>>24794913
All that decreasing profit rates data is babble. Profit rates are constant in the long term and Marx equation is false. See
>>24794911
Your pic about debt as percentage of the GDP has to do with keynesian policies.
>But keynes is necessary to sustain capitalism
No, keynes is a patch to solve in the short term the problems produced by central banking, as explained in
>>24794872. But you won't answer to it because you are unable to grasp theories from others schools of thought since marxist "economics" is the only thing you know.
>The Austrian school of economics doesn't even back up their claims with proof. They explicitly reject any evidence of empirical claims because they rely on only apriori claims, not evidence.
The Austrian school does not reject empirical evidence, they reject coming up with theories from empirical evidence. Their method is generally a priori but after the a priori intuitions are brought, they can be tested with data but while being very careful. The Austrian school rejects results in economics that pick a graph and say "SEEE?!! In 1945 Ireland potatoes got more expensive with an increase in supply, so the supply-demand law is false" because you can't isolate variables in economy, supply may had increased at a lower rate than demand, and you can't easily measure demand. I don't like Austrian school's praxeology that much but crass empiricism is even worse.
>or understand why a government would have low interest rates on public debt when its sustained on borrowing alone.
Don't make me laugh, you think that a government is able to maintain whatever interest rates they want? If demand of public debt bond increases, ANY sensible government decreases interest rates for those public debt bonds, because otherwise the default risk increases.
>Even laughably, we see in Argentia, with Millei, the Austrians have been proven wrong, despite austerity, Argentina's economy has not recovered and Millei is on track to lose political. Again, you have completely ignorant on the topics you discuss, and observable reality refutes any arguments you make for now and forever.
You are asking Milei to solve in two years the harm made by decades of irresponsible social democracy. Somehow, nobody cared about poverty rates when peronism was in office.
Yet, Milei has managed to control inflation and decrease poverty and severe poverty rates. GDP also increased a lot during the first year, these last two months it got worse because they were running out of dollars to stabilise the value of the peso (which peronism left in the verge of hyperinflation) and to tackle it they increased interest rates so that people demanded less dollars, which has led to economic contraction. Nonetheless, Milei's government has been largely net positive.
