[the invisib1e hand]

It isn’t because human nature causes us to make all these mistakes, but there is a normal reaction when interest rates are low that there will be overinvestment and malinvestment, excessive debt, and then there are consequences from this.

Nothing against Mr. Paul, but I'm having a hard time following this.

If it isn't "human nature," what is it, a remote control?

And who forces people make "malinvestments?"

And does one always know what a "malinvestment" or what "too much debt" is before conditions have changes enough to make them so?

This line of questioning is ... well, perhaps there's not enough context here, but it seems a little bit strange.

[oblomov]

>>If it isn’t “human nature,” what is it, a remote control?

human nature + government intervention in the economy that leads people to make mistakes of judgment.

This is not to say that people don’t make mistakes otherwise, just that the mistakes would be much less severe and prolonged if the government did not put its finger on the balance.

>>And who forces people make “malinvestments?”

No one is forced. That’s why we get to kid ourselves that we still have a free economy.

>And does one always know what a “malinvestment” or what
>”too much debt” is before conditions have changes enough to make them so?

No, we don’t know what the malinvestments are until something blows up. We don’t know who isn’t wearing a bathing suit until the tide goes out.

[mnehring]

If it isn't "human nature," what is it, a remote control? And who forces people make "malinvestments?" And does one always know what a "malinvestment" or what "too much debt" is before conditions have changes enough to make them so? This line of questioning is ... well, perhaps there's not enough context here, but it seems a little bit strange.

hmm..worth chewing over a little..