tag:blogger.com,1999:blog-7225373.post5032975185101817614..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: Common sense in business cycle theorizinggcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7225373.post-27871790978372221742014-04-01T01:18:52.584-04:002014-04-01T01:18:52.584-04:00"...Tyler Cowen saying the same thing. Is com...<i>"...Tyler Cowen saying the same thing. Is common sense gaining ground in discussing business cycles?</i><br />Maybe, but it seems to me that this has been Cowen's more or less consistent line since 2008, at least.<br /><br />http://marginalrevolution.com/?s=Austrian+business+cycle+theory<br /><br />"What happened is best thought of as a bubble where loose monetary policy was one of several triggers but the market response was more at fault than was government."<br /><br />"Krugman on Austrian business cycle theory....Basically he's right..."<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7225373.post-75609103329442435542014-04-01T01:05:55.136-04:002014-04-01T01:05:55.136-04:00"Does that jive with ABCT?"
More or less...<i>"Does that jive with ABCT?"</i><br />More or less, if the new monetary system is some kind of gold standard or similar. Rothbard, I think would have said you would also need to get rid of fractional reserve banking, and hell, probably credit cards and any other significant means of extending credit through "funny money, unbacked by gold".<br /><br />ABCT is complicated, and there seem to be a lot of subtle variations of it that are hard to understand. It doesn't help that its loudest proponents on the internet often contradict each other and themselves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7225373.post-21146720721936433402014-03-31T23:11:52.115-04:002014-03-31T23:11:52.115-04:00Over on the political forum that I belong to, I wa...Over on the political forum that I belong to, I was told that booms and busts would be no more if the federal reserve were to be eliminated. Does that jive with ABCT?Samson Corwellhttps://www.blogger.com/profile/10148822362930969284noreply@blogger.com