User talk:Karmaisking

Welcome!

Hello, Karmaisking, and welcome to the Mises Wiki! Thanks for signing up – we're glad to have you, and look forward to seeing your contributions.

Please sign your messages on discussion pages using four tildes (~~~~); this will automatically insert your username and the date. If you need help, just let me know. --Forgottenman (talk) 20:02, 16 November 2010 (CST)

Could you please provide the source of what you copied to Libertarianism so that we can document it for copyright purposes? Thanks! --Forgottenman (talk) 20:02, 16 November 2010 (CST)

Hey. It's taken from a very old version (2008) of the Wiki article. The first para is basically me. The rest is a collection of Wiki stuff and me. Hopefully it will evolve quickly to have its own indept presence and the left-wing domination over at Wiki will mean Wiki will evolve the other way. Let's see how it plays out, but I doubt Wiki will have a problem on the copyright issue - certainly not after a few months. Some pictures would be good, but I didn't have the time to import them so will leave that for others to address.

You may not know, but there's been a shocking multi-year fight over at Wiki over Libertarianism, Austrian School, and lots of other artices. Often the best versions are around 2007-2008 before "The Change" - which is a period where the admins took a turn to the left and academics started infecting the running of Wiki and killing off accurate but controversial versions of various topics. If you mined Wiki around 2008 for lots of Austrian topics it's likely (1) you would get excellent material and (2) you wouldn't be at major risk of any copyright issues in the sense that they've been deleted and vary substantially from the current versions. Moreover as these versions evolve, they will become more independent and on each iteration the risk of copyright problems gets less and less with the contribution of more original material from us. So it's a marginal issue.

By the way, we need lots of articles that are not necessarily "Austrian" in nature to fill out the contemporary Austrian perspective. Ponzi scheme is one good example. John Law is another. French Revolution is another. Because Austrian arguments for gold build on history, the history needs filling out. I can't do it, but if you have the time, getting a good article on the dynamics of Ponzi and Pyramid schemes would be 90% of the expalanation of the current monetary system worldwide. Karmaisking 21:52, 16 November 2010 (CST)

I can only agree with the historical focus! We already have John Law and Inflation during the French Revolution, so it's going in the right direction. :) Pestergaines 04:01, 17 November 2010 (CST)

Okay. In general it'd be good to be cautious before copying because WP's license is more restrictive than ours, but it's not a huge difference, and especially not a big deal if you are the author of much of it anyway. When you do copy, though, please put {{Wikipedia text}} at the top of the page (or where the text not written by you starts) so we're aware that that's where it came from.

Regarding history, I totally agree – a major goal of this project is to build articles on background subjects, because Austrian Economics is a worldview, not just a set of economic principles. You're right about Ponzi; I'll research it a bit and see if I can come up with something. --Forgottenman (talk) 07:29, 17 November 2010 (CST)

Malinvestment

Hallo Karmaisking, very nice job on the Malinvestment article! Cheers, Pestergaines 11:09, 27 November 2010 (CST)

Thx.Karmaisking 05:52, 28 November 2010 (CST)

Bugs in the references

Hi Karmaisking, I saw your note regarding references on Austrian School of Economics. I've looked into that problem and haven't been able to figure out what is causing that. I'll work up some more energy to investigate it again soon, but in the mean time it may be better to simply not use the template, or only use the template for part of the citation. --Forgottenman (talk) 09:20, 5 January 2011 (CST)

Thanks. I won't use that format if I can avoid it. Karmaisking 22:32, 6 January 2011 (CST)

Criticism of fractional reserve banking - German policy

Hallo Karmaisking, I came across the following in the 'Criticism' article:

"...it cannot seriously be disputed that the economics of fascism provided a degree of prosperity to the populace, and that the economic policies that were implemented during this period by these fascist governments succeeded in their stated objective of restoring economic and social order during the pre-World War II era."

I strongly toned down the statement, but it still needs revising and the resource is under heavy attack by some authors. (Not surprising given sentences like these!) See a rather intense response from Gary North (he has much more on the many misconceptions in the whole book). I suggest to carefully review the quotes from this author and remove them as necessary. Pestergaines 06:33, 16 February 2011 (CST)

Totally understand. It's such a complex issue, I agree the comment needs toning down, but North's (and other's) arguments are a little circular. Germany did recover prior to invading Poland, as Brown and others have pointed out (whether it's a reliable source or not is another question - I'm using her as the source). It could be argued that Germany recovered because of war preparations and military spending (Keynesian stimulus) and North says government spending inevitably ended up killing millions in war because that's what big government spending does. But he doesn't argue about the drop in unemployment and the growth figures out of Germany after the change to the German monetary system implemented by the new regime after Weimar. He just says the "growth" pushed Germany headlong into war. So I would still respectfully maintain that the setence is technically accurate, but could mislead young players to the game into thinking this means facsim "works". The point is that a fiat system where money was issued directly from Treasury did not blow up the German economy and did "work" for a period. And both Italy and Germany experienced extraordinary political and economy instability under a central bank dominated financial system. So I suppose I was trying to provoke some revisionist thought on the economics (not the politics or morality) of Italian and German fascism, but I'm happy to go with whatever wording you think is appropriate to capture the points Brown was making - regardless of the quality of her arguments, they are arguments that need to be documented as they are pertinent to this topic. And fashions come and go with politics (I've seen many in my time) and it may be that the fascist monetary system in German post-Weimar will be looked on as a model after the next financial crisis. Who knows?