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Dan-
You are right. There isn't one. This
brings to mind first a song; "What A Wonderful World It Could Be"; and a couple
of book titles: "How I Found Freedom In An Unfree World" and
"Capitalism:
The Unknown Ideal". Not to be confused with
the theoritical construct of socialist economic systems
where there are plenty of historical examples of
abject failure after failure.
chas
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----- Original Message -----
<DIV
>From:
Dan
Goncharoff
To: <A
href=""
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, May 06, 2003 12:35
AM
Subject: Re: [RT] VON MISES AND AN
ECONOMIC BLUEPRINT?
Can anyone name a country that has successfully implemented
Austrian school economic theories?RegardsDanGMark Simms
wrote:
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type="cite">
Exactly.
Lookie here:
<FONT
face=Arial>Sarbanes-Oxley expensive for big companies -
study The Sarbanes-Oxley law, intended to reduce conflicts of
interest at big companies, has led to dramatic increases in spending on
accountants, lawyers, directors and insurance. <A
href=""><FONT
face=Arial
size=2>http://quote.bloomberg.com/apps/news?pid=10000103&sid=aVVkFszuhZAQ&refer=us
<FONT
color=#0000ff size=2>More laws = higher expense of doing business = lower
economic efficiency
<SPAN
class=605242912-05052003>
<FONT
color=#0000ff size=2>...and the end of the national anthum needs to be
changed from :
<FONT
color=#0000ff size=2>"...and the land of the free" to the "...and the land
of the lawyers".
<SPAN
class=605242912-05052003>
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<FONT face=Tahoma
size=2>-----Original Message-----From: Glen Wallace [<A
class=moz-txt-link-freetext
href="">mailto:gcwallace@xxxxxxx]Sent:
Monday, May 05, 2003 2:49 PMTo: Realtraders
ListSubject: Re: [RT] VON MISES AND AN ECONOMIC
BLUEPRINT?
Wow, that's like asking "how do I make money
in the markets" in one paragraph or less, but here are a few
distinctions:
1. government invention worsens
business cycles and prolongs recession and depression
2. they advocate sound,
non-inflationary money
3. fractional reserve banking is
imprudent, inflationary and promotes boom-and-bust cycles
4. deflation is not the bogey man
Keynesians make it out to be. It is simply a correction of
malinvestment and inflationary excesses
Here's a quote from Rothbard's 1963
"America's Great Depression" that distinguishes Austrian theory from
what we have come to know as "traditional" economic ideas, and, by
parallel, highlights the current problems in trying to solve the Japanese
banking situation:
"If government wishes to alleviate, rather
than aggravate, a depression, its only valid course is laissez-faire -- to
leave the economy alone. Only if there is no interference, direct or
threatened, with prices, wage rates, and business liquidation will the
necessary adjustment proceed with smooth dispatch. Any propping up
of shaky positions postpones liquidation and aggravates unsound
conditions. Propping up wage rates creates mass unemployment, and
bolstering prices perpetuates and creates unsold surpluses."
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<DIV
>-----
Original Message -----
<DIV
>From:
Dan C
<DIV
>To:
<A href=""
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
<DIV
>Sent:
Monday, May 05, 2003 8:36 AM
<DIV
>Subject:
Re: [RT] VON MISES AND AN ECONOMIC BLUEPRINT?
Would you speak to the differences or uniqueness of
Austrian economic theories.
Dan
Glen Wallace wrote:
If you're interested in learning more
about the Austrian economic theories, read: <FONT
face=Arial>"The Mystery of Banking" by Murray
Rothbard"America's Great Depression" by Murray Rothbard"The Theory of
Money and Credit" by Ludwig von Mises <FONT
face=Arial>The first two books give you a taste of the
theories and can be downloaded free from <A
href="">www.mises.org . The last book is
a bit dry, but I think it is considered the Austrian School bible (or
at least a pretty important hymn book). <FONT
face=Arial>Regards.To
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