Austrian School's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/72323/comments http://seekingalpha.com/article/163444-you-can-spend-your-way-out-of-a-recession?source=feed#comment-692162 692162 Sat, 26 Sep 2009 14:05:58 -0400 http://seekingalpha.com/article/163444-you-can-spend-your-way-out-of-a-recession?source=feed#comment-692129 692129
But for the rest of the country, the future is much more important than today. Its really unhelpful to give any kind of academic cover to the kind of short term populist thinking that Keynesians espouse.

Some of the posts on here are entertaining to read. They say stuff like "Keynes had some good ideas, Hayek had some good ones, maybe they're both right, nobody knows..." They should just say "I don't understand this stuff, but wanted to waste people's time." Sorry, Hayek was right, and Keynes was a homersexual political aye-hole.

The really insidious thing is that the longer the postpone the necessary correction, the larger the disruption will be when it finally happens, so the greater the effort is made to postpone it. Eventually the imbalance becomes so large, even coordinated government intervention can't stop it. These things should have been allowed to correct on their own, but back then when the imbalances were small, it was all to easy to prevent their correction. But no it won't be the end of the world when some of these long over due institutions finally die, because from their ashes, comes the resources to nourish new life.]]> Sat, 26 Sep 2009 13:11:14 -0400
But for the rest of the country, the future is much more important than today. Its really unhelpful to give any kind of academic cover to the kind of short term populist thinking that Keynesians espouse.

Some of the posts on here are entertaining to read. They say stuff like "Keynes had some good ideas, Hayek had some good ones, maybe they're both right, nobody knows..." They should just say "I don't understand this stuff, but wanted to waste people's time." Sorry, Hayek was right, and Keynes was a homersexual political aye-hole.

The really insidious thing is that the longer the postpone the necessary correction, the larger the disruption will be when it finally happens, so the greater the effort is made to postpone it. Eventually the imbalance becomes so large, even coordinated government intervention can't stop it. These things should have been allowed to correct on their own, but back then when the imbalances were small, it was all to easy to prevent their correction. But no it won't be the end of the world when some of these long over due institutions finally die, because from their ashes, comes the resources to nourish new life.]]> http://seekingalpha.com/article/153068-taking-an-honest-look-at-gdp-calculation?source=feed#comment-611694 611694
First, people can't stop spending money even if they think prices in the future will be less because they are get hungrey, their cars fall apart, their wife keeps getting pregnant, etc. The type of spending you're talking about that they can choose to put off in the future is largly just discretionary consumption spending. Like buying a big screen TV, or a Hummer. We don't need to more of this kind of wasteful spending. At the place we are in our economy, we need more saving, and production for sale to our foreign creditors.

Claiming that these kinds of credit easing regimes have helped solve a large number of problems and will solve this one is the same kind of reasoning that getting a another hit of dope, will solve the sick feeling a dope addict gets when he isn't able to get the drug he has become dependant on. All it does is POSTPONE the eventual comedown, or kill eventually person. Or put another way, its like saying the best way to avoid a hangover is to never stop drinking. You can do this for a while, I know people that have tried, but eventually the body just can't take it any more.
]]> Sun, 02 Aug 2009 13:28:33 -0400
First, people can't stop spending money even if they think prices in the future will be less because they are get hungrey, their cars fall apart, their wife keeps getting pregnant, etc. The type of spending you're talking about that they can choose to put off in the future is largly just discretionary consumption spending. Like buying a big screen TV, or a Hummer. We don't need to more of this kind of wasteful spending. At the place we are in our economy, we need more saving, and production for sale to our foreign creditors.

Claiming that these kinds of credit easing regimes have helped solve a large number of problems and will solve this one is the same kind of reasoning that getting a another hit of dope, will solve the sick feeling a dope addict gets when he isn't able to get the drug he has become dependant on. All it does is POSTPONE the eventual comedown, or kill eventually person. Or put another way, its like saying the best way to avoid a hangover is to never stop drinking. You can do this for a while, I know people that have tried, but eventually the body just can't take it any more.
]]> http://seekingalpha.com/article/112281-the-case-for-higher-interest-rates-and-lower-home-prices?source=feed#comment-338438 338438
This article is spot on. Its only blasphemy to morons.

I'd go so far as to say that in our so called capitalist system, the price of capital should be set by the market. Bye bye, Federal Reserve, you won't be missed. Don't let the door nob hit you where the dog should have bit you.]]> Fri, 26 Dec 2008 00:40:02 -0500
This article is spot on. Its only blasphemy to morons.

I'd go so far as to say that in our so called capitalist system, the price of capital should be set by the market. Bye bye, Federal Reserve, you won't be missed. Don't let the door nob hit you where the dog should have bit you.]]> http://seekingalpha.com/article/112123-thank-goodness-for-government-work?source=feed#comment-337642 337642 Wed, 24 Dec 2008 12:53:54 -0500 http://seekingalpha.com/article/112153-the-benefits-of-a-standardized-microusb?source=feed#comment-337572 337572 Wed, 24 Dec 2008 11:35:43 -0500 http://seekingalpha.com/article/112096-housing-gets-even-worse?source=feed#comment-337566 337566
They should just let the freaking thing correct and learn there lesson that a series of booms and busts fostered with bad public policy does more harm that good in aggregate. They're beating the hell out of the middle class for the benefit of the people who make their living in financial system.]]> Wed, 24 Dec 2008 11:29:36 -0500
They should just let the freaking thing correct and learn there lesson that a series of booms and busts fostered with bad public policy does more harm that good in aggregate. They're beating the hell out of the middle class for the benefit of the people who make their living in financial system.]]> http://seekingalpha.com/article/112082-any-homeowners-bailout-will-be-unfair?source=feed#comment-337525 337525 Wed, 24 Dec 2008 10:52:20 -0500 http://seekingalpha.com/article/111659-gift-this-book-the-return-of-depression-economics-by-paul-krugman?source=feed#comment-336330 336330
Personally I don't understand how a problem caused by spending money we don't have will be cured by spending money we don't have.]]> Tue, 23 Dec 2008 02:21:34 -0500
Personally I don't understand how a problem caused by spending money we don't have will be cured by spending money we don't have.]]> http://seekingalpha.com/article/89649-desire-for-safety-has-made-the-financial-world-risky?source=feed#comment-226161 226161
Excess liquidity creates situation of more money chasing less opportunities. Worse and worse investments made as an example. Answer isn't more regulation on whats a fair investment, answer is less liquidity.]]> Fri, 08 Aug 2008 12:40:25 -0400
Excess liquidity creates situation of more money chasing less opportunities. Worse and worse investments made as an example. Answer isn't more regulation on whats a fair investment, answer is less liquidity.]]> http://seekingalpha.com/article/86770-a-fed-rate-hike-won-t-solve-the-current-crisis?source=feed#comment-214409 214409
I agree with the previous poster in that inflation doesn't have to be in the form of higher wages. It could be that its just making everybody poorer (the money you have buys less of the things you need to live).

Low interest rates below what the level of savings would have naturally dictated is like taking human growth hormone. You can only get certain amoutn fo healthy growth, beyond that the HGH just creates tumors and other cancers. We've gotten to the point where the tumors have been able to buy enough influence in congress that they can keep the flow of HGH coming. Also, many people can no longer tell the difference between what is tumor and the original organism. So when the tumor shrinks they exclaim "our growth is stagnating, protect the growth"

Author lacks any sense of economic justice, all about how to keep a messed up system teetering along. I've venture to guess he doesn't know what a healthy system is supposed to look like, and just knows what he's experienced in his lifetime.]]> Fri, 25 Jul 2008 11:39:06 -0400
I agree with the previous poster in that inflation doesn't have to be in the form of higher wages. It could be that its just making everybody poorer (the money you have buys less of the things you need to live).

Low interest rates below what the level of savings would have naturally dictated is like taking human growth hormone. You can only get certain amoutn fo healthy growth, beyond that the HGH just creates tumors and other cancers. We've gotten to the point where the tumors have been able to buy enough influence in congress that they can keep the flow of HGH coming. Also, many people can no longer tell the difference between what is tumor and the original organism. So when the tumor shrinks they exclaim "our growth is stagnating, protect the growth"

Author lacks any sense of economic justice, all about how to keep a messed up system teetering along. I've venture to guess he doesn't know what a healthy system is supposed to look like, and just knows what he's experienced in his lifetime.]]> http://seekingalpha.com/article/87017-what-the-sec-really-accomplished-with-its-new-short-sell-rule?source=feed#comment-214363 214363 Fri, 25 Jul 2008 11:11:06 -0400 http://seekingalpha.com/article/86870-why-the-housing-bill-won-t-help-the-housing-market?source=feed#comment-214357 214357 Fri, 25 Jul 2008 11:06:00 -0400 http://seekingalpha.com/article/87003-how-dumb-does-the-nar-think-homebuyers-are?source=feed#comment-214348 214348
Nobody really needs to own a house, the utility of renting one is nearly the same. Sure there are times that it would be advantagious to own, but not now.]]> Fri, 25 Jul 2008 10:59:03 -0400
Nobody really needs to own a house, the utility of renting one is nearly the same. Sure there are times that it would be advantagious to own, but not now.]]> http://seekingalpha.com/article/85138-the-future-for-the-mortgage-gses?source=feed#comment-208275 208275 Thu, 17 Jul 2008 23:11:53 -0400 http://seekingalpha.com/article/80532-on-a-disastrous-jobs-number-recession-is-obvious?source=feed#comment-181278 181278 Sun, 08 Jun 2008 11:43:20 -0400 http://seekingalpha.com/article/76673-should-we-force-a-housing-bottom?source=feed#comment-165781 165781 Sun, 11 May 2008 11:47:00 -0400 http://seekingalpha.com/article/74960-gas-tax-holiday-is-populist-but-pointless?source=feed#comment-161034 161034 Sat, 03 May 2008 00:34:58 -0400 http://seekingalpha.com/article/74679-between-inflation-and-interest-rates-bernanke-s-in-deep?source=feed#comment-159923 159923 Thu, 01 May 2008 02:54:56 -0400 http://seekingalpha.com/article/74853-no-sign-of-bottom-in-existing-us-home-sale-prices?source=feed#comment-159921 159921
I occasionally hear this talk about people not being able to get loans. These are the people that shouldn't have been getting loans in the first place. When the prices finish correcting, more of them will qualify for the lower principle loan.]]> Thu, 01 May 2008 02:41:36 -0400
I occasionally hear this talk about people not being able to get loans. These are the people that shouldn't have been getting loans in the first place. When the prices finish correcting, more of them will qualify for the lower principle loan.]]> http://seekingalpha.com/article/74852-has-the-federal-reserve-become-too-powerful?source=feed#comment-159918 159918
The Fed benefits the banks at the expense of the rest of the economy. And no, the economy isn't the banks. They let banks, and now securities houses run their leverage up to the hairy edge to maximize profit, then when they fall down, they're hedged by the Fed.]]> Thu, 01 May 2008 02:32:12 -0400
The Fed benefits the banks at the expense of the rest of the economy. And no, the economy isn't the banks. They let banks, and now securities houses run their leverage up to the hairy edge to maximize profit, then when they fall down, they're hedged by the Fed.]]> http://seekingalpha.com/article/72346-unintended-socialization-of-the-housing-market-and-its-consequences?source=feed#comment-151437 151437 Wed, 16 Apr 2008 01:24:16 -0400 http://seekingalpha.com/article/71905-misguided-calls-for-activism?source=feed#comment-149393 149393
Free the market. The oven is cleaning itself right now, only problem for some people had all their cookies in there and they're going up in smoke.

Keynes and all the other central planners are horses patoots.]]> Sat, 12 Apr 2008 02:22:02 -0400
Free the market. The oven is cleaning itself right now, only problem for some people had all their cookies in there and they're going up in smoke.

Keynes and all the other central planners are horses patoots.]]> http://seekingalpha.com/article/71907-the-fed-is-terrified?source=feed#comment-149391 149391 Sat, 12 Apr 2008 02:05:43 -0400 http://seekingalpha.com/article/71563-jim-rogers-fed-policy-is-outrageous?source=feed#comment-148050 148050 Thu, 10 Apr 2008 00:29:07 -0400 http://seekingalpha.com/article/71617-the-greenspan-defense?source=feed#comment-148045 148045 Thu, 10 Apr 2008 00:11:06 -0400 http://seekingalpha.com/article/71624-ambac-mbia-finally-get-the-rating-they-deserve?source=feed#comment-148041 148041 Thu, 10 Apr 2008 00:00:05 -0400 http://seekingalpha.com/article/68619-did-the-fed-s-move-prevent-a-stock-market-panic?source=feed#comment-127439 127439
The question isn't, do you want to have corrections or not, the real question do you prefer lots of little isolated corrections, or one all consuming collapse that threatens the very system which enabled it.]]> Mon, 17 Mar 2008 01:54:37 -0400
The question isn't, do you want to have corrections or not, the real question do you prefer lots of little isolated corrections, or one all consuming collapse that threatens the very system which enabled it.]]> http://seekingalpha.com/article/63228-western-cities-top-u-s-home-price-declines?source=feed#comment-114981 114981 Wed, 06 Feb 2008 21:59:17 -0500 http://seekingalpha.com/article/63150-what-the-housing-apocalypse-prophets-aren-t-revealing?source=feed#comment-114812 114812
Mortgage applications are up because approval percentages are down. Lower fed rate doesn't control the longer term mortage rate, this just presses the snooze button on adjustables until the next adminstration is in office.

The percentage of conforming loans being written is up because the percentage of suicide loans is down. This is news?]]> Wed, 06 Feb 2008 00:13:53 -0500
Mortgage applications are up because approval percentages are down. Lower fed rate doesn't control the longer term mortage rate, this just presses the snooze button on adjustables until the next adminstration is in office.

The percentage of conforming loans being written is up because the percentage of suicide loans is down. This is news?]]>