Re: Inequality ‘getting out of hand, ' Nobel economist tells NDP gathering, April 13

Inequality ‘getting out of hand, ' Nobel economist tells NDP gathering, April 13

Economics is a science. Not a social science as Joseph Stiglitz and the other academics in their ivory towers will tell you. Austrian economics test falsifiable theories using repeatable methods so it is clearly hard science and game theory proves this.

Knowledge is power and economics rules your life; if you know it you are free, if you are ignorant then you are the slave of those who do know it. Either learn or be a slave, the choice is yours.

If economics is hard science, then what is Stiglitz doing calling it social science? Could it be that he is not an economist? All our knowledge is based on logical reasoning, so if we defeat Stiglitz’s logic, then either he is wrong or he does not support logic and we have no reasonable basis to believe him. I will now defeat his logic.

Is Stiglitz correct because he won a Nobel prize? No, that’s an appeal-to-authority fallacy and therefore not logical. But he’s an Ivy-league economist? No that’s appeal to authority too.

Stiglitz’s statist position contradicts subjective value theory (SVT), one of the most basic concepts in economics. Unless you can intelligently mount an argument defeating SVT, or explain how it’s compatible with Stiglitz’s statist position, using your own powers of reason and communication, any support you offer him is based on the argument from ignorance and is also a logical fallacy.

If you do not obey your own logic then you obey faith-based reasoning. If you have faith in Stiglitz, believe him. If you believe in logic, believe me. Logic is the basis of everything we know, so if you don’t obey logic you go against everything we know.

Austrian economics is logical so if you can’t defeat its logic using your own reason you are illogical. Stiglitz’s views contradict Austrian economics, so if you can’t explain why the Austrians are wrong, or obey Stiglitz’s advice without defeating the Austrian position, you are disobeying logic and are unreasonable. If you find an economist who suggests Austrian is wrong or compatible with statism, then unless you understand his explanation yourself, you are committing the argument from ignorance and the appeal to authourity, more logical fallacies.

Democracy is a logical fallacy of appeal to majority/plurality so if you obey democracy you do not obey logic. Even your science is bunk: on a free market science works by appeal to reason; under capitalism peer review and scientific consensus become appeal to authority because they create policy.

Defeat my logic or you do not respect truth, honour, or freedom. Agorism is truth; statism is lies. Agorism supports logical reasoning; statism depends on faith-based reasoning. Agorism is science; statism promotes corporate junk-science by fiat. Agorism teaches economics and tests it; statism hides economics and says it’s a social science and untestable. Agorism is science; statism is religion.

Mike Sampat, Toronto