On a Post-Keynsian blog, “Lord Keynes” has written about how horrible the economies of Latvia and Lithuania have been recently. What I want to know is, can the Baltic boom of the 2000s that preceded the current bust be explained by Austrian Business Cycle theory? I don’t know enough about the Scandi…

Oops, here is the blog link: Social Democracy for the 21st Century: A Realist Alternative to the Modern Left

None of the 2000s real estate bubbles, the booms and busts are explained by ABCT. (1) The Austrian Business Cycle Theory (ABCT) holds that central bank fiat money or fractional reserve banking-induced increases in credit (unbacked by commodity money) drives down the monetary rate of interest, causi…

As usual you spread your ignorance, Lord Keynes. Your are very impressive you know. I don’t know what to say now. the unique Wicksellian natural rate of interest does not exist (Lord Keynes) Saying that the existence of multiplicity of interest rates disproves the ABCT is like saying that the am…

Um. Crash Proof Meltdown Overdose (not intended to be Austrian, but the facts presented show how the situation aligns with ABCT) The Bubble (see the production blog for interviews with Austrians) Austrian predictions The Bailout Reader

“Saying that the existence of multiplicity of interest rates disproves the ABCT is like saying that the amount of saving can’t determine the amount of money the bank could loan. Remember that : the less people consume and the more people save, the more banks loan money, and the more the production s…

Links to refute all these pro-ABCT articles: http://socialdemocracy21stcentury.blogspot.com/2012/03/my-posts-on-austrian-business-cycle.html

This has to be a joke. Your claim is that the crisis of 2008 can’t be explained by ABCT, and I reference several sources doing exactly that (which you obviously didn’t even look at, as you called them “articles” when only one could even be considered an “article” and the rest were entire books or …

John James : “All you’ve done here is taken a few paragraphs-worth of abstract explanation of the theory itself from one scholar” you said that better than I would have

Do Austrians assume that there are no idle resources?

Fool on the Hill, see my reply to LK in his blog : Lord Keynes, you ironically give the evidence that you never read Huerta de Soto (or at least not entirely). You can only fool those who never read and learn about ABCT. See what de Soto had to say, in his book (2006) : The theory of the business…

Can the crash in the Baltics be explained by Austrian Business Cycle Theory?

Economics Economics Questions

John_James April 1, 2012, 2:57pm 14

See here.

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Can the crash in the Baltics be explained by Austrian Business Cycle Theory?

See here.

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