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What was that Austrian School stimulus plan again, by the way? Can you sketch that one out for us? You know...just to illustrate how useful these Austrians can be...
Do nothing. Accept temporary deflation. Allow the weaker businesses/banks to fail and the stronger ones to take their places. Sound about right?
Dude...Austrians cloak the inherent weakness of their analysis behind terms like praxeology and methodological individualism. Go look them up, but they basically mean that all this math stuff is too hard and too complicated (and too expensive) and we won't know how to interpret it all anyway, so we'll just derive stuff from what we decide must be basic human emotions and behavior patterns. That oughta do it.
Do you have like a more standard form of reference for the "Free Housing Bill"? Maybe a Public Law citation or something? Not being an Austrian of any sort, I'm not able to intuit with any degree clarity which specific piece of legislation you actually mean to refer to.
Like managed capitalism, Keynesian-derived economics are all that has ever worked. What was that Austrian School stimulus plan again, by the way? Can you sketch that one out for us? You know...just to illustrate how useful these Austrians can be...
Keynesian economics wasn't used in the early 1920's and the US came out of the mini depression quick. It was used in the 1930's and it prolonged the Depression. Thanks for helping FDR, not.
Keep denying Keynesian economics didn't cause the housing bubble. Wouldn't surprise me one bit since the Keynesian clowns don't believe in bubbles.
Using "a picture is worth a 1000 words", I can sum up Austrian Economics thusly
LMAO You got nothing except hollow words and idiotic pictures. No proof "Bubble economics" works. Why are posting here? Shouldn't you be trying to manipulate the economy?
LMAO You got nothing except hollow words and idiotic pictures. No proof "Bubble economics" works. Why are posting here? Shouldn't you be trying to manipulate the economy?
What is bubble economics and why should a Monetarist care?
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