maybe a better way to say it is, an Austrian would say that "idle resources" aren't a bad thing.
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they would say the term "idle" is tendencious, and that in reality, "idle resources" are actually being deployed
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in exactly the way the resource owner wants them to.
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Replying to @samselikoff @michaellnorth
honestly, this article is reminding me why I can't stand Austrian writing. "My opponents are simpletons 1/
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who misunderstand basic facts, that's why they disagree with me". It's driving me batty. 2/2
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Replying to @wycats @michaellnorth
yah.. I don't think the other side is innocent of this but I don't like it. try to ignore the ad hominems.
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Replying to @samselikoff @michaellnorth
this isn't what happens. Businesses shut down when they face a period of low demand (and lose money) 1/pic.twitter.com/2wQiyauwrA
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if the gov't builds a bridge and workers continue to buy baked goods, the store will stay open 2/
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then the baker will spend money in his neighborhood, rinse, repeat. 3/3
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Replying to @wycats @michaellnorth
this is bastiat's broken window fallacy. Of course baker spends his money, point is stimulus has oppty cost
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I am replying to the highlighted text, which makes a specific claim.
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