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Some protection is essential : Comments
By John Turner, published 21/9/2011The present national real assets situation of Australia needs to be understood and used to establish a long term view of Australia’s potential.
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“The fact that you think you know better than everyone else in the world put together doesn't mean you are talking anything other than bullsh1t.”
For this argument to fly, first you would have to prove the Misians were “everyone else in the world”, or even the majority (or new Bolsheviks?). If this were true, you wouldn't have to spend so much time promoting their dogma, would you?
"The essential problem with the free market is that it is reactive, not proactive."
Are you going to deny the market is reactive? I know Mises hated empirical evidence, but that's a bit much isn't it?
“How would you know one way or the other? You don't. All we know is that they considered the goods they bought more likely to satisfy their subjective wants”
There is a simple answer to that, that Mises would never condone -being a theorist and not an empiricist. We could just ask them.
“No-one has suggested that "everyone ends up with equal worth", so your entire argument is invalid. Define "equal worth". “
Actually, I think someone suggested that “free trade is mutually beneficial”.
Define “mutually beneficial”.