Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (2401)	6/11/2003 12:38:42 PM
From: yard_man	Read Replies (1) \| Respond to of 4905

>>I think you guys who follow this Mises miss the reason why the money supply grows in the first place. It grows because every single day people, through their efforts, add to the value in the economy and money supply grows in order to represent that value.<< pardon my french -- but that is bullshit gotta go -- I'll post a longer reply after lunch. But think about this: If economic activity is measure in currency terms and the currency is increasing -- of what real worth is that as a yardstick?? Let's take everybody's account today and add two zeroes behind it -- presto we are all better off, aren't we??

To: GraceZ who wrote (2401)	6/11/2003 12:56:57 PM
From: Mike M2	Read Replies (1) \| Respond to of 4905

Grace, if you want to understand Austrian economics- read Murray Rothbard's " America's Great Depression" . Your criticisms of austrian economics suggests that you don't know much about it or the track record of leading Austrian economists in forecasting busts during the boom whille most economists saw a " new era" or " new economy" Mises, Hayek were vocal critics during the 20s. Dr. Richebacher warned of the Japanese bubble in the late 80s and predicted the Asian tiger bust in his March 1997 letter and of course our current bubble. Mike