Michael J. Hoffman Profile Banner
Michael J. Hoffman Profile
Michael J. Hoffman

@Austro_Punk

3,539
Followers
2,346
Following
227
Media
9,754
Statuses

Novelist and Economist in the Austrian Tradition My novella "FINGERS OF GOD" out later this month

Pennsylvania, USA
Joined April 2019
Don't wanna be here? Send us removal request.
Pinned Tweet
@Austro_Punk
Michael J. Hoffman
3 months
It's fucking happening
@the_posts
𝐏𝐨𝐬𝐭𝐬 𝐅𝐫𝐨𝐦 𝐔𝐧𝐝𝐞𝐫𝐠𝐫𝐨𝐮𝐧𝐝
3 months
"If you care about your fucking country, read Ludwig von Mises and the six lessons of the Austrian economic school, motherfuckers." - @moicanoufc
764
5K
23K
8
16
164
@Austro_Punk
Michael J. Hoffman
1 year
"Anarcho-capitalist Hitler" These Marxists are mentally ill
@volkvulture1
volkvulture
1 year
@Austro_Punk Slaughtering millions, you mean what anarcho-capitalist Hitler and his fascist supporters throughout Europe undertook against USSR?
6
0
55
7
5
145
@Austro_Punk
Michael J. Hoffman
2 years
Here is my new book, THE NEW AUSTRIAN SOCIETY: An Evolution of Money, Banking, and Economic Exchange. It’s already an Amazon #1 New Release in **four** categories, and in the **top ten Best Sellers** in the Inflation category. Come get a copy now!
Tweet media one
8
14
125
@Austro_Punk
Michael J. Hoffman
9 months
There's no way you're this retarded no way
@paulkrugman
Paul Krugman
9 months
The war on inflation is over. We won, at very little cost
Tweet media one
15K
4K
15K
13
6
119
@Austro_Punk
Michael J. Hoffman
2 years
The hardcover to my new book THE NEW AUSTRIAN SOCIETY is now available on Amazon. The paperback is getting great reviews so far as well. The link is in my bio.
Tweet media one
5
19
115
@Austro_Punk
Michael J. Hoffman
10 months
Never stop praxing
Tweet media one
5
12
87
@Austro_Punk
Michael J. Hoffman
8 months
It’s been exactly 4 years since my first book on Austrian economics was published, and now my third book NOTES FROM AN AUSTRO-PUNK is here. It’s #7 in the Libertarian category on Amazon, and a #1 New Release in 3 other categories. Check my bio in the link if you’re interested!
Tweet media one
9
13
88
@Austro_Punk
Michael J. Hoffman
5 years
My new book on #austrianeconomics , MONETARY KALEIDICS: Reflections on Money Illusion and the War on Cash, has just been published and is getting great reviews! It's the #1 new release in Economic Theory on #Amazon
Tweet media one
7
18
81
@Austro_Punk
Michael J. Hoffman
8 months
Tweet media one
@225MPH_EF4
Johnson_Wx
8 months
Drive into a tornado guys Don’t knock it til you try it (I am not liable)
7
0
55
3
9
86
@Austro_Punk
Michael J. Hoffman
6 months
The fact that the word "side" is used should be depressing for libertarians
@TheYcOrg
Young Capitalists
6 months
Tweet media one
64
9
90
17
1
82
@Austro_Punk
Michael J. Hoffman
6 months
Tweet media one
3
10
68
@Austro_Punk
Michael J. Hoffman
8 months
I'm gonna go with Steven Horwitz
Tweet media one
@_InfiniteZeal
Joel Ellenwood
8 months
Who do you regard as the most underrated economist? Walt Williams is mine
Tweet media one
61
17
267
7
9
65
@Austro_Punk
Michael J. Hoffman
9 months
This is the way
@SallyMayweather
Sal the Agorist
9 months
On student loan forgiveness, I'm a moderate. I believe the loans should be paid out of the bank accounts & pensions of the Congressman & Senators who guaranteed the loans in exchange for votes.
94
452
4K
1
7
60
@Austro_Punk
Michael J. Hoffman
8 months
My new book, NOTES FROM AN AUSTRO-PUNK, is in the **top ten** in the Libertarian category on Amazon! And top 80 for Monetary Policy! The link to it is in my bio. 📙
Tweet media one
6
8
60
@Austro_Punk
Michael J. Hoffman
2 months
@btpanko @revhowardarson If you think it can't *ever* be good, you don't understand monetary economics.
2
0
55
@Austro_Punk
Michael J. Hoffman
8 months
Internet nobody #6478799632 that doesn't know the difference between empiricism and empirical evidence, and that Mises and Rothbard themselves used the latter in their work.
@SocDoneLeft
SDL
8 months
For those who aren't aware, most Austrian economists OPENLY reject empirical evidence as necessary for economic reasoning (!!) LEFT: Mises 1963 asserts that praxeology is not empirical or verifiable RIGHT: Murphy, Barnett, Block 2010 claim that praxeology is akin to geometry
Tweet media one
Tweet media two
54
40
695
2
2
48
@Austro_Punk
Michael J. Hoffman
1 year
The 3 branches of government
2
8
51
@Austro_Punk
Michael J. Hoffman
2 years
3
11
49
@Austro_Punk
Michael J. Hoffman
9 months
Bros posting their Ws
Tweet media one
Tweet media two
Tweet media three
3
2
46
@Austro_Punk
Michael J. Hoffman
5 months
Post a book that isn’t discussed nearly enough.
Tweet media one
@corymassimino
Cory Massimino
5 months
Post a book that isn’t discussed nearly enough.
Tweet media one
4
4
39
4
5
43
@Austro_Punk
Michael J. Hoffman
8 months
0
0
41
@Austro_Punk
Michael J. Hoffman
7 months
Rothbard doesn't agree with you that Hayek isn't worth reading. "Despite his differences and disagreements with them, Rothbard was steeped in the works of both Mises and HAYEK and USED THEIR WRITINGS as the foundation for his own theoretical system." -Joe Salerno
@MRDeVinney1
MRDeVinney
7 months
@Austro_Punk Anyone who's read Hayek knows that.
Tweet media one
0
0
1
6
3
43
@Austro_Punk
Michael J. Hoffman
3 years
I am officially done with the writing stage for my next book on Austrian economics, monetary theory, and banking. Now comes the editing...
2
2
39
@Austro_Punk
Michael J. Hoffman
3 months
Watching Austrians on X argue Mises vs Hayek on price theory with a plate of bacon in front of me while dirty bulking. Life is good.
4
0
40
@Austro_Punk
Michael J. Hoffman
1 year
He belongs up there with the greats. Extremely concise communicator and thoughtful speaker and writer. And his book Microfoundations and Macroeconomics is the best book on Austrian Economics in the last quarter century.
@PeterBoettke
Peter Boettke
1 year
Steve passed away 2 years ago. He was my scientific partner and my deer friend. I loved him and miss him. Peter Boettke & Steven Horwitz on Austrian Economics in Recent Times, Pt. 1 | Mercatus Center
3
22
134
1
4
40
@Austro_Punk
Michael J. Hoffman
8 months
@mrbiofan12 @JonathanTCasey @jhaubein B/c it doesn't fit his narrative.
0
0
39
@Austro_Punk
Michael J. Hoffman
2 years
R.I.P. To Gary North, Austrian economist from @mises
Tweet media one
1
5
37
@Austro_Punk
Michael J. Hoffman
10 months
Paul Krugman, Steve Keen, Robert Reich, and Christine Lagarde
@_InfiniteZeal
Joel Ellenwood
10 months
Who should be on the Mount Rushmore of economics?
Tweet media one
63
29
203
10
0
37
@Austro_Punk
Michael J. Hoffman
1 year
I'm confident you are a superior writter than Hayek
@accelereta42
Acelerador
1 year
Hayek is highly overrated as thinker and writter
10
1
10
5
0
35
@Austro_Punk
Michael J. Hoffman
6 months
Too often we praise Mises and Hayek while forgetting the brilliance of Menger and Bohm Bawerk who came before.
@AaronSepulvedaC
Ááron Sepúlveda-Cué
6 months
Please read #B öhmBawerk Wages are discounted for time, financial risk, & liquidity/saleability Workers could get paid more at the end of the production & sale process if they invested their earnings in the company they work for, but that's not what workers need. Workers need
Tweet media one
13
44
157
2
4
35
@Austro_Punk
Michael J. Hoffman
1 year
@volkvulture1 You're retarded
3
0
32
@Austro_Punk
Michael J. Hoffman
2 years
Commies are too starved and weak to bully anyone except themselves.
1
3
30
@Austro_Punk
Michael J. Hoffman
7 months
That explains the retardation
2
2
34
@Austro_Punk
Michael J. Hoffman
9 months
Be sure to balance this with @GeorgeSelgin 's The Theory of Free Banking
@Net_Inquisitor
C. Auguste Dupin
9 months
@Tim_The_Sandman I began sharing links to mises audio books to people are unfamiliar that might read/listen
Tweet media one
2
3
13
3
3
34
@Austro_Punk
Michael J. Hoffman
8 months
1
0
31
@Austro_Punk
Michael J. Hoffman
10 months
Hey America? Your government hates you
@60Minutes
60 Minutes
10 months
60 Minutes discovered the U.S. is financing more than weapons in Ukraine. The government is buying seeds/fertilizer for farmers, paying the salaries of 57,000 first responders and subsidizing small businesses.
9K
14K
33K
2
6
33
@Austro_Punk
Michael J. Hoffman
8 months
My new book NOTES FROM AN AUSTRO-PUNK: A Collection of Macroeconomic Musings is officially available on Amazon! And within 48 hours it's already the #1 New Release in the Libertarianism category! Please pick up a copy if you enjoy Austrian economics:
Tweet media one
4
10
33
@Austro_Punk
Michael J. Hoffman
2 years
Holy shit 🥹🤣🤣🤣🤣
@sahilkapur
Sahil Kapur
2 years
Former President George W. Bush: “The decision of one man to launch a wholly unjustified and brutal invasion of Iraq. I mean of Ukraine.”
14K
83K
305K
4
1
27
@Austro_Punk
Michael J. Hoffman
8 months
Tweet media one
5
4
33
@Austro_Punk
Michael J. Hoffman
7 months
Yes. And further more, read him _closely_ and with a critical eye. Same goes for Mises and Hayek.
@AncapAir
𝘼𝙣𝙘𝙖𝙥 𝘼𝙞𝙧 🛫
7 months
I cannot stress this enough... And I would love to see #ReadRothbard trending on X.
Tweet media one
12
68
278
4
5
32
@Austro_Punk
Michael J. Hoffman
1 year
Marxists are simply young men who have no originality or identity, and must thus attach themselves to something outside themselves to give themselves purpose. Unfortunately that purpose is slaughtering millions.
@volkvulture1
volkvulture
1 year
@GamerReserva @Austro_Punk SO BOHM-BAWERK EVENTUALLY REALIZED MARX HADN'T PRESENTED ANY COMPELLING EMPIRICAL OR PSYCHOLOGICAL EVIDENCE FOR DERIVING VALUE FROM LABOR AND THATS WHEN HE UPTAKES HE SMITHIAN SUBJECTIVIST POSITION WHICH MARX INITIALLY DISCOUNTED OWING TO HIS OWN OBJECTIVIST BIAS BASING LABOR AS
Tweet media one
1
0
10
4
3
30
@Austro_Punk
Michael J. Hoffman
8 months
My new book NOTES FROM AN AUSTRO-PUNK is currently #7 in the Libertarian category on Amazon! Let's make it #1 !
Tweet media one
2
4
31
@Austro_Punk
Michael J. Hoffman
1 year
In my book The New Austrian Society, I point out how Rothbard never actually defines fraud with any kind of precision in *any* of his works. More like uses glittering generalities. He actually contradicts himself on the topic (as does Hoppe).
@MurraySuggests
Murray Rothbard
1 year
"It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts." The Mystery of Banking
3
43
131
1
2
30
@Austro_Punk
Michael J. Hoffman
8 months
Found the retard
@iflingpoohere
ThreeArrows↙️↙️↙️
8 months
@fallacyalarm @StephanieKelton Austrian economics is fraudulent.
4
0
3
2
2
27
@Austro_Punk
Michael J. Hoffman
11 months
When someone in economics refers to "intrinsic" value unironically, you can safely ignore them.
@subyroy
Dr Subroto Roy
11 months
@GeorgeSelgin @lawrencehwhite1 @ADectis @DavidBeckworth Perhaps you don't know what I am talking about. Larry should. It's been a standard premise in monetary economics for more than a century. Obviously gold or silver has intrinsic worth.
3
0
2
2
2
27
@Austro_Punk
Michael J. Hoffman
1 year
Found the retard
@keshavbedi
Keshav Bedi
1 year
The great intellectual giant Hayek argued for denationalisation of money, believed that the Great Depression would go away if the market was left to function on its own, that Socialism is all wrong and that macroeconomics was intrinsically an intellectual error! 🤣🤣🤣
17
1
7
2
0
28
@Austro_Punk
Michael J. Hoffman
2 years
These two books helped inspire me to write The New Austrian Society. Thank you to @AaronSepulvedaC for recommending Scherman’s 1939 classic treatise to me a while back.
Tweet media one
1
6
28
@Austro_Punk
Michael J. Hoffman
8 months
They want you poor They want you tracked They want you in shackles, or dead
@RebelEconProf
Josh Hendrickson
8 months
A CBDC is a solution in search of a problem.
9
11
64
2
2
25
@Austro_Punk
Michael J. Hoffman
3 years
Tell me you haven't read economics outside your own ideological POV without telling me you haven't read economics outside of your own ideological POV.
@jededunklenacht
G44✝️
3 years
@Mario_Keyrouz @AaronSepulvedaC @Austro_Punk FRB is the root of evil. 100% reserve banking is critical & fundamental in Austrian Economics. If you don’t defend it, you can’t call yourself an Austrian.
Tweet media one
1
0
0
2
2
26
@Austro_Punk
Michael J. Hoffman
2 years
Dope Hayek @mises
Tweet media one
0
5
28
@Austro_Punk
Michael J. Hoffman
7 months
Found the retard
@Lilith_Atheist
Lilith
7 months
I believe homeschooling your kids instead of having them in a traditional school is a form of child abuse.
356
41
389
0
0
28
@Austro_Punk
Michael J. Hoffman
5 years
I just read @JamesGRickards book, Aftermath, and I must say... what a conclusion to his international monetary quartet! Chapter 3 in particular is incredible. I consider Rickards to be a controversial figure, but always gives quality for his readers.
2
6
26
@Austro_Punk
Michael J. Hoffman
1 year
Microfoundations and Macroeconomics: An Austrian Perspective by Steve Horwitz Also, I'll throw mine in there:
@scotthortonshow
Scott Horton
1 year
The Theory of Money and Credit by Ludwig von Mises The Case Against the Fed by Murray Rothbard What Has Government Done to Our Money by Murray Rothbard Meltdown by Thomas E. Woods The Great Money Bubble by David Stockman yall?
25
35
223
0
2
27
@Austro_Punk
Michael J. Hoffman
2 years
A signed book by economic historian Gary North I possess, who passed away last Thursday. If you haven’t already checked out his website, it has a lot of interesting articles. R.I.P. #austrianeconomics
Tweet media one
Tweet media two
0
0
24
@Austro_Punk
Michael J. Hoffman
1 year
If you criticize Mises or Rothbard the cult scathes you to please the Inner Party
Tweet media one
@BobMurphyEcon
Robert P. Murphy
1 year
if you criticize hayek the supreme leader denounces you in front of the whole Party
Tweet media one
6
9
122
5
2
26
@Austro_Punk
Michael J. Hoffman
6 months
I have my criticisms of the Mises Institute, but most of this is nonsense.
@GoldWedge
Gold Wedge Group 🧀🌻☀️
6 months
@Austro_Punk The Mises Institute supports right-wing reactionary horseshit like closed borders, segregation, neoconfederacy, Marxist weirdos like Hans Hermann Hoppe & admitted groomers like Tom Woods. CATO made the error of allowing Tucker Carlson to be a visiting fellow. Different sides.
2
0
3
8
0
25
@Austro_Punk
Michael J. Hoffman
2 years
@MAJTOURE Rand Paul with Ron Paul as VP.
0
0
24
@Austro_Punk
Michael J. Hoffman
2 years
Tell me you haven’t read any economics outside Rothbard, without telling me you haven’t read any economics outside Rothbard.
@jededunklenacht
G44✝️
2 years
@AaronSepulvedaC @Austro_Punk #FreeBankster logic: if people demand more purchasing power, the banks must counterfeit money to further devalue its purchasing power. 🤡
0
0
2
1
3
26
@Austro_Punk
Michael J. Hoffman
1 year
"Yes, Nazism is voluntarism... it emphasizes will." There is nothing deeper than a communist's ignorance. Other than their hunger.
@volkvulture1
volkvulture
1 year
@TheLostOddity @Metasophia_G @Austro_Punk Yes, Nazism is voluntarism... it emphasizes will. That's what industrialists in Germany had been gearing up to do for decades before 1933 The fascist movements were always borne from strikebreaker organizations like the squadristi in Italy and the Technische Nothilfe in Germany
Tweet media one
1
0
9
7
0
23
@Austro_Punk
Michael J. Hoffman
2 years
Ludwig von Hayek
@AustrianEn
Austrian Institute
2 years
12
5
20
3
2
24
@Austro_Punk
Michael J. Hoffman
3 years
The debate with @jededunklenacht and @Mario_Keyrouz over fractional reserves has reminded me of a short non-technical article I wrote that’s related. Guess who it applies to @AnJungYin
0
9
25
@Austro_Punk
Michael J. Hoffman
8 months
Can #bitcoin do this?
Tweet media one
4
2
25
@Austro_Punk
Michael J. Hoffman
2 years
Despite the high inflation that's hurting our purchasing power, I've lowered the price of my book on amazon. Don't you love deflation? I do (mostly).
Tweet media one
0
6
25
@Austro_Punk
Michael J. Hoffman
2 years
Love the memes. Here's real one of me.
Tweet media one
@jumamoran
Juan Morán
2 years
Tweet media one
0
0
5
2
1
24
@Austro_Punk
Michael J. Hoffman
2 years
"Because of hatred" Yes, I hate the idea of male genitals near me.
@jakeshieldsajj
Jake Shields
2 years
98% of straight men won’t date a trans women and 2% are actually gay
Tweet media one
1K
454
6K
1
2
23
@Austro_Punk
Michael J. Hoffman
7 months
These people really do think they're the main characters in a movie. Yet they have no charisma, no charm, and think being outspoken and unhinged is a substitute for being interesting. And they think a 2 minute google search = real research.
@BowTiedMara
BowTiedMara
7 months
This kindergarten teacher in Canada goes nuts about Milei. As long as these peeps keep this going, he will only become more popular. Also: imagine sending your kid to attend her class
965
230
2K
3
0
25
@Austro_Punk
Michael J. Hoffman
2 years
"What Has Government Done to Our Money?" by Rothbard Someone who is new might not be as responsive as any of us more experienced libertarians, but when the average person realizes how their wealth is being siphoned away from them, they're more likely to rebel.
@Russtophocles1
Rachel 🌸
2 years
What’s the one book you’d give to someone you’re trying to bring into the liberty movement?
105
5
49
4
3
23
@Austro_Punk
Michael J. Hoffman
2 years
Wow, that’s dark 😒😏
1
2
23
@Austro_Punk
Michael J. Hoffman
8 months
0
0
22
@Austro_Punk
Michael J. Hoffman
8 months
My top 5 favorite economists: 1. Austro 2. Austro 3. Austro 4. Austro 5. Austro Because I spit hot fire
@unes33501870
YK
8 months
My top 5 favourite economists : 1. Friedrich Hayek 🇦🇹 2. James Buchanan 🇺🇲 3. Armen Alchian 🇺🇲🇦🇲 4. Frank Knight 🇺🇲 5. Elinor Ostrom 🇺🇲
5
1
39
1
1
22
@Austro_Punk
Michael J. Hoffman
7 months
Imagine thinking: 1. A book shouldn't be read if it it's style is difficult to read even if it contains interesting insights and 2. F.A. Hayek isn't worth reading
@MRDeVinney1
MRDeVinney
7 months
@Austro_Punk That's a very good reason. Life is too short to read bad books. Even if you read it very carefully and slowly, it's still intellectual poison.
1
0
1
5
2
23
@Austro_Punk
Michael J. Hoffman
1 year
Hoppe and proud to say it
2
0
22
@Austro_Punk
Michael J. Hoffman
2 years
👌🏻
Tweet media one
0
6
22
@Austro_Punk
Michael J. Hoffman
2 years
You're retarded. By this logic anyone who advocates for **any** government is a socialist. This makes Mises a socialist.
6
2
20
@Austro_Punk
Michael J. Hoffman
2 years
To add, a quote by Hayek found by @FriedrichHayek ““I agree with Milton Friedman that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy.  I am not only against inflation but I am also against deflation.”
@AaronSepulvedaC
Ááron Sepúlveda-Cué
2 years
Not really, #Hayek proposed a stable money flow ( #NGDP , #TotalIncomeStream , or #MoneyStream ).
Tweet media one
2
3
14
1
2
22
@Austro_Punk
Michael J. Hoffman
7 months
The hardcover is in! If you haven’t already, check out the link in my bio for my new book NOTES FROM AN AUSTRO-PUNK. It’s getting great reviews so far!
Tweet media one
0
7
22
@Austro_Punk
Michael J. Hoffman
8 months
Smith was partially wrong on the contract aspect of the convo. Banks make it quite clear in depositor contracts that they are not fiduciaries, and that it is a debtor/creditor relationship. Yet they absolutely ARE on the hook, legally speaking, to redeem deposits on demand.
@MLiamMcCollum
Liam McCollum
8 months
“When you actually look at the effect of [fractional reserve banking], there’s not nearly as much money in the bank as we all think we have, so essentially, if too many people came into the bank and said, ‘We’d like to withdraw our money,’ there’s nowhere near enough money for
8
26
210
3
3
21
@Austro_Punk
Michael J. Hoffman
8 months
Tweet media one
2
3
20
@Austro_Punk
Michael J. Hoffman
7 months
Follow your leader
Tweet media one
@AaronSepulvedaC
Ááron Sepúlveda-Cué
7 months
Tweet media one
2
3
11
0
3
22
@Austro_Punk
Michael J. Hoffman
2 years
Get physical cash, crypto, and precious metals. It's better to be too early than too late.
1
2
21
@Austro_Punk
Michael J. Hoffman
3 years
To add, Mises has stated that allowing the objective exchange value of money to rise with an increase in the demand for money would lead to “convulsions” (TTMC, p. 322) without an increase in fiduciary media. I guess he’s a deflation-fearing Keynesian as well!
@GeorgeSelgin
George Selgin
3 years
@NewmanJ_R @LibertarianWonk @BridgesCapital Rothbardians are almost unique in arguing that monetary expansion is _never_ justified, and in labeling anyone who says otherwise "Keynesian." According to this view, one might refer to Hayek as a Keynesian, and to the price-level stabilizing gold standard as a Keynesian regime!
1
1
16
1
5
21
@Austro_Punk
Michael J. Hoffman
10 months
Whoa. This supposed "Keynesian" is pointing out the historical importance of Austrian business cycle theory here? Man, it's almost as if he's not a Keynesian at all...
@GeorgeSelgin
George Selgin
10 months
This looks like very valuable empirical work—and kudos to @MSchularick and his team for it. But in a paper that bristles with references to “the literature,” why no mention of the Mises-Hayek cycle theory that famously tells much the same story that its evidence supports? 1/
12
30
125
3
2
21
@Austro_Punk
Michael J. Hoffman
3 years
Virgin Krugman vs Chad Austro LOL
1
0
20
@Austro_Punk
Michael J. Hoffman
3 years
@SolariSteph Guy dodged a bullet
2
2
20
@Austro_Punk
Michael J. Hoffman
1 year
MMT is the econ version of critical race theory; it just plays semantics and postures as a "revolutionary" take on money/monetary policy when the things it does get right (as few as they are) has been said well before them
@OnomyAlex
Voluntaryist
1 year
MMT simply adds layers of obfuscation to hide the violent nature of the practice. You can deny that is theft, but you cannot deny the fundamentally violent basis of fiat currency. I can print money too, but I don't have enough guns to make anyone accept it:
Tweet media one
3
0
26
4
6
21
@Austro_Punk
Michael J. Hoffman
8 months
NOTES FROM AN AUSTRO-PUNK already has two 5-Star reviews!
Tweet media one
0
5
21
@Austro_Punk
Michael J. Hoffman
9 months
@elonmusk Elon, read "Man, Economy, and State" to learn further about the free market.
2
0
21
@Austro_Punk
Michael J. Hoffman
2 months
Deflation can be good. These people are unserious people.
@btpanko
Ben Panko
2 months
@revhowardarson Legit never thought I’d see someone try to seriously argue that deflation can be good.
Tweet media one
25
1
131
3
0
20
@Austro_Punk
Michael J. Hoffman
1 year
"Money is the medium of exchange the people choose" Somebody hasn't read their monetary history. The people have chosen fractional reserve banking as their preferred system historically, not 100% reserves(which have always been subsidized by government):
@martypartymusic
MartyParty
1 year
Bank runs are impossible without fractional reserve banking. Fractional reserve banking was a fraud established when we were still on the gold standard. Banks would give more IOU’s out than gold the depositors had deposited. Fractional reserve banking always ends in
3
2
28
3
4
21
@Austro_Punk
Michael J. Hoffman
2 years
The dystopian nightmare has arrived and I couldn't be happier.
3
2
15
@Austro_Punk
Michael J. Hoffman
7 months
Economist here: STOP. PRINTING. MONEY.
@AdamLucioWX
Adam Lucio 🌪️
7 months
$3?! How did the world ever get to this point. Smdh
Tweet media one
5
1
35
3
2
17
@Austro_Punk
Michael J. Hoffman
10 months
To anyone interested, my book delves even more into the meat and potatoes of the disagreements between Austrian economists, and how we can synthesize/correct for them:
0
2
20
@Austro_Punk
Michael J. Hoffman
7 months
Paul’s in for an Econ treat. And I’ve lowered the prices for my books “Monetary Kaleidics” and “The New Austrian Society” on Amazon to the lowest they can go for the holidays! Deflation >> Inflation Check the link for them and my new book “Notes From an Austro-Punk” in my bio!
@paulvillegas199
Paul Villegas
7 months
Dos clásicos en el ámbito de la banca y el dinero: Por un lado, encontramos a un discípulo de Carl Merger, Félix Somary, autor de "Política Bancaria". Por otro lado, el profesor de economía y autor de la ley bancaria en Chile durante el periodo de banca libre,
Tweet media one
5
4
27
0
5
19
@Austro_Punk
Michael J. Hoffman
8 months
4 books that had (and still have) a major influence on my political thought.
Tweet media one
Tweet media two
Tweet media three
Tweet media four
@NathanPGoodman
Nathan P. Goodman
8 months
4 books that had (and still have) a major influence on my political thought
Tweet media one
Tweet media two
Tweet media three
Tweet media four
0
1
57
1
0
18
@Austro_Punk
Michael J. Hoffman
3 years
Check out my book Monetary Kaleidics, now discounted for the holiday season. Isn't deflation great? (sometimes)
@Austro_Punk
Michael J. Hoffman
5 years
My new book on #austrianeconomics , MONETARY KALEIDICS: Reflections on Money Illusion and the War on Cash, has just been published and is getting great reviews! It's the #1 new release in Economic Theory on #Amazon
Tweet media one
7
18
81
0
6
19
@Austro_Punk
Michael J. Hoffman
2 years
@thejwrich Money, Bank Credit, and Economic Cycles by Jesús Huerta de Soto
1
0
20
@Austro_Punk
Michael J. Hoffman
2 years
That isn't very fair to Friedman. He said Mises did more than anyone to "spread the ideas of free markets." He thought very highly of him.
2
2
19
@Austro_Punk
Michael J. Hoffman
1 year
Paul Volcker himself said he knew of no theoretical justification for the 2% target. Preventing monetary disequilibrium (Selgin's producivity norm) would very likely be more stable than this policy.
@RebelEconProf
Josh Hendrickson
1 year
Indeed, why is it 2% when the overwhelming majority of the literature on optimal monetary policy suggests the optimal inflation rate is less than or equal to 0%.
Tweet media one
53
25
335
3
4
18
@Austro_Punk
Michael J. Hoffman
8 months
Unfortunately the key phrase is "done more". Murray is a more consistent defender of free markets, but Milton has brought _more_ people closer to the idea of free markets then Rothbard, who is relatively niche. Like I said, it's unfortunate because I prefer Rothbard personally
@AntagonistHani
Antagonist Hani, Libertarian 2Pac
8 months
Murray Rothbard
8
2
53
4
0
19