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I have finally decided!!

Deathbeforedishonour
Posts: 1,058
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10/23/2012 6:44:19 PM
Posted: 4 years ago
After 5 months of constant though switching and research. I have finally decided that I will be advocating Chicago School Economics!
"In the beginning was the Word, and the Word was with God, and the Word was God." ~ John 1:1

Matthew 10:22- "And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved."
lewis20
Posts: 5,093
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10/23/2012 6:46:03 PM
Posted: 4 years ago
Why Chicago over Austrian
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Deathbeforedishonour
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10/23/2012 7:05:06 PM
Posted: 4 years ago
At 10/23/2012 6:46:03 PM, lewis20 wrote:
Why Chicago over Austrian

Chicago uses empirical data in it's predictions, while Austrian doesn't. And advocates things such as government control of the money supply which I agree with.
"In the beginning was the Word, and the Word was with God, and the Word was God." ~ John 1:1

Matthew 10:22- "And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved."
Lordknukle
Posts: 12,788
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10/23/2012 7:34:40 PM
Posted: 4 years ago
I thought you were a Jill Stein loving hippy...?
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Deathbeforedishonour
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10/23/2012 7:41:40 PM
Posted: 4 years ago
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..
"In the beginning was the Word, and the Word was with God, and the Word was God." ~ John 1:1

Matthew 10:22- "And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved."
johnnyboy54
Posts: 6,362
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10/23/2012 7:43:25 PM
Posted: 4 years ago
At 10/23/2012 7:41:40 PM, Deathbeforedishonour wrote:
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..

He is a pretty hot...
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Deathbeforedishonour
Posts: 1,058
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10/23/2012 7:55:10 PM
Posted: 4 years ago
At 10/23/2012 7:43:25 PM, johnnyboy54 wrote:
At 10/23/2012 7:41:40 PM, Deathbeforedishonour wrote:
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..

He is a pretty hot...

Oh yes..
"In the beginning was the Word, and the Word was with God, and the Word was God." ~ John 1:1

Matthew 10:22- "And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved."
thett3
Posts: 14,378
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10/23/2012 10:26:08 PM
Posted: 4 years ago
http://i.imgur.com...
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imabench
Posts: 21,229
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10/24/2012 2:15:56 AM
Posted: 4 years ago
At 10/23/2012 10:26:08 PM, thett3 wrote:
http://i.imgur.com...

LOL
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slo1
Posts: 4,361
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10/24/2012 9:20:15 AM
Posted: 4 years ago
Why pick just one school? They all have truths in them and they all have great thinkers. Pick the best ideas out of all of them. Yes that includes the New Keynesian school. The simple fact is that all schools have problems with them. None is yet proven to be superior than the other as far as gov involvement because they all deals with absolutes.

Fore example, one can say that free markets are the most efficient. However, "most" does not mean = efficient.

The most recent example of this is how inefficient the market was pricing risk on mortgage's and credit default swaps. It brought the financial markets screeching to a halt and on its knees.

I'm not here to argue the gov reaction to that market failure, but it does need to make one wonder, is there something better than laissez faire that would not have allowed the irrational pricing of credit risk.

The Chicago School lost a lot of credibility advocating not using the government to shore up liquidity in the financial markets when it was the irrational free market pricing of mortgages and credit default swaps that caused the entire mess.

And now we have the Fed on the other side the fence thinking we can print money to get out of the down stream affects of the near financial system collapse. It is like we can only get action around the radical fringe ideas rather than common sense moderation.

PS. There is a reason that Buddhism has landed after thousands of years of meditation that the Middle Way is the best way.

I digressed. To show my support, enjoy the freshwater school. Those saltwater schools are Keynesian freaks anyway.
Ore_Ele
Posts: 25,980
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11/4/2012 1:38:41 AM
Posted: 4 years ago
At 11/4/2012 1:38:53 AM, Wallstreetatheist wrote:
At 10/23/2012 7:41:40 PM, Deathbeforedishonour wrote:
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..

His son is my favorite economist. Also, congrats; welcome to the dark side.

he was on the dark side when he first came to DDO, then left to become a hippy occupier, now back in it.
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Wallstreetatheist
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11/4/2012 1:38:53 AM
Posted: 4 years ago
At 10/23/2012 7:41:40 PM, Deathbeforedishonour wrote:
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..

His son is my favorite economist. Also, congrats; welcome to the dark side.
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darkkermit
Posts: 11,204
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11/4/2012 1:44:33 AM
Posted: 4 years ago
At 11/4/2012 1:38:53 AM, Wallstreetatheist wrote:
At 10/23/2012 7:41:40 PM, Deathbeforedishonour wrote:
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..

His son is my favorite economist. Also, congrats; welcome to the dark side.

he was on the dark side when he first came to DDO, then left to become a hippy occupier, now back in it.
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bossyburrito
Posts: 14,075
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11/4/2012 2:08:45 AM
Posted: 4 years ago
At 11/4/2012 1:44:33 AM, darkkermit wrote:
At 11/4/2012 1:38:53 AM, Wallstreetatheist wrote:
At 10/23/2012 7:41:40 PM, Deathbeforedishonour wrote:
At 10/23/2012 7:34:40 PM, Lordknukle wrote:
I thought you were a Jill Stein loving hippy...?

I dumped her for Milton Friedman..

His son is my favorite economist. Also, congrats; welcome to the dark side.

he was on the dark side when he first came to DDO, then left to become a hippy occupier, now back in it.

What you did
I see it.
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Cermank
Posts: 3,773
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11/18/2012 1:53:29 AM
Posted: 4 years ago
At 10/23/2012 7:05:06 PM, Deathbeforedishonour wrote:
At 10/23/2012 6:46:03 PM, lewis20 wrote:
Why Chicago over Austrian

Chicago uses empirical data in it's predictions, while Austrian doesn't. And advocates things such as government control of the money supply which I agree with.

http://www.cato-unbound.org...