A horrible shithole in an International Discord Model UN server where actually braindead stupid people try to debate either about why Communism is the ideal world order or why Genocide and War Crimes are acceptable.
Doctor: "Hey, how did you get testicular cancer?"
IDMUN Member: "I debate in #politics-and-economics"
IDMUN Member: "I debate in #politics-and-economics"
by vsy October 5, 2020
Get the #politics-and-economics mug.A phenomenon plaguing white, working class Americans that makes them concerned about their finances and also really racist.
by SugarNoodles June 3, 2018
Get the Economic Anxiety mug.A school of economics advocating free markets. It was founded by Austrians who were called Austrians as a pejorative by Germans, who considered themselves more civilized because of their modern, socialist state (via Bismark). Later, the Austrian economists left Austria, some not before the civilized Germans took over Austria (via Hitler). They came to America, and were still called Austrians, Probably because of their funny mustaches and names.
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
"Krugman has a bad case of apoplithorismosphobia."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
by CAPSLOCKE November 20, 2013
Get the Austrian Economics mug.A large company originating from South Africa who started out in the textile and retail industry, but later started specializing in satanism and various other evil activities.
They own roughly 34% of everything in South Africa, including the soul of the current President.
They own Meltz, Edgars, CNA, Red Square, Jet, Riskcon and various other stores where South Africans do their monthly shopping. Their vision is world domination but are currently being raped by the Woolworths group, who is in the same industry (except the textile and retail industry).
They own roughly 34% of everything in South Africa, including the soul of the current President.
They own Meltz, Edgars, CNA, Red Square, Jet, Riskcon and various other stores where South Africans do their monthly shopping. Their vision is world domination but are currently being raped by the Woolworths group, who is in the same industry (except the textile and retail industry).
Child - "Mommy, where do we go when we die?"
Mother - "Well, if you live a good life then you go to Heaven. But if you live a bad life you'll go to Edcon"
Mother - "Well, if you live a good life then you go to Heaven. But if you live a bad life you'll go to Edcon"
by Thetrueth August 6, 2012
Get the Edcon mug.Defines the gap between regular economics and the actualy economics of society. The coutries finacial definitions are defined by the governments assumption on what the "AVERAGE" family does, however bling economics describes the fact that the modern families want more than the average family.
For instance the average family according to the govt shops for nescafe and the mordern person want starbucks.
THEREFORE, pricing things according to the govts rate of inflation as oposed to bling economics rate of inflation leads many of the population taking pay cuts.
For instance the average family according to the govt shops for nescafe and the mordern person want starbucks.
THEREFORE, pricing things according to the govts rate of inflation as oposed to bling economics rate of inflation leads many of the population taking pay cuts.
Govt: The current rate of inflation is 2.5%
bling economics: The rate of inflation for consumerist economy is 10%
bling economics: The rate of inflation for consumerist economy is 10%
by Harsh MC July 11, 2007
Get the Bling Economics mug.Production of goods and services is not planned by individuals,rather production is determined by the interaction of supply and demand forces.
by Prem Suthar July 13, 2006
Get the market economy mug.by John F. Oliver November 12, 2007
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