06-04-2016, 10:50 PM
(06-04-2016, 07:32 AM)Mikebert Wrote: [Galen]Under current circumstances, the Fed doing massively stupid things, figuring out what to buy is hard. The exit strategy is even harder and this is where the Austrian Business Cycle theory has been most helpful.
[Mike]I don't understand. If the Fed is doing massively stupid things then why would you buy any financial asset? You wouldn't. So where's the problem?
There are other things to invest in. Private equity ventures can be profitable but you have to figure out which one. Depending on the particular Fed and government stupidity will determine what is profitable and for how long.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises