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by nyokodo
828 days ago
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> A continental sized country at a time when transportation was still limited that used a gold standard satisfies the condition of "implemented Austrian economic principles". Merely having a gold standard in a nationally regulated currency where contracts in that jurisdiction must accept payment in that currency in order to be enforceable is not an implementation of Austrian economic principles. > They were implemented in the same way one says that communism has been tried and it failed. You say the examples of AE implementation are overwhelmingly numerous, you give one extremely dubious example of a single superficial similarity to back that up. Can you even point to a single country that claimed to be implementing Austrian Economics? I can point to any number of places that claimed to be Keynesian or Communist, and even one or two that were giving Friedman a try but no Austrians. Your comparison to Communism are nonsense. |
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Lots of large societies had systems of governance where the vast majority of the economic system was free of government control/safeguards and where the value of the currency was not controlled by the government. As societies grew larger/complicated and concentrated more in urban areas people became aware that government intervention was a good thing if done properly. As with all things if done badly then the intervention is not a good thing.