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File: 1449717161824.jpg (2.32 MB, 1977x2404, 1977:2404, Angela_Merkel_Juli_2010_-_….jpg)

 No.13941

So Libertarians wish to abolish the Patent System? Makes sense.

And then there's world banking and the current economic systems in Europe, which I'm a little bewildered about. When it comes to banking and bankers as a whole, where does /liberty/ stand? Obviously you're against a central bank, but what about banking in general? Aren't there alternatives to the banking system we have currently? Is there an alternative that Libertarians would support? When it comes to finance I'm pretty ignorant.

Thoughts on the IMF?

And then there's the current economic crisis in Europe at the moment which I'm not sure how to feel about. Why are they failing economically? Why is the EU such a mess? All of this austerity. Just why is it happening, what does /liberty/ think?

Is the problem located within Social Democracy itself or, something on the surface?

Thoughts on Neo-Liberalism and its effects that we see today? What's wrong with Neo-Liberalism?

So yeah, the banking system, European economic crisis, and Neo-Liberalism.

>inb4 just look it up faggot

>inb4 BASIC ECONOMICS

>inb4 you should probably kill yourself lad #bantz

 No.13942

>>13941

>So Libertarians wish to abolish the Patent System? Makes sense.

Stephen Kinsella has done fantastic work on this.

>And then there's world banking and the current economic systems in Europe, which I'm a little bewildered about.

Here's how it has sort of worked out

>drug addicts (read: subhumans (read: Greece, Ireland, etc.)) given access to reliable person's credit card (guaranteed by Germany)

>spend a shit load of money

>can't continue the ponzi scheme, can't afford the interest payments alone

>shit begins hitting the fan

One default leads to a chain of defaults as the creditor of the debtor has to devalue the asset of the debtor's debt (the debtor's liability, creditor's asset.) Now that this creditor defaults, all of his creditors default, and voila, global economic catastrophe. This isn't necessarily catastrophic- people might function perfectly normal without a sound economic system- but that's next to impossible given our knowledge of human behavior.

>Why is EU such a mess

Spending money they didn't have, to put it simply.

>All of this austerity

KEK

>Be 5 trillion pounds

>plan on gaining 100 billion pounds

>doctor says I am fat

>"Ok doctor I will only gain 99 billion pounds!"

>"B-b-"

>"SILENCE DOCTOR I AM OFF TO MY RETIREMENT AT 24 YEARS OLD"


 No.13944

File: 1449724782764-0.gif (47.07 KB, 520x389, 520:389, 05.07.20.RealSuicideBomb-X….gif)

File: 1449724782764-1.jpg (39.97 KB, 500x501, 500:501, tuition_rates.jpg)

File: 1449724782922-2.jpg (65.79 KB, 720x720, 1:1, wac.jpg)

File: 1449724782936-3.jpg (83.92 KB, 960x540, 16:9, 11954820_447356675435880_1….jpg)

>>13941

>but what about banking in general?

Not everyone has money laying around. Banking helps the young, poor, and minorities start up their own business/expand said businesses.

>Aren't there alternatives to the banking system we have currently?

Yes.

>Is there an alternative that Libertarians would support?

It's called crowd funding and peer-to-peer microloans.

>Thoughts on the IMF?

look at >>12140

Ultimately a global-scale bank would fail unless we were a multi-planetary species.

>Why are they failing economically?

Social programs making people complacent/lazy, and the USA supplementing money they would have spent on military combined with the central issues of central banking (or really any long-distance central being), and identity politics have lead to them beginning to collapse financially.

tl;dr- Socialism and keynesianism is the reason they are collapsing.

>Why is the EU such a mess?

All centralized authorities are a mess. Doubly so for those sponsored with the intent of trying to homogenize hundreds of ethnically and culturally different regions.

>All of this austerity.

Would be a good thing if not for government.

>Just why is it happening, what does /liberty/ think?

See above and read that post I linked.

>Is the problem located within Social Democracy itself or, something on the surface?

It's ignorant of economics and reality- relies on feels.

>Thoughts on Neo-Liberalism and its effects that we see today?

Its concepts are in the right place at heart, but its policies are pants-on-head retarded/ignorant of reality, and are killing those who practice it.

>What's wrong with Neo-Liberalism?

See above.


 No.13950

>>13944

>>Is there an alternative that Libertarians would support?

>It's called crowd funding and peer-to-peer microloans.

There's also free banking; where private banks issue their own competing currencies.


 No.13951

>>13950

>Implying that isn't a variant of fractional reserve banking


 No.15194

>>13951

>implying thats a bad thing, provided that it never gets institutionalized again


 No.15196

YouTube embed. Click thumbnail to play.

The Economics of Fractional Reserve Banking - Joseph T. Salerno @ Mises University 2013


 No.15199

OP can't inb4


 No.15212

File: 1452366311502.pdf (924.96 KB, N. Stephan Kinsella - agai….pdf)

>>13942

>Stephen Kinsella has done fantastic work on this.

Sure has.


 No.15213

>mfw OP wants us to do his homework


 No.15225

>>15194

It inevitably collapses, kike




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