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Austrian Economics is descriptive, not prescriptive

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

pickle MU

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M.O.B. Votes:

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

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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