In the may issue of the journal's Idei in Dialog ', libertarienii Romans defend capitalism in the face of the assaults of the Socialist and interventioniste occurred with the prolonged economic crisis and the policies. These artificially eludeaza bankruptcy, an essential element in effective economic order as the price necessary for economic decisions wrong and increase State control over the economy through hyper-regulation of the markets.
Articles are the result of some reflections and professional debates of ideas in a geographically extensive network and opinionated beyond core group discussion at the CADI, a network between researchers with a common conceptual baggage but enough catalysts that can offer new perspectives and change of accents. Discussion with Professor Dara Paul Eugene, a philosophical workshop moderated by Professor Adrian-Paul Iliescu at the Faculty of Philosophy dedicated to clarificarilor previous empirical conceptual hypotheses on the causes and solutions of the crisis, are notable of these roots. Interest in ideas, intellectual centres and mobility multiple affiliations are signs that we can revive the liberal tradition of the discussions.
The authors presents family resemblances can be called a libertarian without all the trait commune. Most follow the tradition of the Austrian school and the seminal article of Ludwig von Mises: the main cause of recessions in generating excessive currency State institution. The process encourages investment over roughly the level of acceptable risk creating apparent profitability, and alter the relative prices, thus creating waves of bad investments. If money represents faith justification in goods and services, then the propagation of new channels selective currency administered under conditions of monopoly is as unscrupulous and deeply modify the structure of existence faith justification (Andrei Merrill).
This collection is a collective Manifesto against the socialization of losses (Bogdan Bogdan Enache, Trichy) of subventionarii by the State and preferential lending to property sector (Maccoll), cumbersome red tape by reallocating capital and fractional reserve system (Van Tait). Wrong economic policies come on land to a unfavorable psychological availability of capitalism (Sadhu Cucerai). If the free market pricing mechanism, put in a huge amount of information dispersed in the totality of economic entities, in difficult times people would reject a complex phenomenon that do not understand. They will give some back to tribalism tendencies and processes of manufacturing rudimentary easily contained with the mind.
The position of the Group of authors is that economic recessions are caused or at least severely hollow of government policies. And not by accident.
Primarily because the market's vulnerability that collective action does claim to solve them are found in the political mechanism (Ike Domas); an example of the reflexive game estimation of investment and financial markets (Mihail Radu Solcan).
Secondly, because Governors in representative democracies to act in a crisis of favorable incentives structure (Peter Boettke). Public choice theory shows how politicians seek ways to concentrate benefits in the hands of those who can fund political support and to disperse costs among the population.
On the one hand we assist to an alignment of interests between the Governors and the big business of insurance against public companies: a concentration of benefits.
On the other hand, we are witnessing the spending deficit, the continual devalorizari of currency and huge public debts (Edappully): a way of spreading the costs.
On this background, recommendation kenesista to inject liquidity to "economy" offer their services to the political class and favored companies, competing in damage free and fair allocation of capital. The fact that an alliance with influential actors is advantageous also for "experts," explains the perception that I commune but living in a capitalist system, liable to censure for the events, and not in one deeply interventionist (Maccoll). Same thing explain why schools of thought favourable to discourse status quo is so influential (Bogdan Glavan, Peter Boettke, Nabid).
It is advantageous for the Governors as the means of spreading the cost to be non-transparent. And for this reason, but also ignorance, political interventions in the economy entered doses of uncertainty (Nabid) and confusing things (Mihail Radu Solcan). Especially in an environment where doomsday speeches in election campaign and help broaden the political economic leverage access towards increasingly larger.
Usually the response packets are wrong or come to the Giro d'Italia. Part of the solution found, taking over leadership by international organizations introduce yet a beneficial effect on the coordination of economic agents and Stilling (Horia Tabia).
In the short term it stops and myriad experiences off the reactions of protectioniste deplansa Tom Palmer. But bankruptcies cost absorption by the European Central Bank, IMF and the World Bank are introducing moral hazard costs will see long-term (Bogdan Bogdan Enache, Trichy).
And if the conditions of competition between States, in monetary way inflationarii sitting at least fear that investments will relocate in more stable environments, will now stand only fragile commitment taken towards the monetary cartel partners (Oa Jora).
The General recommendation is the gradual withdrawal of the State from the process of readjustment of the market and the current credit contraction seen as a return to normal after the stage of the monetary excesses.
Of course the current political environment is impervious to radical solutions as well as new constitutional agreements which stipulate its ceilings for inflation and deficit, liberalization of currency (Peter Boettke, Tait), or the restoration of independent standards after the example of gold (Oakley Jora); We know why.
Argumentarile targeting the girl but not both, understanding change. If there are sufficient for a more informed assessment of the processes that lead us life and a recognition of the consequences of political intervention in the market, the goal is reached.
Thanks for the effort the Konrad Adenauer Foundation to support liberal values, all the friends and Associates CADI who contributed in one way or another to the editorial project, and especially of Bogdan Enache of a vaccine for the idea as well as basic Ideas in dialogue.
