Total Posts:22|Showing Posts:1-22
Jump to topic:

"Dangerous New Phase" says IMF

kohai
Posts: 380
Add as Friend
Challenge to a Debate
Send a Message
9/21/2011 9:48:43 PM
Posted: 5 years ago
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...

And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.

Thoughts?
1) Whatever has contradictory attributes does not exist.
2) The Biblical God has contradictory attributes.
3) Therefore, the Biblical God does not exist
innomen
Posts: 10,052
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 3:55:52 PM
Posted: 5 years ago
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.:

Thoughts?

Can't tell if you're being serious or funny here...comrade.
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 4:27:06 PM
Posted: 5 years ago
At 9/22/2011 3:55:52 PM, innomen wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.:

Thoughts?

Can't tell if you're being serious or funny here...comrade.

The great thing about recessions is that people of all backgrounds can come together and blame each others "ideology" for the crash.

Like, take for instant, me. I'm a capitalist so I'm blaming this on the failures of the increasing amount of government control of the economy :p.
Open borders debate:
http://www.debate.org...
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 4:44:26 PM
Posted: 5 years ago
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...
President of DDO
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 4:50:02 PM
Posted: 5 years ago
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Wikipedia makes a list of those who predicted the crisis. Not all of them are Austrian economists, some are even New Keynesian economist.
Open borders debate:
http://www.debate.org...
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 5:08:11 PM
Posted: 5 years ago
At 9/22/2011 4:50:02 PM, darkkermit wrote:
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Wikipedia makes a list of those who predicted the crisis. Not all of them are Austrian economists, some are even New Keynesian economist.

Where is this list?

Plus, the same thing happened in 1929. Hayek and Mises predicted the Crash, Keynesians and monetarists laughed at him. Keynes lost a lot of money...
President of DDO
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 6:52:42 PM
Posted: 5 years ago
At 9/22/2011 5:08:11 PM, jimtimmy wrote:
At 9/22/2011 4:50:02 PM, darkkermit wrote:
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Wikipedia makes a list of those who predicted the crisis. Not all of them are Austrian economists, some are even New Keynesian economist.

Where is this list?

Plus, the same thing happened in 1929. Hayek and Mises predicted the Crash, Keynesians and monetarists laughed at him. Keynes lost a lot of money...

http://en.wikipedia.org...

Going to call total BS on the Keynesian and monetarists laughing at him because those economic theories weren't developed until during the depression (Keynes theory) and after (monetarism).
Open borders debate:
http://www.debate.org...
socialpinko
Posts: 10,458
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 7:18:45 PM
Posted: 5 years ago
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Someone gets it.
: At 9/29/2014 10:55:59 AM, imabench wrote:
: : At 9/29/2014 9:43:46 AM, kbub wrote:
: :
: : DDO should discredit support of sexual violence at any time and in every way.
:
: I disagree.
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/22/2011 7:27:08 PM
Posted: 5 years ago
At 9/22/2011 6:52:42 PM, darkkermit wrote:
At 9/22/2011 5:08:11 PM, jimtimmy wrote:
At 9/22/2011 4:50:02 PM, darkkermit wrote:
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Wikipedia makes a list of those who predicted the crisis. Not all of them are Austrian economists, some are even New Keynesian economist.

Where is this list?

Plus, the same thing happened in 1929. Hayek and Mises predicted the Crash, Keynesians and monetarists laughed at him. Keynes lost a lot of money...

http://en.wikipedia.org...

Going to call total BS on the Keynesian and monetarists laughing at him because those economic theories weren't developed until during the depression (Keynes theory) and after (monetarism).

From Wikipedia:

"He attacked the post World War I deflation policies with A Tract on Monetary Reform in 1923[23] – a trenchant argument that countries should target stability of domestic prices, avoiding deflation even at the cost of allowing their currency to depreciate. Britain suffered from high unemployment through most of the 1920s, leading Keynes to recommend the depreciation of sterling to boost jobs by making British exports more affordable. From 1924 he was also advocating a fiscal response, where the government could create jobs by spending on public works.[23] During the 1920s Keynes's pro stimulus views had only limited effect on policy makers and mainstream academic opinion – according to Hyman Minsky one reason was that at this time his theoretical justification was "muddled" "

Okay, so the Keynesian School wasnt around yet... But Keynes himself was... and he was advocating the same policies in the 1920s as he did in the General theory...

When I said Keynesians, I meant Keynes... After all, the school is named after him...

And, most of the mainstream economists at that time advocated a form of monetarism... even though they didn't call it that...

I'm not as ignorant as you think I am...
President of DDO
innomen
Posts: 10,052
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 3:22:51 AM
Posted: 5 years ago
There were a lot of people who knew something was going to bust. My family bought our house in 1960 for $18,000 and it's now worth $800,000. People in the 80's and 90's were looking around at the skyrocketing property values and scratching their heads, and pretty much everyone said this just can't continue. Meanwhile people are watching the debt go into areas that only an astronomist can comprehend, and people were scratching their heads saying, this just can't go on. Personal debt was going to limits that were beyond anything that someone who lived in a previous century could imagine, and people said it couldn't go on. You didn't need to be have a PHD in economics to predict there would be a crash, and it really wouldn't have been much of a stretch to think that it would have come from the housing market.
innomen
Posts: 10,052
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 3:24:46 AM
Posted: 5 years ago
ON another note, i will say that much of the "crisis" is caused by human behavior and averous, i don't deny that, but Marxism certainly is far from the answer.
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 9:00:34 AM
Posted: 5 years ago
At 9/22/2011 7:27:08 PM, jimtimmy wrote:
At 9/22/2011 6:52:42 PM, darkkermit wrote:
At 9/22/2011 5:08:11 PM, jimtimmy wrote:
At 9/22/2011 4:50:02 PM, darkkermit wrote:
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Wikipedia makes a list of those who predicted the crisis. Not all of them are Austrian economists, some are even New Keynesian economist.

Where is this list?

Plus, the same thing happened in 1929. Hayek and Mises predicted the Crash, Keynesians and monetarists laughed at him. Keynes lost a lot of money...

http://en.wikipedia.org...

Going to call total BS on the Keynesian and monetarists laughing at him because those economic theories weren't developed until during the depression (Keynes theory) and after (monetarism).

From Wikipedia:

"He attacked the post World War I deflation policies with A Tract on Monetary Reform in 1923[23] – a trenchant argument that countries should target stability of domestic prices, avoiding deflation even at the cost of allowing their currency to depreciate. Britain suffered from high unemployment through most of the 1920s, leading Keynes to recommend the depreciation of sterling to boost jobs by making British exports more affordable. From 1924 he was also advocating a fiscal response, where the government could create jobs by spending on public works.[23] During the 1920s Keynes's pro stimulus views had only limited effect on policy makers and mainstream academic opinion – according to Hyman Minsky one reason was that at this time his theoretical justification was "muddled" "




Okay, so the Keynesian School wasnt around yet... But Keynes himself was... and he was advocating the same policies in the 1920s as he did in the General theory...

When I said Keynesians, I meant Keynes... After all, the school is named after him...

And, most of the mainstream economists at that time advocated a form of monetarism... even though they didn't call it that...

I'm not as ignorant as you think I am...

Alright, but why call them Keynesian and monetarists. Just call them orthodox economists. Also, please show me where Mises actually predicted the crash. According to this:
http://www.axiomaticeconomics.com...

He didn't. Of course the austrian economists are going to say Mises did because he's the founder of Austrian economics, of course the source is bias.

Also, Mises has been wrong. Specifically about the gold standard. When the british went off the gold standard he predicted:
"Mises predicted the British pound would be worthless within a week, which never happened."

Also, it should be noted that many countries that followed Keynes theory and got off of the gold standard were able to get out of the Great Depression a lot quicker.

Furthermore, If you are always predicted downturns, of course you will get it right a few times.
Open borders debate:
http://www.debate.org...
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 2:29:16 PM
Posted: 5 years ago
At 9/23/2011 9:00:34 AM, darkkermit wrote:
At 9/22/2011 7:27:08 PM, jimtimmy wrote:
At 9/22/2011 6:52:42 PM, darkkermit wrote:
At 9/22/2011 5:08:11 PM, jimtimmy wrote:
At 9/22/2011 4:50:02 PM, darkkermit wrote:
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Wikipedia makes a list of those who predicted the crisis. Not all of them are Austrian economists, some are even New Keynesian economist.

Where is this list?

Plus, the same thing happened in 1929. Hayek and Mises predicted the Crash, Keynesians and monetarists laughed at him. Keynes lost a lot of money...

http://en.wikipedia.org...

Going to call total BS on the Keynesian and monetarists laughing at him because those economic theories weren't developed until during the depression (Keynes theory) and after (monetarism).

From Wikipedia:

"He attacked the post World War I deflation policies with A Tract on Monetary Reform in 1923[23] – a trenchant argument that countries should target stability of domestic prices, avoiding deflation even at the cost of allowing their currency to depreciate. Britain suffered from high unemployment through most of the 1920s, leading Keynes to recommend the depreciation of sterling to boost jobs by making British exports more affordable. From 1924 he was also advocating a fiscal response, where the government could create jobs by spending on public works.[23] During the 1920s Keynes's pro stimulus views had only limited effect on policy makers and mainstream academic opinion – according to Hyman Minsky one reason was that at this time his theoretical justification was "muddled" "




Okay, so the Keynesian School wasnt around yet... But Keynes himself was... and he was advocating the same policies in the 1920s as he did in the General theory...

When I said Keynesians, I meant Keynes... After all, the school is named after him...

And, most of the mainstream economists at that time advocated a form of monetarism... even though they didn't call it that...

I'm not as ignorant as you think I am...

Alright, but why call them Keynesian and monetarists. Just call them orthodox economists. Also, please show me where Mises actually predicted the crash. According to this:
http://www.axiomaticeconomics.com...

He didn't. Of course the austrian economists are going to say Mises did because he's the founder of Austrian economics, of course the source is bias.

Also, Mises has been wrong. Specifically about the gold standard. When the british went off the gold standard he predicted:
"Mises predicted the British pound would be worthless within a week, which never happened."

Also, it should be noted that many countries that followed Keynes theory and got off of the gold standard were able to get out of the Great Depression a lot quicker.

Furthermore, If you are always predicted downturns, of course you will get it right a few times.

Lol, You can call them whatever you want...

And, the link you linked to was also biased... and It didn't prove anything... It just took what Mises said and tried to interpret it, without any extra evidence...

Now, Mises did predict a crash... Of course, he didn't know the exact details and such... but he did predict one... Meanwhile. guys like Keynes and other mainstream economists were saying peramanent prosperity...

Of course, you also ignore that FA Hayek undoubtedly predicted the 1929 crash... So both of the fathers of Austrian Economics predicted the most important economic event fairly accuratley... And, 80 years later, Austrians were the ones who best predicted the 2008 crash

As for that Gold Standard Quote, that was from someone attacking Mises... try actually giving a quote from Mises...
President of DDO
Ragnar_Rahl
Posts: 19,297
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 2:50:14 PM
Posted: 5 years ago
Sharply lowered growth

Call it overproduction

Like a boss.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Tiel
Posts: 1,500
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 3:08:26 PM
Posted: 5 years ago
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Actually you are wrong. Respected economists all over the globe are predicting the future on a similar level. This is why a world wide currency is being pushed. Though, this will only be a bandaid on the problem. The problem stems from faulty socio-economic designs and ideals.
"Only the inner force of curiosity and wonder about the unknown, or an outer force upon your free will, can brake the shackles of your current perception."
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 3:47:58 PM
Posted: 5 years ago
At 9/23/2011 3:08:26 PM, Tiel wrote:
At 9/22/2011 4:44:26 PM, jimtimmy wrote:
At 9/21/2011 9:48:43 PM, kohai wrote:
"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).
The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.
The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

http://www.bbc.co.uk...



And Marxism-Leninism understands and has been saying consistently, that this ongoing and worsening economic crisis of overproduction is at the root of degenerate capitalist imperialist warmongering and the only ‘answer' is the dictatorship of the proletariat. All ‘left' and pacifist reforms are wishful thinking and dangerously counter revolutionary.


Thoughts?

Ya, Marxist models have been proven right again by recent developments (sarcasm)...

In all seriousness, though, the Austrian School seems to be the only school of economic thought that predicted anything like this crisis...

Actually you are wrong. Respected economists all over the globe are predicting the future on a similar level. This is why a world wide currency is being pushed. Though, this will only be a bandaid on the problem. The problem stems from faulty socio-economic designs and ideals.

What other major economic schools predicted both the 1929 crash and the 2008 crash like the Austrian School?

I hear cricket chirps...

And, what socioeconomic designs and ideas are "faulty"
President of DDO
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 3:53:29 PM
Posted: 5 years ago
At 9/23/2011 2:29:16 PM, jimtimmy wrote:

Lol, You can call them whatever you want...

And, the link you linked to was also biased... and It didn't prove anything... It just took what Mises said and tried to interpret it, without any extra evidence...

Well find a non-bias source that shows Mises and Hayek were the only two economist to predict the crash. Also note that economist Roger Babson predicted the crash.

Now, Mises did predict a crash... Of course, he didn't know the exact details and such... but he did predict one... Meanwhile. guys like Keynes and other mainstream economists were saying peramanent prosperity...

Please find me the exact articles where Hayek and Mises predicted the crash. Please tell me where Keynes stated permanent prosperity. If anything, considering Keynes work on business cycles, it would seem he did not believe in prosperity. He predicted the crash of the German economy:

"I cannot leave this subject as though its just treatment wholly depended either on our own pledges or on economic facts. The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable,--abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilised life of Europe."

Of course, you also ignore that FA Hayek undoubtedly predicted the 1929 crash... So both of the fathers of Austrian Economics predicted the most important economic event fairly accuratley... And, 80 years later, Austrians were the ones who best predicted the 2008 crash

As I shown you, other sources predicted the crash.

As for that Gold Standard Quote, that was from someone attacking Mises... try actually giving a quote from Mises...

http://socialdemocracy21stcentury.blogspot.com...

Also the book:
http://www.amazon.com...
Open borders debate:
http://www.debate.org...
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 4:11:13 PM
Posted: 5 years ago
At 9/23/2011 3:53:29 PM, darkkermit wrote:
At 9/23/2011 2:29:16 PM, jimtimmy wrote:

Lol, You can call them whatever you want...

And, the link you linked to was also biased... and It didn't prove anything... It just took what Mises said and tried to interpret it, without any extra evidence...

Well find a non-bias source that shows Mises and Hayek were the only two economist to predict the crash. Also note that economist Roger Babson predicted the crash.

Now, Mises did predict a crash... Of course, he didn't know the exact details and such... but he did predict one... Meanwhile. guys like Keynes and other mainstream economists were saying peramanent prosperity...

Please find me the exact articles where Hayek and Mises predicted the crash. Please tell me where Keynes stated permanent prosperity. If anything, considering Keynes work on business cycles, it would seem he did not believe in prosperity. He predicted the crash of the German economy:

"I cannot leave this subject as though its just treatment wholly depended either on our own pledges or on economic facts. The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable,--abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilised life of Europe."


Of course, you also ignore that FA Hayek undoubtedly predicted the 1929 crash... So both of the fathers of Austrian Economics predicted the most important economic event fairly accuratley... And, 80 years later, Austrians were the ones who best predicted the 2008 crash

As I shown you, other sources predicted the crash.


As for that Gold Standard Quote, that was from someone attacking Mises... try actually giving a quote from Mises...

http://socialdemocracy21stcentury.blogspot.com...

Also the book:
http://www.amazon.com...

Silvia Nasar, a left of center Economist:

http://www.bloomberg.com...

a Quote:

"And when he started Vienna's first economic forecasting institute, Hayek ridiculed the confidence of Keynes and Irving Fisher that the next recession, whenever it came, would be mild, thanks to managed money and the Federal Reserve. In February 1929, in his monthly forecast newsletter, he predicted instead that the American boom would result in a crash. "

Pretty much exactly what I said...

And, it is hilarious that you link to Social Democracy 21st century blog, yet complain about the Mises Institute. This is blatant hypocrisy. If the Mises institute isn't good enough for you, I don't know why you think some left wing economics blog is going to be good enough for me.

Oh, and you have not shown that others have predicted the crash like the Austrians...
President of DDO
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 4:17:18 PM
Posted: 5 years ago
At 9/23/2011 4:11:13 PM, jimtimmy wrote:
At 9/23/2011 3:53:29 PM, darkkermit wrote:
At 9/23/2011 2:29:16 PM, jimtimmy wrote:

Lol, You can call them whatever you want...

And, the link you linked to was also biased... and It didn't prove anything... It just took what Mises said and tried to interpret it, without any extra evidence...

Well find a non-bias source that shows Mises and Hayek were the only two economist to predict the crash. Also note that economist Roger Babson predicted the crash.

Now, Mises did predict a crash... Of course, he didn't know the exact details and such... but he did predict one... Meanwhile. guys like Keynes and other mainstream economists were saying peramanent prosperity...

Please find me the exact articles where Hayek and Mises predicted the crash. Please tell me where Keynes stated permanent prosperity. If anything, considering Keynes work on business cycles, it would seem he did not believe in prosperity. He predicted the crash of the German economy:

"I cannot leave this subject as though its just treatment wholly depended either on our own pledges or on economic facts. The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable,--abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilised life of Europe."


Of course, you also ignore that FA Hayek undoubtedly predicted the 1929 crash... So both of the fathers of Austrian Economics predicted the most important economic event fairly accuratley... And, 80 years later, Austrians were the ones who best predicted the 2008 crash

As I shown you, other sources predicted the crash.


As for that Gold Standard Quote, that was from someone attacking Mises... try actually giving a quote from Mises...

http://socialdemocracy21stcentury.blogspot.com...

Also the book:
http://www.amazon.com...

Silvia Nasar, a left of center Economist:

http://www.bloomberg.com...

a Quote:

"And when he started Vienna's first economic forecasting institute, Hayek ridiculed the confidence of Keynes and Irving Fisher that the next recession, whenever it came, would be mild, thanks to managed money and the Federal Reserve. In February 1929, in his monthly forecast newsletter, he predicted instead that the American boom would result in a crash. "



Pretty much exactly what I said...


And, it is hilarious that you link to Social Democracy 21st century blog, yet complain about the Mises Institute. This is blatant hypocrisy. If the Mises institute isn't good enough for you, I don't know why you think some left wing economics blog is going to be good enough for me.

Oh, and you have not shown that others have predicted the crash like the Austrians...

The link is to a book made by an author who is quote pro-Mises actually. I already gave you multiple examples of people who predicted the crash.

Also, the FED didn't exactly follow Keynesian economics so you can't really blame him for his fault. Irving Fisher is not Keynes.
Open borders debate:
http://www.debate.org...
jimtimmy
Posts: 3,953
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 4:26:58 PM
Posted: 5 years ago
At 9/23/2011 4:17:18 PM, darkkermit wrote:
At 9/23/2011 4:11:13 PM, jimtimmy wrote:
At 9/23/2011 3:53:29 PM, darkkermit wrote:
At 9/23/2011 2:29:16 PM, jimtimmy wrote:

Lol, You can call them whatever you want...

And, the link you linked to was also biased... and It didn't prove anything... It just took what Mises said and tried to interpret it, without any extra evidence...

Well find a non-bias source that shows Mises and Hayek were the only two economist to predict the crash. Also note that economist Roger Babson predicted the crash.

Now, Mises did predict a crash... Of course, he didn't know the exact details and such... but he did predict one... Meanwhile. guys like Keynes and other mainstream economists were saying peramanent prosperity...

Please find me the exact articles where Hayek and Mises predicted the crash. Please tell me where Keynes stated permanent prosperity. If anything, considering Keynes work on business cycles, it would seem he did not believe in prosperity. He predicted the crash of the German economy:

"I cannot leave this subject as though its just treatment wholly depended either on our own pledges or on economic facts. The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable,--abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilised life of Europe."


Of course, you also ignore that FA Hayek undoubtedly predicted the 1929 crash... So both of the fathers of Austrian Economics predicted the most important economic event fairly accuratley... And, 80 years later, Austrians were the ones who best predicted the 2008 crash

As I shown you, other sources predicted the crash.


As for that Gold Standard Quote, that was from someone attacking Mises... try actually giving a quote from Mises...

http://socialdemocracy21stcentury.blogspot.com...

Also the book:
http://www.amazon.com...

Silvia Nasar, a left of center Economist:

http://www.bloomberg.com...

a Quote:

"And when he started Vienna's first economic forecasting institute, Hayek ridiculed the confidence of Keynes and Irving Fisher that the next recession, whenever it came, would be mild, thanks to managed money and the Federal Reserve. In February 1929, in his monthly forecast newsletter, he predicted instead that the American boom would result in a crash. "



Pretty much exactly what I said...


And, it is hilarious that you link to Social Democracy 21st century blog, yet complain about the Mises Institute. This is blatant hypocrisy. If the Mises institute isn't good enough for you, I don't know why you think some left wing economics blog is going to be good enough for me.

Oh, and you have not shown that others have predicted the crash like the Austrians...

The link is to a book made by an author who is quote pro-Mises actually. I already gave you multiple examples of people who predicted the crash.

Also, the FED didn't exactly follow Keynesian economics so you can't really blame him for his fault. Irving Fisher is not Keynes.

Read the quote again... It says "Hayek Ridiculed the Confidence of Irving Fischer AND Keynes"

So, I don't know why you said Irving Fisher isnt Keynes... Keynes was very wrong about 1929, as Fisher was...

And, where are all these other economists and schools of economic thought that have predicted things as well as the Austrians?

And, im still laughing about you complaining over the Mises institute and then linking that that left wing blog...
President of DDO
darkkermit
Posts: 11,204
Add as Friend
Challenge to a Debate
Send a Message
9/23/2011 4:44:12 PM
Posted: 5 years ago
At 9/23/2011 4:26:58 PM, jimtimmy wrote:
At 9/23/2011 4:17:18 PM, darkkermit wrote:
At 9/23/2011 4:11:13 PM, jimtimmy wrote:
At 9/23/2011 3:53:29 PM, darkkermit wrote:
At 9/23/2011 2:29:16 PM, jimtimmy wrote:

Lol, You can call them whatever you want...

And, the link you linked to was also biased... and It didn't prove anything... It just took what Mises said and tried to interpret it, without any extra evidence...

Well find a non-bias source that shows Mises and Hayek were the only two economist to predict the crash. Also note that economist Roger Babson predicted the crash.

Now, Mises did predict a crash... Of course, he didn't know the exact details and such... but he did predict one... Meanwhile. guys like Keynes and other mainstream economists were saying peramanent prosperity...

Please find me the exact articles where Hayek and Mises predicted the crash. Please tell me where Keynes stated permanent prosperity. If anything, considering Keynes work on business cycles, it would seem he did not believe in prosperity. He predicted the crash of the German economy:

"I cannot leave this subject as though its just treatment wholly depended either on our own pledges or on economic facts. The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable,--abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilised life of Europe."


Of course, you also ignore that FA Hayek undoubtedly predicted the 1929 crash... So both of the fathers of Austrian Economics predicted the most important economic event fairly accuratley... And, 80 years later, Austrians were the ones who best predicted the 2008 crash

As I shown you, other sources predicted the crash.


As for that Gold Standard Quote, that was from someone attacking Mises... try actually giving a quote from Mises...

http://socialdemocracy21stcentury.blogspot.com...

Also the book:
http://www.amazon.com...

Silvia Nasar, a left of center Economist:

http://www.bloomberg.com...

a Quote:

"And when he started Vienna's first economic forecasting institute, Hayek ridiculed the confidence of Keynes and Irving Fisher that the next recession, whenever it came, would be mild, thanks to managed money and the Federal Reserve. In February 1929, in his monthly forecast newsletter, he predicted instead that the American boom would result in a crash. "



Pretty much exactly what I said...


And, it is hilarious that you link to Social Democracy 21st century blog, yet complain about the Mises Institute. This is blatant hypocrisy. If the Mises institute isn't good enough for you, I don't know why you think some left wing economics blog is going to be good enough for me.

Oh, and you have not shown that others have predicted the crash like the Austrians...

The link is to a book made by an author who is quote pro-Mises actually. I already gave you multiple examples of people who predicted the crash.

Also, the FED didn't exactly follow Keynesian economics so you can't really blame him for his fault. Irving Fisher is not Keynes.


Read the quote again... It says "Hayek Ridiculed the Confidence of Irving Fischer AND Keynes"

So, I don't know why you said Irving Fisher isnt Keynes... Keynes was very wrong about 1929, as Fisher was...

And, where are all these other economists and schools of economic thought that have predicted things as well as the Austrians?

I already gave you a bunch of list of people who predicted the crash. Some of them were new Keynesian. Also you fail to acknowledge that the Austrians were wrong about the gold standard. Also please explain how throughout the years after the great depressions, business cycles have been significantly reduced:

http://en.wikipedia.org...

Major peaks in inflation and deflation before the FED.

http://en.wikipedia.org...

Larger recessions before keynesian economics. What does Austrian economists have to say about that?

And, im still laughing about you complaining over the Mises institute and then linking that that left wing blog...

I googled the phrase and found another source. It happened to be a leftist blog. The fact that two independent sites were able to come up with the exact same quote, which is cited in a book, shows the quote is indeed accurate.
Open borders debate:
http://www.debate.org...