Thirty-Day Plan for America

[Otto 83]

The article is Econ.101 drivel - presumably intended to be 'thought provoking' when actually it goes from comical to sublime (in 30 days).

What is Econ.101 drivelling about the article?

The parts between (and including) Day 01 and Day 30. Just my opinion...

I know it's your opinion--I was just hoping you'd elaborate.

Well, if we're going to live in the Land of Make Believe - why spread it out over 30 days.. why not just "Day 1" (all of the above), "Day 2" enjoy your freedom..?

[HAL 9000 96]

Sounds like a diet.

[Mr. Big Dog 10,747]

That's about the stupidest proposal I've seen to date.

Yeah. The idea of freedom is very radical nowadays--I'll give you that.

There wouldn't be a hint of freedom left after those 30 days. Chaos and anarchy, yes. Freedom, no.

You must be confusing freedom with something else, then. All 30 of these steps are towards freedom, not away.

I agree though that they're also steps towards anarchy. But, anarchy and chaos are not synonymous. Orwellianism at it's best, I suppose.

I am well aware that chaos and anarchy aren't the same. Which explains that I mentioned both. If I wanted to suggest that they're the same, then I don't think I'd have mentioned them separately. That aside, what you're dishing out here is just more of your 19th century nostalgia that has no practical relevance in the 21st century. None whatsoever.

[mRx 16]

That aside, what you're dishing out here is just more of your 19th century nostalgia that has no practical relevance in the 21st century. None whatsoever.

Please substantiate; What worked 100 years ago couldn't possibly work now.... because?

And what changed so dramatically to create such a precedent of an ever-expanding Leviathan government?

[Heracles 417]

That aside, what you're dishing out here is just more of your 19th century nostalgia that has no practical relevance in the 21st century. None whatsoever.

Please substantiate; What worked 100 years ago couldn't possibly work now.... because?

And what changed so dramatically to create such a precedent of an ever-expanding Leviathan government?

Is that a joke? Vice Versa, show me where this Austrian's theory is being used and with success.

[Heracles 417]

Austrians correctly predicted the current recession, for all the right reasons, while everyone gawked at them. It get's no more real world than that. If an idealogical theorem correctly explains and accounts for a real world situation, then the theory applies. Period. Perhaps the theory will be ever-more clear when it hits home, and the Aussie housing market crumbles. RBA Governor Stevens is an idiot; He will eventually believe that the government stimulation has rebounded the economy, and he will raise the all-time low rates. He has too. And when he does, the house of cards will come crashing down.

Care to roughly predict when this collapse of their market will happen. I am particularly interested in this, considering I just read an article yesterday about the rise in postings seeking new employees.

[Tahoma 2,292]

[mRx 16]

Austrians correctly predicted the current recession, for all the right reasons, while everyone gawked at them. It get's no more real world than that. If an idealogical theorem correctly explains and accounts for a real world situation, then the theory applies. Period. Perhaps the theory will be ever-more clear when it hits home, and the Aussie housing market crumbles. RBA Governor Stevens is an idiot; He will eventually believe that the government stimulation has rebounded the economy, and he will raise the all-time low rates. He has too. And when he does, the house of cards will come crashing down.

Care to roughly predict when this collapse of their market will happen. I am particularly interested in this, considering I just read an article yesterday about the rise in postings seeking new employees.

Umm. I did predict when it would happen--When Stevens raises the interest rate.

[mRx 16]

That aside, what you're dishing out here is just more of your 19th century nostalgia that has no practical relevance in the 21st century. None whatsoever.

Please substantiate; What worked 100 years ago couldn't possibly work now.... because?

And what changed so dramatically to create such a precedent of an ever-expanding Leviathan government?

Is that a joke? Vice Versa, show me where this Austrian's theory is being used and with success.

Jesus Booyah, I already did that too.

[Heracles 417]

Umm. I did predict when it would happen--When Stevens raises the interest rate.

I predict one day we will run out of natural oil. Gezz what a genius I am. I predict China will rise and surpass America. Man I am like Einstein 2.0. Ah ####### he was born in Germany, so not as smart as those Austrians.

[Heracles 417]

Jesus Booyah, I already did that too.

When I first got here and analyzed the US market, I realized it was overinflated and was due for a correction. as such, I did not buy a house and still have not. This is not due to some sort of free-market crystal ball.

I have seen this guy a number of times before and disagree with a number of his principles. Especially the there should be no government spending. That is just wrong. There should be spending but on large long-term and beneficial projects such as infrastructure. Which create jobs and benefit people by improve the standard of living. Another example, your article disagrees with funding airports yet our airports are already some of the crappiest in the developed world. Melbourne and Sydney's main airports have been privatized. So it's a joint public / private venture with the government. Same way the outer-loop beltway is being upgrade and paid for by an Australian company called Transurban. Public/Private ventures are the way to do. After all, it is what has and what is building Australia.

Edited September 8, 2009 by Booyah!

[mawilson 2,133]

I predict one day we will run out of natural oil.

I predict China will rise and surpass America.

Neither is a certainty.

[Heracles 417]

I predict one day we will run out of natural oil.

I predict China will rise and surpass America.

Neither is a certainty.

Exactly. About as certain as Matt's predictions. I'm not basing any ideas or forecasts on 100 year old experts. Completely different market dynamic back then. Simple example, it took months just to get across the ocean. People back then could not have fathomed the global world we live in today.

Edited September 8, 2009 by Booyah!

[HAL 9000 96]

The Governator is Austrian.

[mRx 16]

Umm. I did predict when it would happen--When Stevens raises the interest rate.

I predict one day we will run out of natural oil. Gezz what a genius I am. I predict China will rise and surpass America. Man I am like Einstein 2.0. Ah ####### he was born in Germany, so not as smart as those Austrians.

All I'm saying is that as soon as AU thinks that the worst is over for them, they will need to raise the interest rates. The current all-time low rates are unsustainable; The RBA knows this. The housing subsidies will end by the end of the year (provided they do not extend it). This will have an effect on real estate demand, as marginal buyers will be squeezed out when the subsidies end. This is not a vague prediction.

To re-cap:

*You believe the housing prices in Australia are sustainable, stable, and will continue to rise.

*I believe they are not sustainable and will crash as soon as the interest rate is raised and the subsidies end.