Supply and demand is something vitally important to the operation of any economy, in this video I tackle debunking PoliDice on his ludicrous claims on Austrian economic theory explaining why Keynesianism doesn't work, relative to why supply-side economics is irrational. Whilst supply-side economics may sound reasonable, much like Keynesian economics, it rejects the market being freely driven by consumer demand. As I have explained, without the demand side of economics from consumers, you have no way of knowing prices, therefore, no way of knowing; • what to produce more of and what to stop producing. • where to allocate scarce resources and where not to. • what to invest more in and what not to. • and even how much to produce. It is not as simple as just increasing aggregate supply, you require the information of prices to rationally calculate what it is you need to produce more of, what resources to use and where to allocate those scarce natural resources, without that information given to the market by consumer demand, you have no way of knowing this. This is why Keynesianism doesn't work, it leads to surplus waste problems and the misallocation of valuable scarce resources, therefore, the economic calculation problem doesn't just apply to Marxism, it applies to all mixed economies. Demand is something Keynesian economics defies, Keynesian's don't understand that demand is not something YOU create by producing anything, demand is natural and constant and in order to meet demand, you need to know the needs and wants of the people, if you don't understand this, you cannot possibly operate an economy efficiently. This is why Keynesianism doesn't work, likewise, for why supply-side economics is irrational. I guess the only thing I could agree upon with the supply-side is deregulation and lowering tax rates does benefit the economy, but again, if you do not determine prices through consumer demand, simply producing for the sake of it produces waste if you don't understand consumers demand. Keynesian's, for this reason, are much like Marxists, they believe in playing God with the economy. Even with supply-siders, even if having the good intentions, much like Keynesian's, to increase aggregate supply, you cannot afford to waste scarce natural resources as there is not enough to go around everyone. Value is what consumers demand for, not producing anything and throwing it out there in the market to raise GDP and for all the resources you waste in one area of the economy, those resources could have been used to better use to better improve the material standards of living of people in other areas of the economy. Again, thinking that the government somehow knows better for people's needs and wants over there of the market itself is comp ... https://www.youtube.com/watch?v=GOuLqp-s8V8

The nationalist history shows a very clear picture of how society has been left to feel negative about their heritage and culture and thus hate nationalism. It is also very common that since the World Wars people liken nationalism to national socialism. In this video on why the West hates and is destroying itself, I explain something in my review which Pigeon missed out and that was the economic history. From my perspective, the reason for why the West hates and is destroying itself is due to their hatred and misunderstanding of economic history and of capitalism. The industrial revolution time period is very telling of this as many believe the common myths that is spread negatively about capitalism and it is for this reason that people today believe that capitalism is a great evil to them. Nationalist history has been ridiculed by war that has only left people feeling sympathetic and hateful of themselves. In my opinion, if people understood the true economic history of the Industrial Revolution time period and about capitalism, it would go a long way to fixing the problems we face today. ... https://www.youtube.com/watch?v=3Rk1rmwxG0g