Re: [RT] VON MISES AND AN ECONOMIC BLUEPRINT?

["Kent Rollins" <kentr@xxxxxxxxxxxxxx>]

Argentina
Poland
 
Each was in an economic crisis when they 
implemented strict free market reforms and pulled themselves out.
 
Kent Rollins
 
 
----- Original Message ----- 
From: <A 
title=TheGonch@xxxxxxxxxxx href="">Dan Goncharoff 

To: <A title=realtraders@xxxxxxxxxxxxxxx 
href="">realtraders@xxxxxxxxxxxxxxx 
Sent: Tuesday, May 06, 2003 1:35 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:
<BLOCKQUOTE cite="" 
  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> 
  <BLOCKQUOTE 
  >
    <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."
     
     
     
    <BLOCKQUOTE 
    >
      <DIV 
      >----- 
      Original Message ----- 
      <DIV 
      >From: 
      Dan C 
      
      <DIV 
      >To: 
      <A title=realtraders@xxxxxxxxxxxxxxx 
      href="">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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