But back to Mises. I had not studied Mises until very recently. The problem is this. The Bernank has committed to easing until.......until. So, we are going to live or die by the Keynesian model. There is no way to unwind it now anyways. While terminal velocity has not been reached, it is clear to see a bearish divergence between money supply and productivity. As you know if you are a technician, this is going to roll over at some point. I just wonder what will start the panic.
Romney gets elected, Bernanke is out. At that point, it only remains to see if Romney replaces him with another joker or with someone who can right the monetary ship.
But you understand what RCG is talking about, Tsing? RCG is just a babbling idiot. When you deconstruct his sentences they make very little sense. If anything he is getting worse with his mumbo jumbo babble.
If you want to be critical - there's certainly lots of things to be critical of - at least get the school of economics right. Bernanke and his policies are monetarist, not keynesian. There's a world of contention between the two.
I was responding to this: I also found it amusing that a committed liberal is indicating a concern about Keynesian economics. Rather unexpected. (I should have included the quotes in my earlier response).
You may not like him or what he says, but this thread is evident that he is trying to learn all about Mises, and that, in my opinion, earns him a star in my book.
This is absolutely true. But monetarists are really just Keynesians who practice monetary policy instead of fiscal!