Welcome Guest

Austrian Economics is descriptive, not prescriptive

Posted on: January 29, 2018 at 14:56:05 CT

pickle MU

Posts:

267340

Member For:

26.29 yrs

Level:

User

M.O.B. Votes:

it is describing human action and the results of human action. It's not about making predictions or prescribing "solutions"

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

The Fed Will Ignite The Next “Financial Crisis” - JeffB MU

- 1/29 13:56:04

Fed policy on rates has been terrific in recent years... - Gyro MU - 1/29 14:59:57

lol - pickle MU

- 1/29 15:10:50

and everyone called Greenspan 'The Maestro' because of - JeffB MU

- 1/29 15:06:00

That QE by Bernanke you are referring to... - Gyro MU - 1/29 15:31:34

Lol no (nm) - pickle MU

- 1/29 16:08:13

You've swallowed the exact line that rich Wall Street elites - ummmm MU - 1/29 15:36:07

he gets a lot of accolades (nm) - 90Tiger MU - 1/29 15:49:03

It's accurate even if you have an agenda like yours(nm) - Gyro MU - 1/29 15:38:51

What is my agenda exactly here? - ummmm MU - 1/29 15:43:13

he's the champion of the little guy and doesn't understand - 90Tiger MU - 1/29 15:49:54

How’s this authors record on predicting - Ferg STL - 1/29 14:20:21

RE: How’s this authors record on predicting - pickle MU

- 1/29 14:31:32

thanks. Do you have anything relevant to post? - Ferg STL - 1/29 14:33:00

Broaden your horizons, Ferg, and read the material linked - ummmm MU - 1/29 14:55:49

Ringing, I know what a business cycle is. - Ferg STL - 1/29 15:04:20

His links are about the Austrian Business Cycle Theory - ummmm MU - 1/29 15:07:13

i just did. why are you scared of this info? (nm) - pickle MU

- 1/29 14:36:12

I'm not familiar with him, but his logic makes sense & - JeffB MU

- 1/29 14:25:01

Maybe you should read up on some of his - Ferg STL - 1/29 14:28:36

Maybe you should read up on economic bubbles throughout - JeffB MU

- 1/29 14:38:52

Maybe you should stop cherry picking data - Ferg STL - 1/29 14:44:08

Austrian Economics is descriptive, not prescriptive - pickle MU

- 1/29 14:56:05

You are focusing on the timing, I'm looking at the underlyin - JeffB MU

- 1/29 14:50:06

The most significant long term economic issue - Ferg STL - 1/29 14:57:23

Lol(nm) - Panthera MU - 1/29 17:48:40

'fiscal policy and out of control spending' is very much - JeffB MU

- 1/29 15:08:53

You don't think they're related? (nm) - pickle MU

- 1/29 15:06:19

Did he predict a market collapse for a decade plus - Mormad MU - 1/29 14:24:02

that's the beauty of those predictions - DC Jayhawk KU - 1/29 15:42:12

He predicted the recession of 2011 - Ferg STL - 1/29 14:27:09

My point is not the timing of any crash, but the stupid - JeffB MU

- 1/29 14:45:16

Recessions and depressions happened in this country - Ferg STL - 1/29 14:51:54

RE: Recessions and depressions happened in this country - pickle MU

- 1/29 15:00:01

RE: Recessions and depressions happened in this country - Panthera MU - 1/29 17:50:14

Inflation and slowing growth - catbirdseat MU

- 1/29 14:11:31

The Fed has already announced rate hikes, though they - JeffB MU

- 1/29 14:16:57

I believe they will take effect within the next - mizzouSECedes STL - 1/29 14:19:00

Bubble pops usually happen when rates are rising. - JeffB MU

- 1/29 15:16:29

That hike has been long *suppressed* - ummmm MU - 1/29 14:13:12

yup (nm) - 90Tiger MU - 1/29 14:21:14