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they claim to hate central banks because CBs don't result in free trading between free individuals
Yet they hate derivatives too (at least rail against them, and hate Greenspan for saying "derivatives are good").
I don't quite get it - derivatives are government-free, CB-free and the result of unforced exchange between free parties - the quintessential Libertarian instrument. Good as Gold, as it were.
I thought these were the bedrock Mises tenets - has this changed?
are the Rothbardians/Misesians trying to have it both ways? Retaining the right to criticize if the economy goes either way? Retaining the option to claim after the fact "we told you that would be the reason" ?
Yet they hate derivatives too (at least rail against them, and hate Greenspan for saying "derivatives are good").
I don't quite get it - derivatives are government-free, CB-free and the result of unforced exchange between free parties - the quintessential Libertarian instrument. Good as Gold, as it were.
I thought these were the bedrock Mises tenets - has this changed?
are the Rothbardians/Misesians trying to have it both ways? Retaining the right to criticize if the economy goes either way? Retaining the option to claim after the fact "we told you that would be the reason" ?