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Old 02-20-2012, 05:37 PM
 
6,932 posts, read 8,061,494 times
Reputation: 3024

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I don't know why libertarians follow these two imbeciles. They don't know about macroeconomics. They are trying to discredit guys who stuied economics and trade in academia when they don't even hold Bachelor degrees in economics.


Austrian Economics=cult
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Old 02-20-2012, 05:41 PM
 
Location: Georgia
840 posts, read 674,755 times
Reputation: 371
Lols. You try to discredit Paul when quite a few things he predicted have happened including 9/11,housing bubble,and financial collapse. Stop ranting like a child and make a coherent thread with some facts OK?
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Old 02-20-2012, 05:46 PM
 
6,932 posts, read 8,061,494 times
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Quote:
Originally Posted by RPON View Post
Lols. You try to discredit Paul when quite a few things he predicted have happened including 9/11,housing bubble,and financial collapse. Stop ranting like a child and make a coherent thread with some facts OK?
And they both predicted hyperinflation. It never happened.

They don't understand economics.
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Old 02-20-2012, 05:46 PM
 
Location: Great State of Texas
86,093 posts, read 72,290,637 times
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LOL..the guys that studied economics "never saw it coming" yet Paul, Schiff and I'll add Roubini did and warned us.

And the very same people that "never saw it coming" are going to fix it ? 5 years later I'm still waiting.
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Old 02-20-2012, 05:47 PM
 
Location: Great State of Texas
86,093 posts, read 72,290,637 times
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Originally Posted by knowledgeiskey View Post
And they both predicted hyperinflation. It never happened.

They don't understand economics.
What stopped the hyperinflation was that the flood of money into the system never really made it through the system to consumers. The banks kept it.
As long as it didn't get out into circulation that staved off hyperinflation.

But that money was used for trading and you can see what it did to commodities..cotton went up 300% last year.

No one can be right 100% of the time. Maybe you should read up some more on economics and what can go wrong as well as right.
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Old 02-20-2012, 05:51 PM
 
6,932 posts, read 8,061,494 times
Reputation: 3024
Quote:
Originally Posted by HappyTexan View Post
LOL..the guys that studied economics "never saw it coming" yet Paul, Schiff and I'll add Roubini did and warned us.

And the very same people that "never saw it coming" are going to fix it ? 5 years later I'm still waiting.
Paul Krugman from 2006



Krugman on the US housing bubble - YouTube
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Old 02-20-2012, 05:52 PM
 
Location: Houston
22,388 posts, read 11,525,123 times
Reputation: 9006
More of a Thomas Sowell and Walter Williams guy myself.
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Old 02-20-2012, 05:52 PM
 
6,932 posts, read 8,061,494 times
Reputation: 3024
Quote:
Originally Posted by HappyTexan View Post
What stopped the hyperinflation was that the flood of money into the system never really made it through the system to consumers. The banks kept it.
As long as it didn't get out into circulation that staved off hyperinflation.

But that money was used for trading and you can see what it did to commodities..cotton went up 300% last year.

No one can be right 100% of the time. Maybe you should read up some more on economics and what can go wrong as well as right.
Printing money does not cause inflation.
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Old 02-20-2012, 05:55 PM
 
3,046 posts, read 2,732,769 times
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Quote:
Originally Posted by RPON View Post
Lols. You try to discredit Paul when quite a few things he predicted have happened including 9/11,housing bubble,and financial collapse. Stop ranting like a child and make a coherent thread with some facts OK?
Lots of people have predicted a housing bubble and terrorist attacks. Let me help you out, eventually, we'll forget the lessons of the Great Depression and Great Recession and corporate interests will pay to have bank regulations reduced. We'll have an economic bubble, property values will plummet and the economy will be put at risk. You learn that in economics in high school.

Terrorists will always try to attack the United States.

I guess I'm just as smart as Ron Paul now when it comes to economics.
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Old 02-20-2012, 06:00 PM
 
1,310 posts, read 940,427 times
Reputation: 829
Yeah, lets just trust the mainstream economist's who preach to the sheeple that Free Trade is beneficial and $13 trillion in debt is acceptable.
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