Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6526)	8/2/2001 9:03:24 PM
From: Ilaine	Read Replies (1) of 74559

>>have you read the Rachebach Report dated April comparing now to 1929?<< One of the tenets of Austrian economics is that they don't have to bother proving their theories using data. "Rather than inducing a general proposition from particular, observable data, Austrian Economics deduces particular theorems from the axiomatic truth." free-market.net Using similar techniques, our ancestors deduced the existence of phlogiston, spontaneous generation, and the fact that the Earth is the center of the Universe.

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