Ha! Recently I began watching an anime called Kurozuka…couldn’t finish it. Too confusing, too brutal. Normally I’m able to handle brutal stuff in movies and anime, but this one…I don’t know, I just couldn’t do it.
Following my professors lecture:
Greenspan believed in a free market.
He almost never intervened
I [my professor] had a conversation with him about how Ayn Rand influenced his policy. I [my professor] have never read any arn rand and Greenspan told me to read atlas shrugged.
Greenspan followed a lot of the rand’s philosophy.
rand was very similar to another school of economics that you might have heard about, the Austrian School of Economics
Conclusion Greenspan was pretty much an Austrian that refused to act and caused to the huge recession we are in right now. Therefore, free markets that the austrian school want dont work and this bust is proof.
He was looking at me for most of the time. I could tell that he read an article or something on AE since he has been unable to refute a couple of my quizzes. i had told him a couple economist that i derive my theories from.
Ask him about the dot-com bubble and housing bubble.
Grant - that is hilarious! Unfortunately, you might be singlehandedly responsible for a professor now misleading about 500 future economists about Mises and Rand. Fix it!
lol i know! i was just in shock NNOOOO!!! Greenspan ISNT AUSTRIAN! Is this bizarro world!? What the hell is going on!
i chimed in and corrected him. I mentioned that setting fed policy to force interest rates to near 0% for years isnt a ‘hands off’ Austrian approach. Its the opposite its constantly hands on manipulation of the markets.
I dont think he understands that there is a difference between free markets and setting policy and not changing it.
next lecture is going to be bernanke is Austrian! he gave banks trillions and just let them spend it anyway they want. hands off approach.
Clayton -
Grant - if I were you, I’d ask for my money back. If the situation is as you describe it, then your teacher is an idiot. Not for not understanding Austrian economics, that is easily forgivable. But for not understanding Greenspan’s monetary policy.
Grant, tell him that if keeping interest rates the same is hands-off monetary policy, then China’s one-child policy is hands-off family planning.
Just got off the phone with my English teacher. She was saying to me that at the time, she was pro-Afghanistan War. I didn’t come out and say my opposition to the state, being that she was talking about anarchy being “chaos,” but did hint at it one point by referencing Anatomy of the State by saying “I try not to use the word ‘we’ when referring to the government” but then she said this crap about “we are a nation united, so yes ‘we.’”
Ugh.
I wish some of these pro-afghanistan war people were a little bit more informed about afghanistan and war in general, for instance, afgh has a great nickname: the graveyard of empires. Also “we” have been fighting there for over 11 years and “we” have yet to even control the entire territory-meaning its a mistake to compare afgh to irak, or call it a coin effort. Its not coin when your enemy still has an official presence. “They” even put an ombudsman in kabul a few years back.
Yeah. I was trying so hard not to retort by saying “oh, so I guess the Jews committed suicide in the Holocaust?” Or “So you and I are the ones killing families overseas with drone strikes?”
After all, the last thing I want to do is say “patriotism is for tools” to a patriotic person who happens to be in charge of my High School transcripts.
Patriotism is fine. Nationalism is not. Patriotrism, properly defined, is loyalty, respect, solidarity, and aid to your community of like-minded, morally-upstanding individuals. Sadly, most people don’t define it this way.
Heh.
Quick question for the an-caps here. I’ve noticed that black and yellow are your colors and a quick lookup on Wikipedia says that the black generally symbolizes anarchy and the yellow symbolizes gold. At first I thought those colors came from the black and yellow flag of Austria-Hungary, because of “Austrian” Economics. 
Anyone else noticed that? I’m guessing that’s just a coincidence.
watching a documentary on the bubble.
They interview a mexican immigrant who makes 47000 a year with a wife and 3 kids. He bought a 600,000$ home. wtf?! haha unreal.
At first I thought those colors came from the black and yellow flag of Austria-Hungary, because of “Austrian” Economics.
Black and yellow was the flaf of the Austrian Empire without Hungary, but interesting coincidence!
3rd party debate (ok, a little late!):
