We’re All Austrians Now

[jimswift]

Here's Why the Fed Plan Is Failing: We’re All Austrians Now

It’s no accident that Austrian economics is newly popular. It provides the best explanation for the business cycle we’ve just lived through.

But the resurgent popularity of Austrian economics may actually be hampering the ability of the Federal Reserve to reflate the economy with low interest rate policies. Businesses, now aware of the dangers of a low-inflation sparked economic bubble, may simply be refusing to fall for the age-old boom-bust trap.

The Austrian theory of business cycles is rather straight forward:


By: John Carney
Senior Editor, CNBC.com
Published: Tuesday, 23 Nov 2010
http://www.cnbc.com/id/40340227

[Filthy Keynes]

Filthy disgusting Keynesianism is DEAD!

[Book]

It provides the best explanation for the business cycle we’ve just lived through.



http://ceoworld.biz/ceo/wp-content/uploads/2009/02/ruth-madoff-bernard-ponzi-scheme.jpg

You tell 'em Mr. Swift!

:D

[Horn]

I would have gone for Romanian jew, there isn't nearly enough dignity around to be Austrian quite yet.

[Horn]

Convenient how these guys suddenly ran out of a bloodline exactly during revolutionary period.


The Austrian branch went extinct in 1780 with the death of Empress Maria Theresa and was succeeded by the Vaudemont branch of the House of Lorraine in the person of her son Joseph II. The new successor house styled itself as House of Habsburg-Lorraine

http://en.wikipedia.org/wiki/House_of_Habsburg

http://upload.wikimedia.org/wikipedia/commons/7/7a/Habsburg_Map_1547.jpg