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The Range
Law & Order
Do you think obama will "try" to take our guns?
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<blockquote data-quote="henschman" data-source="post: 1086589" data-attributes="member: 4235"><p>Oh wow, this has now turned into an economics discussion?</p><p></p><p>OK, i'll throw in my .02 worthless, inflated FRNs on that subject.</p><p></p><p>What I don't get is why we keep on listening to the supposed "experts" on economics and monetary policy, such as Geithner, Bernanke, Paulson, etc., when none of them saw ANY of this current mess coming, nor did anyone of the economic philosophy they subscribe to (Keynesianism). Yet we keep on listening to people who espouse this philosophy (which is very big-government oriented, which may have something to do with why all government economists are Keynesians). </p><p></p><p>There is an economic philosophy called the Austrian School of thought which is in the minority in academia and is non-existent in government circles who predicted this current mess, along with pretty much every major crisis from the Great Depression on. They have a completely different theory regarding the business cycle, which makes a lot of sense if you look into it. The Austrians tried to warn us about where all the Keynesians' policies were leading us. Now that they are proven right, they are still largely ignored by the media, the government, and the people. We keep on letting the same idiots lead us down the same road.</p><p></p><p>BTW, the Austrians advocate the exact opposite of what the Keynesians advocate. The Austrians say we need LESS regulation, LESS manipulation of interest rates, LESS tax incentives and other causes of mal-investment... basically, LESS GOVERNMENT, MORE LIBERTY.</p><p></p><p>I'll leave it up to you to decide which group we should listen to. The ones who were oblivious and didn't see the crisis coming until it slapped them in the face, or the ones who saw it coming and tried to warn us?</p><p></p><p>And what this has to do with Obama taking people's guns I have no idea. <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="henschman, post: 1086589, member: 4235"] Oh wow, this has now turned into an economics discussion? OK, i'll throw in my .02 worthless, inflated FRNs on that subject. What I don't get is why we keep on listening to the supposed "experts" on economics and monetary policy, such as Geithner, Bernanke, Paulson, etc., when none of them saw ANY of this current mess coming, nor did anyone of the economic philosophy they subscribe to (Keynesianism). Yet we keep on listening to people who espouse this philosophy (which is very big-government oriented, which may have something to do with why all government economists are Keynesians). There is an economic philosophy called the Austrian School of thought which is in the minority in academia and is non-existent in government circles who predicted this current mess, along with pretty much every major crisis from the Great Depression on. They have a completely different theory regarding the business cycle, which makes a lot of sense if you look into it. The Austrians tried to warn us about where all the Keynesians' policies were leading us. Now that they are proven right, they are still largely ignored by the media, the government, and the people. We keep on letting the same idiots lead us down the same road. BTW, the Austrians advocate the exact opposite of what the Keynesians advocate. The Austrians say we need LESS regulation, LESS manipulation of interest rates, LESS tax incentives and other causes of mal-investment... basically, LESS GOVERNMENT, MORE LIBERTY. I'll leave it up to you to decide which group we should listen to. The ones who were oblivious and didn't see the crisis coming until it slapped them in the face, or the ones who saw it coming and tried to warn us? And what this has to do with Obama taking people's guns I have no idea. :) [/QUOTE]
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