posted 23-12-2008 23:44            

"The credit expansion boom is built on the sands of banknotes and deposits. It must collapse."
...
"Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous."
...

"Ludwig von Mises is internationally known as the head of the "Austrian school" of economics, the teacher of F. A. von Hayek and of many other economists. He was for twenty-five years Professor of Economics at the University of Vienna and from 1934 to 1940 Professor of International Economic Relations at the Graduate Institute of International Studies in Geneva. He has lectured at British, French, Dutch, Italian, German, and Mexican universities and the Graduate School of Business Administration, New York University.
"
-- http://www.investmentrarities.com/thewisdomoflvm.html

posted 07-01-2009 23:16            

The Phillips curve is a historical inverse relation and tradeoff between the rate of unemployment and the rate of inflation ...
's prediction. This stagflationStagflation

Stagflation, a portmanteau of the words stagnation and inflation, is a term in macroeconomics used to describe a per...
meant that the simultaneous application of expansionary (anti-recession) and contractionary (anti-inflation) policies appeared to be necessary, a clear impossibility. This dilemma led to the end of the Keynesian near-consensus of the 1960s, and the rise throughout the 1970s of ideas based upon more classical analysis, including monetarismMonetarism

Monetarism is a set of views concerning the determination of national income and monetary economics....
, supply-side economicsSupply-side economics

Supply-side economics is a school of macroeconomic thought which emphasizes the "supply" part of supply and demand....
and new classical economicsNew classical economics

New classical economics emerged as a school in macroeconomics during the 1970s....
. At the same time Keynesians began during the period to reorganize their thinking (some becoming associated with New Keynesian economicsNew Keynesian economics

New Keynesian economics developed partly in response to new classical economics....
); one strategy, utilized also as a critique of the notably high unemployment and potentially disappointing GNP growth rates associated with the latter two theories by the mid-1980s, was to emphasize low unemployment and maximal economic growth at the cost of somewhat higher inflation (its consequences kept in check by indexing and other methods, and its overall rate kept lower and steadier by such potential policies as Martin Weitzman's share economyMartin Weitzman

Martin Lawrence "Marty" Weitzman is a well known-economist and a Professor of Economics at Harvard University....

posted 12-01-2009 23:21            

Og hva fant han? Jo, nettopp sånne typer som Brandtzæg. Teknokrater som kunne det de holdt på med, som fremstår som beskjedne, sympatiske og litt kjedelige. Som har vært i selskapet bestandig, alltid med gode resultater.

posted 24-01-2009 00:29            

Finansiell støtte til selskaper som holder på å gå konkurs og som egentlig ikke har livets rett, kan være med på å forlenge en økonomisk stagnasjon.