To: SeekAndFind; sickoflibs; rabscuttle385; Gondring; bamahead
***Galbraith and Friedman were two of the leading late twentieth century experts in macroeconomics -— the study of the national or global economy. They applied different macroeconomic theories to make their predictions. Both predictions were completely wrong, which indicates that the theories from which the predictions were made were also wrong.***
And the Austrian school predicted the Great Depression as well as the current housing crisis.
2 posted on
01/31/2009 8:44:02 AM PST by
djsherin
(The federal government:: Because someone has to f*** things up!)
To: djsherin
Got a link to back that up? Not being obstreperous, since monetarism makes some sense to me, but you’ve made a pretty big claim.
4 posted on
01/31/2009 8:46:11 AM PST by
RKV
(He who has the guns makes the rules)
To: djsherin
And the Austrian school predicted the Great Depression as well as the current housing crisis.
If you keep talking about it for 20 years, eventually it will happen. I can warn about the social security crisis and it eventually will happen ( and I'm not even an 'Austrian')
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson