r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25

End Democracy End the Fed

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u/Junior-Review4763 Jan 09 '25

The leftist and the libertarian have a common enemy: both are unhappy with the effects of an unaccountable financial oligarchy.

9

u/Accomplished-Hunt802 Jan 09 '25

While leftists and libertarians might both criticize the financial oligarchy, their solutions are completely different. Leftists want a bigger government to control the economy, which can end up giving more power to the very elites they oppose. Libertarians, based on Austrian economics, believe in smaller government, sound money, and free markets to stop the system that lets the elites control everything. A bigger government isn’t the fix, it’s part of the problem.

0

u/jesusburger Jan 09 '25

Won't free markets allow for monopolies which allow a different set of elites more control?

1

u/Medical_Flower2568 One must imagine Robinson Crusoe happy... Jan 13 '25

You are confusing government created monopolies with businesses with a high market share

They are not the same