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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!)
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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)
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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')
6 posted on 01/31/2009 8:51:18 AM PST by SeekAndFind
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