(05-29-2016, 01:06 AM)Ragnarök_62 Wrote: Yes. Uh, you forgot the shit for brains cabal at the Fed as well. Like I said before, they obviously can't spot a bubble if it smacked their inflated ego brains. Also, again the Fed should be abolished because the aforementioned shit for brains cabal thinks it can set the proper interest rate. Centrally planned price of money [interest rate] is impossible.
Of course Rags ain't no smarty pants so he has no idea what "praxeology" , "Thomism", or "scientia" means.
Scientia looks close to sciatica which I suppose scientia means "pain in the ass".
No, I didn't. All of the Fed people are exactly what I would expect a mainstream economist to be. Getting rid of the Fed and going to commodity money is really the only way to keep this kind of crap from happening.
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