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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: pogohere who wrote (99911)11/25/2008 2:31:09 PM
From: bart13  Read Replies (4) of 110194
 
All but two forums I'm on, one being private, is infested by those with fixed ideas - usually from the Austrian school.

It doesn't matter for example that Keynes actually said that the stimulus should be paid back during periods of prosperity (showing one of the problems with Keynes lack of understanding of human nature of course), but they go blithely along and hammer the economic theory anyhow in straw man mode.

Same with the actual real world examples and proposals of Zarlenga, Schacht. etc.

"An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it."
-- Mahatma Gandhi

"All truths are easy to understand once they are discovered; the point is to discover them."
-- Galileo Galilei
(one has to actually look too <g>)

"Men stumble over the truth from time to time, but most pick themselves up and hurry off as if nothing happened."
-- Winston Churchill

They do nothing but show their own inability to take all the facts and history into account, as well as refuse to deal with actual logic and debate... and almost always prove it by spewing in logical fallacy mode via personal attacks, change of subject, etc. and virtually never either deal directly with the actual points or of course with the major shortcomings of whatever school or view to which they subscribe (or worship). C'est la vie...
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