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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (5093)9/3/1998 2:49:00 PM
From: Mike M2   of 86076
 
MM, all expansions fueled by easy money and credit go bust -it is Austrian law. The collapse is the result of the excesses (malinvestments & maladjustments) created during the boom . Look at Japan and SEA to see a modern day example of tough love Austrian style. At the height of the Japanese bubble the Japanese bankers thought they learned from the "mistakes" of U.S. bankers during the 30's. Perhaps the assumptions of monetarists and keynesians are incorrect and the austrians are right. I tink so ho ho ho Mike
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