of economics illuminates things for people, instead of confusing them and leading them to adopt ideas that impoverish them, it will be relegated to the dustbin of history.

Like alchemy.

Thank you, Michael, for your comment.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

confused

k smith, unfortunately, an earlier post of mine has been lost, so i will try again:

btw, i am speaking from the real world here, not just textbooks and - full disclosure - i am not affilitated with the LvM institute.

it is a little bit imprecise speaking about 'importing' or 'exporting' inflation, because it can lead to a misunderstanding as is probably the case here.

if you inflate currency x then you will need more of that currency to pay for the goods available if there has not been a comparable increase in the supply of goods as well. but you will not need more of currency y or currency z to pay for those goods, if these currencies are not inflated simultaneously, as well.

however, if for example the us dollar is inflated, people in countries other than the us who are also holding us dollar currency will experience a decrease in value of their dollar holdings, but not a decrease in value of other currencies they are holding. that is shown by the changing exchange rate of currencies. if the us dollar is inflated, us goods become cheaper in europe for example, and vice versa if the euro is inflated. that is the real world.

so you can only 'export' inflation in the sense that people all over the world will experience a decrease in their us dollar currency assets if the us dollar is inflated. but you cannot 'export' it in the sense that goods become more expensive for holders of other currencies; here the opposite is actually true.

i also do not think it is helpful making it appear that 'the members' of the lvm institute are false prophets, even if one of them would have made a mistake in an analysis. no offense, but claiming 'they promulgate lies' is a little bit overreaching to me based on what you provided.

misunderstanding

k smith, unfortunately, an earlier post of mine has been lost, so i will try again:

btw, i am speaking from the real world here, not just textbooks and - full disclosure - i am not affilitated with the LvM institute.

it is a little bit imprecise speaking about 'importing' or 'exporting' inflation, because it can lead to a misunderstanding as is probably the case here.

if you inflate currency x then you will need more of that currency to pay for the goods available if there has not been a comparable increase in the supply of goods as well. but you will not need more of currency y or currency z to pay for those goods, if these currencies are not inflated simultaneously, as well.

however, if for example the us dollar is inflated, people in countries other than the us who are also holding us dollar currency will experience a decrease in value of their dollar holdings, but not a decrease in value of other currencies they are holding. that is shown by the changing exchange rate of currencies. if the us dollar is inflated, us goods become cheaper in europe for example, and vice versa if the euro is inflated. that is the real world.

so you can only 'export' inflation in the sense that people all over the world will experience a decrease in their us dollar currency assets if the us dollar is inflated. but you cannot 'export' it in the sense that goods become more expensive for holders of other currencies; here the opposite is actually true.

i also do not think it is helpful making it appear that 'the members' of the lvm institute are false prophets, even if one of them would have made a mistake in an analysis. no offense, but claiming 'they promulgate lies' is a little bit overreaching to me based on what you provided.

protag, I'm sorry your post was lost. Do you think...

..it was lost or deliberately deleted? I am new here. In the past when I have addressed similar issues on other sites my posts have disappeared and my future posts were blocked. I wonder if this is happening to you? Hmmm.....

Back to the topic at hand. When an Austrian economist who conducts seminars for impressionable young people says it is not possible to export inflation, it doesn't matter if this concept is imprecise. What matters is this idea is offered to impressionable young people, who hold the person in great esteem because he is sponsored by an authority on Austrian economics, who in turn accept what he says as true.

If young people can be convinced inflating a currency doesn't hurt others, this leads them to act in ways that hurt others, without them even knowing it.

Leading others to embrace a lie is immoral.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

i am new here myself and

i don't believe that my post was deliberately deleted or lost, it actually has appeared by now and i guess the delay was due to me just registering yesterday.

first, i do not agree with your opinion regarding the 'exporting' of inflation, and even though i think using this term is imprecise i generally agree with mr kelly here, as you can see from my older comment. moreover, you haven't provided a counter-argument; just claiming someone lies and might influence young people is not sufficient to state your case.

i would encourage everyone to inform themselves, there is nothing mystical about economics. you might not agree with the principles of the austrian school - fair enough, but at least provide an argument for your claims. otherwise, people might think you are a troll...

Oh, but protag...

...I DO agree with many of the foundational principles of the Austrian school!

I believe many of the principles of the Austrian school can help reveal truth. But just as the Bible is used to reveal truth, it was used for centuries to justify all kinds of atrocities, including genocide and slavery. It is used today to justify perpetual war, war that Dr Paul speaks against.

That is why I believe it is so important to alert others that those who promote dangerous ideas are cloaking themselves in the robes of the Austrians.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

but my friend

you did not provide any of those 'dangerous ideas' you have been talking about. so why don't you want to uncover those 'dangerous ideas' so that we others will not fall into the trap laid out to us by those pesky false prophets whose only interest lies in justifying all kinds of atrocities, including genocide and slavery...

might it be because they do not exist?

and, no offense, but you do not seem to be very familiar with austrian economic theory. just out of interest: with which of the 'foundational principles of the Austrian school' do you agree?

Oh, but protag ...

...I have given examples of dangerous ideas, perhaps you missed them - Mr Kelly's idea that it is not possible to export inflation, and the MMTer ideas promoted by Mr Harrison.

I believe the biggest foundational principle of Austrian economics is the inclusion of human behavior. Dr Menger was the first to propose and explore the idea that human wants and needs are key aspects to a full understanding of economics. It led him to many economic insights that are widely accepted today.

Dr Menger was an expansive thinker. Until he came on the scene economic orthodoxy focused on mathematical relationships. His ideas were not well received by his contemporaries. Kinda like Dr Paul.

As an aside, thank you for taking the time to respond to my comments. I am enjoying our conversation very much.

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

...

the two examples you provided do not support your claims. i have explained this above. do you have other examples?

regarding your comments on menger:

1. if you really need to address menger by his official title, you should not degrade him to a mere Dr. he was an o.Univ.Prof. Dr.iur. (ordentlicher Universitaetsprofessor Doktor der Rechtswissenschaften), but i think that 'carl menger' or just 'menger' should do.

2. he was actually very well received by his contemporaries in the austro-hungarian monarchy, as he was highly respected for founding the 'Grenznutzenschule' (school of marginal utility) which today is known as the austrian or viennese school. jevons in the uk and walras in france discovered marginal utility at the same time; so that the marginalist 'revolution' affected most of europe. only the economists in the german reich who had a historic/empiricist approach to economics opposed mengers findings. menger even became the private tutor of the austrian archduke rudolf. therefore, stating 'his ideas were not well received by his contemporaries' is clearly false.

protag I meant no...

...disrespect to the memory of Dr. Menger. I am addressing him in the way he would be addressed here in our culture if he were to visit us today. I think each of us is free to address him in the way we see fit.

How cool it would be if he were here, so we could ask him how he wished to be addressed! And to be able to ask him questions!

When I said he was not well received by his contemporaries I meant the orthodox German thinkers. They sought to marginalize his ideas by calling his students "Austrians." I think it is so cool that a term intended to convey derision has now become a stamp of economic credibility. His insights on human behavior and marginal utility indeed gained popularity in his time because they shed light on previously unexplained phenomena.

I think with respect to Dr Menger we are on the same page - except for a form of address!

“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe

semantics

i think if menger were alive today, people would address him as prof. menger, not dr. menger.

if you are talking about albert einstein, would you call him prof. einstein, dr. einstein, einstein or albert einstein? all of those are correct. i would only use one of the last two. if he was standing in front of me (not that that would be possible), i would prob address him as prof. einstein. i guess most people would agree. with menger it's just the same.

but, honestly, it is not all that important.

btw, the 'grenznutzenschule' was the orthodox school in europe pretty much right after menger published 'volkswirtschaftslehre' in 1871. his findings were just to persuasive, only the German economists didn't follow in the beginning. his student böhm-bawerk was an international celebrity in the late 19th century. Afaik the term 'austrian' was attritbuted to the school not before the middle of the 20th century. the German historic approach had vanished long before.

peace

well, basically you need to

well, basically you need to distinguish here. you cannot 'export' inflation in the sense that it will make goods more expensive in another currency (ie one that is not inflated or less inflated) simultaneously. this is because you have more dollars (if the dollar is inflated) chasing less goods, but not more swiss francs (if the swiss franc is not inflated simultaneously) chasing that same amount of goods.

however, if the us dollar is inflated obviously the dollar bills held by foreign countries or citizens of foreign countries will decrease just as much in real value (ie purchase power) as the dollar bills held by us citizens. so if you regard that as 'exporting' inflation, then it is possible.

do you have other examples of why you would call the members of the mises institute 'false prophets' or examples that make you feel they are 'promulgating lies'?

full disclosure: i am not a member of the mises institute, nor do i knowingly know a member of the mises institute personally.