Comments on: And the beat(ings) go on. http://insideevilangel.com/2009/03/17/and-the-beatings-go-on/ Life's too short for soft porn! Fri, 20 Mar 2009 13:46:43 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: requiem http://insideevilangel.com/2009/03/17/and-the-beatings-go-on/comment-page-1/#comment-4 requiem Wed, 18 Mar 2009 23:25:12 +0000 http://insideevilangel.com/?p=604#comment-4 VERY nice post! I must say I'm impressed. Most people are too busy vilifying banks to notice that the government is the one pumping monopoly money into the economy at an ever-increasing rate, and that money has to go somewhere (and devalue existing dollars as it does). Granted, the banks did make stupid decisions, but central bank monetary policy promotes misallocation of financial resources (such as making loans to support phenomenon such as the housing bubble, tech stock bubble, etc. that inevitably result in a crash). I must say, I wasn't expecting to read something like this when I came to this site, it's a pleasant surprise to see that people know enough about Austrian economics to understand what's really going on in the economy (for the curious, "Human Action" by Ludwig Von Mises, or "Man, Economy, and State" by Murray Rothbard). Now then... :) VERY nice post! I must say I’m impressed. Most people are too busy vilifying banks to notice that the government is the one pumping monopoly money into the economy at an ever-increasing rate, and that money has to go somewhere (and devalue existing dollars as it does). Granted, the banks did make stupid decisions, but central bank monetary policy promotes misallocation of financial resources (such as making loans to support phenomenon such as the housing bubble, tech stock bubble, etc. that inevitably result in a crash).

I must say, I wasn’t expecting to read something like this when I came to this site, it’s a pleasant surprise to see that people know enough about Austrian economics to understand what’s really going on in the economy (for the curious, “Human Action” by Ludwig Von Mises, or “Man, Economy, and State” by Murray Rothbard).

Now then… :)

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