• thewut@lemmy.world
    74·
    1 year ago

    You need to complete the orders faster so the financiers of your country do not lose value of your labor coffee order Wheelbarrows of Money

    It’s not about how much money you have…it is the type of monetary system the government uses…Keynes vs Hayak

    Germany went 100% Hayak…then America got in…and put in some Keynesianism…

    But, the case of Germany will always happen when Keynesian usuary uncouples the cost of labor to the wealth generated by labor…

    Hence the economic miracle of Germany…and Hayak

      • SCB@lemmy.world
        21·
        1 year ago

        We have competition amongst economists and the marketplace of ideas will always continue to evolve toward better neoliberalism.

        • Franzia@lemmy.blahaj.zone
          31·
          1 year ago

          That’s funny because this system is highly inefficient and anti-meritocratic. The marketplace of ideas seems like it doesn’t even stock my favorite brands.

    • vacuumflower@lemmy.sdf.org
      11·
      1 year ago

      Yes, Hayek is still relevant. And you are right, just took time to understand.

      People thinking he’s not are ignorant in mathematical statistics, control theory and obviously economics. I mean, ignorance and leftism, as always.