@orekix@Moon i vividly remember that we learned about his "multiplier effect" in school ("the more you spend the better the economy runs") and I asked the teacher "so the best way to get a rich world is to never save any money?" and he was uncomfortable with it, but I did believe it and it led to me never saving because i thought it was immoral, essentially.
@lain every time mises is mentioned the book gets like:
> One striking illustration of Maynard Keynes’s unjustified arrogance and intellectual irresponsibility was his reaction to Ludwig von Mises’s brilliant and pioneering Treatise on Money and Credit, published in German in 1912.
i am sorry but this is funny, it's done it several times in the last few pages
@Moon yeah rothbard <3 mises lol, but the point still stands here because keynes later wrote that he didn't even understand it because his german wasn't good enough. (just leaving this her for people who don't read the essay)
@lain > Keynes expressed his disappointment that the book was neither “constructive” nor “original” (Keynes 1914).
> The peculiar point about Keynes’s review is that Mises’s book was highly constructive and systematic, as well as remarkably original. How could Keynes not have seen that?
@Moon there's a condensed speech version of it too, i think, that ends on something like "so he was arrogant, a pedophile and nazi sympathizer but otherwise he was a great guy"
@feld@Moon@orekix “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.”