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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (132632)11/2/2001 5:18:37 PM
From: Knighty Tin  Read Replies (1) of 436258
 
ild, I like it, though I wonder why the Austrians always have to tell us why everyone else is so stupid before they tell us their prescription? They must be paid by the word. That used to be my style when I wrote magazine articles. <g>

Also, there is some inconsistency. He says we are only in recession because of lousy policies in one part. In the other part, he tells us that recessions and the business cycle are inevitable.

Still, the part about malinvestment is totally right. I know old Mal well. <g>
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