Arraya,
If I pointed you to an Austrian model that protected from major failures and led the most prosperous country through 200 years of unprecedented growth into the biggest super power ever known would you use that as evidence that model worked or would you just shrug your shoulders and disregard it?
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huh? Are you are pointing to this rise of the US as empirical evidence of Austrian economics working?
[quote=markmax33]
If the fed had let the tech bubble burst and didn’t blow up the housing bubble we would have MASSIVE GROWTH BY NOW AND WOULD HAVE EASILY ECLIPSED WHERE WE WERE! Don’t you get it? When you let a sector fail, the people leave and get retrained and the rest of the economy is fine. If you blow up a bigger bubble you crush more people. The next bubble is currency bubble and that destroys everyone.[/quote]
Again, this is a statement based on loose correlations of things that sometimes happen under certain circumstances – that’s it.
If we did not have the housing bubble we have no idea what would have happened. In my estimation if we did not have the bubble and the war we would have been in depression along time ago.
