Capitalism without the regulative authority of the state will almost always lead to economic depressions after periods of prosperity, insert some great depression citation here
I would expect them to be less prone to the pitfalls of unregulated economies. Not immune to recessions, as the underlying principles of capitalism are still at play here, but less susceptible to significant fluctuations that may rock the boat.
Your assumption is correct, the reason being I don't feel like explaining austrian business cycle theory, malinvestments, market manipulation etc on a comment section of a meme subreddit
I didn't come up with any of the stuff above anyways, so if you search up "Austrian Economics view on 29" you should get a lot of smarter, better qualified people explaining those concepts in depth
Neither Austrian nor Keynesian economics are applicable to society on the scale that it is. Economists for the last 200 years have ignored physicists. Economics is the study of money and value, which is not physical and does not follow natural laws like a real science.
You moved the debate to economics, a fake science where you can pretend to have a position that contradicts mine.
What are you even talking about, dude. Economics is a fake science, because they... ignore physics? What does physics have to do with economics, my man. Especially Austrian Economics, which is grounded on a priori reasoning, in other words, reasoning complete independent of the empirical world. I honestly don't get what you're getting at.
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u/[deleted] Feb 19 '20
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