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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (76367)	7/14/2011 9:06:58 PM
From: carranza2	Read Replies (2) \| Respond to of 218073

A lifetime on the academic front leads to an iron marriage between the scholar and the theories he studies. It is incredibly difficult for a scholar to accept new ideas because the game becomes ever narrower as he specializes. He becomes wedded to the microscope; everything he sees is viewed through an increasingly smaller and more specialized lens. As a result, an intellectual stenosis takes place which prevents him from accepting reality because he has already constructed it years ago. The only movement is minuscule, inconsequential. Bernanke is a perfect example. He looks at Ron Paul as if Paul is insane, a yahoo, a no-entity, while in fact RP is offering the best solutions possible. I agree with the Pater Horribilus, BB looks unstable.I will find the video of RP's questions to BB. Tell me which one looks a bit unhinged. google.com It is the first video on the page.

To: TobagoJack who wrote (76367)	7/14/2011 9:59:54 PM
From: carranza2	Read Replies (2) \| Respond to of 218073

Das Pater Tenebrarum Horribilus is brilliant: "People have lately begun to worry that the authorities are about the repeat the so-called 'mistake of 1937'. The myth that the depression became worse due to a withdrawal of fiscal and monetary stimulus in 1937 is one of the most enduring next to ideas like 'FDR ended the depression' and analogous memes. One can however not deduce points of economic theory by attempting to interpret historical data. One must proceed exactly the other way around: if one wishes to understand economic history, one must interpret it in light of a correct economic theory. The data of economic history can otherwise be used to defend just about ANY position. There is in any case a period of history that seems far more applicable to the Fed's current dilemma - the fiat money supply inflation under the French revolutionary assembly in the late 18th century. Similar to Bernanke today, the revolutionaries were 'puzzled' why their attempt to create 'economic stimulus' by printing money only seemed to work for ever shorter periods of time, while the unintended consequences became worse and worse. This did not keep them from trying however, and in the end they managed to destroy two currencies and an entire economy. They had become addicted to monetary heroin, with predictable results." .