Parryx Posted July 21, 2017 Share Posted July 21, 2017 (edited) I am not native english so sorry if my english is bad. Well, as title says, what do you think about the business cycle theory of the austrian school? This theory says that periods of low interest rate (so the Central Bank and banks are creating more credit) cause the recession periods. PS: I'm also new to the game and it's great! Edited July 21, 2017 by Parryx Quote Link to comment Share on other sites More sharing options...
ForgotPants Posted July 21, 2017 Share Posted July 21, 2017 Welcome to PnW! And I have no freakin clue what the business cycle theory is! Quote Link to comment Share on other sites More sharing options...
Parryx Posted July 21, 2017 Author Share Posted July 21, 2017 15 minutes ago, ForgotPants said: Welcome to PnW! And I have no freakin clue what the business cycle theory is! Thanks! I posted that just in case there is someone that wants to defend the austrian school because I've never known a single one that haven't run away when showing some empyrical proof hahaha 1 Quote Link to comment Share on other sites More sharing options...
Doktor Avalanche Posted July 24, 2017 Share Posted July 24, 2017 The Austrian School, like virtually every other Economic School of thought, is not all in agreement when it comes to every jot and tittle. So what exactly are you implying as to which aspect of the Austrian Economic School you find absurd? Quote Beer. Damn Good Beer. Link to comment Share on other sites More sharing options...
Dubayoo Posted July 24, 2017 Share Posted July 24, 2017 The leading hedge fund in the world effectively operates according to it if you compare its appreciation of the short and long term debt cycles to ABC's understanding of how credit expansions and contractions lead to booms and busts: 1 Quote My Avie: https://www.rottentomatoes.com/m/senna/ Shortened versions: https://www.youtube.com/watch?v=n9qZu7h5ys0 https://www.youtube.com/watch?v=mvVqSpS65VE Link to comment Share on other sites More sharing options...
ComradeMilton Posted July 24, 2017 Share Posted July 24, 2017 K. (I put no faith in YT and don't watch random things. Thanks for effort, though.) Quote Link to comment Share on other sites More sharing options...
Doktor Avalanche Posted July 24, 2017 Share Posted July 24, 2017 (edited) 13 hours ago, ComradeMilton said: K. (I put no faith in YT and don't watch random things. Thanks for effort, though.) So if a renowned Economist posts a YT video from a university renowned for Economics, you would put "no faith" in it. You are about as sharp as a bowling ball. Edited July 24, 2017 by Doc Martini Quote Beer. Damn Good Beer. Link to comment Share on other sites More sharing options...
WISD0MTREE Posted July 24, 2017 Share Posted July 24, 2017 2 hours ago, Doc Martini said: So if a renowned Economist posts a YT video from a university renowned for Economics, you would put "no faith" in it. You are about as sharp as a bowling ball. Not to mention he is the 69th richest person in the world and founded started the world's largest hedge fund from his apartment. Quote Link to comment Share on other sites More sharing options...
ComradeMilton Posted July 24, 2017 Share Posted July 24, 2017 Surely there are reliable sources for his information, then. Quote Link to comment Share on other sites More sharing options...
Doktor Avalanche Posted July 24, 2017 Share Posted July 24, 2017 (edited) https://hyperonomy.com/2016/12/29/graphitization-of-ray-dalios-principles/ Literally a text source of his information. LOL Edited July 24, 2017 by Doc Martini Quote Beer. Damn Good Beer. Link to comment Share on other sites More sharing options...
WISD0MTREE Posted July 25, 2017 Share Posted July 25, 2017 4 hours ago, ComradeMilton said: Surely there are reliable sources for his information, then. A verified account of the largest hedge fund in the world on the world's most visited video sharing site, owned by one of the world's largest tech companies isn't reliable? Or is it because it is in a video format? If it's the latter, why do you not trust any video? So many reputable videos exist that APA, MLA, and Chicago formatting have standards for citing them. Quote Link to comment Share on other sites More sharing options...
ComradeMilton Posted July 25, 2017 Share Posted July 25, 2017 28 minutes ago, WISD0MTREE said: A verified account of the largest hedge fund in the world on the world's most visited video sharing site, owned by one of the world's largest tech companies isn't reliable? Not to me, no. If you don't care about my standards for sources that's on you. Or is it because it is in a video format? If it's the latter, why do you not trust any video? So many reputable videos exist that APA, MLA, and Chicago formatting have standards for citing them. 4 hours ago, Doc Martini said: https://hyperonomy.com/2016/12/29/graphitization-of-ray-dalios-principles/ Literally a text source of his information. LOL That certainly sounds like something vital to wealthy interests to protect, yes. Thank you for the better source hosting. It's shit, though. Quote Link to comment Share on other sites More sharing options...
Doktor Avalanche Posted July 25, 2017 Share Posted July 25, 2017 2 hours ago, ComradeMilton said: That certainly sounds like something vital to wealthy interests to protect, yes. Thank you for the better source hosting. It's shit, though. Meh. subjective opinion is subjective. Quote Beer. Damn Good Beer. Link to comment Share on other sites More sharing options...
Dubayoo Posted July 25, 2017 Share Posted July 25, 2017 (edited) 11 hours ago, ComradeMilton said: That certainly sounds like something vital to wealthy interests to protect, yes. Thank you for the better source hosting. It's shit, though. If Dalio was protecting wealthy interests, he would have kept it secret instead of publishing it. Edited July 25, 2017 by Dubayoo Quote My Avie: https://www.rottentomatoes.com/m/senna/ Shortened versions: https://www.youtube.com/watch?v=n9qZu7h5ys0 https://www.youtube.com/watch?v=mvVqSpS65VE Link to comment Share on other sites More sharing options...
ComradeMilton Posted July 25, 2017 Share Posted July 25, 2017 According to whom? We have plenty of excellent economists and financially staffing that's entirely open. Quote Link to comment Share on other sites More sharing options...
Dubayoo Posted July 25, 2017 Share Posted July 25, 2017 2 hours ago, ComradeMilton said: According to whom? We have plenty of excellent economists and financially staffing that's entirely open. By excellent, are you referring to talent, intent, both, or something else? Quote My Avie: https://www.rottentomatoes.com/m/senna/ Shortened versions: https://www.youtube.com/watch?v=n9qZu7h5ys0 https://www.youtube.com/watch?v=mvVqSpS65VE Link to comment Share on other sites More sharing options...
ComradeMilton Posted July 25, 2017 Share Posted July 25, 2017 It's clear enough already. Thanks for your interest. Quote Link to comment Share on other sites More sharing options...
Ogaden Posted August 25, 2017 Share Posted August 25, 2017 (edited) The Austrian school has never accurately predicted any of the financial problems of the 20th or 21st century, nor have any of their ideas worked in any of the countries where various and successive stupid Conservative governments have tried them. It's a wonderful myth about how economies work, like how the earth is a flat disc and the firmament rotates around it. The main issue with economic theories is that the only ones that enjoy government support either posit that the way things are now is the correct course of action and that nothing should change (NeoKeynsian economics) or people who actually believe in absurd shit like the Laffer curve (Austrian school). Everyone else is excluded to the point that it's like other schools of economics don't even exist. Edited August 25, 2017 by Ogaden Quote Link to comment Share on other sites More sharing options...
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