[quote=markmax33]
I’m not attacking Rich, I’m just saying that I emailed him and he didn’t seem to think reform of the FED was an important thing.[/quote]
I have no idea where you came up with that. What I said was:
– I am more interested in looking forward at what happens next than doing a post-mortem on something that already happened
– It is a waste of time to argue about policy anyway because everyone is already decided on what’s best and you just end up going in circles
– I don’t have much time to write any more so I focus my housing-related efforts these days on documenting what’s going on in the present
I also pointed you to a couple things I’d written that were in support of the idea that people ought to pay more attention to the Austrian economic framework (that being the topic you emailed me about) in diagnosing the economic cause and effect. So again, I have no idea where you came up with the paraphrase above as I never said anything of the sort.
As for the idea that I am uninterested in or oblivious to the causes: during the bubble I spent a tremendous amount of time discussing and theorizing as to the causes of how the bubble came to be. The conversation has already happened… it’s not a good use of time to rehash something that I’ve already written in the past. Such are the limitations of the blog format that it can be difficult to find older stuff, but just because you didn’t find (or, from the sounds of it, look for) writings on a given topic doesn’t mean you should assume that the topic was never addressed.
Other topics:
– I suggest you familiarize yourself with the political threadjacking policy of this site: http://piggington.com/threadjackers_will_be_persecuted_maybe_even_prosecuted . I agree with you that discussing the causes of the bubble is a valid topic, and that the Austrian economic framework has a lot to offer in that regard. But that’s different than spamming the forums with political cheerleading posts. So please try to keep the discussions more oriented towards causes and less towards Ron Paul boosterism.
– Sorry, but this is a peeve of mine: it’s “Fed,” not “FED” — the word “Fed” is not an acronym; it’s a shortened version of “Federal Reserve.”
– As for how I feel about the Fed, I think the quote sdduuude dug up sums it up pretty nicely.
Rich
PS – my thanks to sdduude and patientrenter, both of whom I respect a lot and value highly as forum participants, for the kind words.
