MISES AND ROTHBARD – END THE PSEUDOSCIENCE We need to stop this kind of thing. 1

https://mises.org/blog/myth-macroeconomicsSAVE MISES AND ROTHBARD – END THE PSEUDOSCIENCE

We need to stop this kind of thing.

1) Macro economic manipulation measures the extent to which we can deceive through disinformation, and socialize private gains from capital accumulation. Macro economic manipulation DOES produce gains that SOMETIMES offset those private losses. But this is very hard to measure with any degree of reliability.

2) Mises is correct that the subjective operational testing (praxeological) of any economic proposition must be possible to construct as a rational and preferable sequence of events, for us to claim that economic phenomenon are descriptive of MORAL processes consisting of TRUTHFUL information provided by money and prices.

3) But it’s not myth, it’s not pseudoscience, it’s just IMMORAL. Mises conflates not only logic and science, justification and criticism, but also truth and morality. He did hold an insight but as a philosopher he was only marginally better than Rothbard, who was a catastrophe. We are better off reading Simmel than either Rothbard or Mises on the morality of money.

I struggle to reform this nonsense on a daily basis and thankfully I’ve mad substantial progress. Because we cannot pursue liberty by pseudoscience any more than the marxists could pursue communism through pseudoscience.

Mises is repairable. Rothbard less so. Hoppe more so. Hayek and Popper even more so.

But as the right ascends, libertarianism is quickly devolving even further into a lunatic fringe.

It is no use taking down mises and rothbard and possibly hoppe because of dedication to the false praise of men who were partly right but because of cultural traditions conflated true with moral, justification with criticism, logic with science, and straw men with argument.

We do their legacies no honor by promoting their errors rather than their achievements.

IN THREE GENERATIONS WE SOLVED THE PROBLEM OF SOCIAL SCIENCE.

That’s enough. We can take credit for it. Not because each man was perfect. Or because each man was an authority. But because despite being victims of their times and cultures, they each managed to find a piece of the puzzle that solved the riddle of social science. Cooperation by non imposition of costs that cause retaliation. Or stated positively: Reciprocal insurance of Property in Toto; continually policed by the market for dispute resolution: Natural, common, judge-discovered, law.

Curt Doolittle

The Propertarian Institute

Kiev, Ukraine.

PS: I would like to stop beating on Rothbard and Mises but as long as this nonsense continues I have to do the right thing.