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View Diary: Familiarize Yourselves With A Liberal Hero / The Fallacies of Austrian Economic Ideology (108 comments)

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  •  Gold Standard caused bubbles/depressions (4+ / 0-)

    thats why we got of that shit in the first place, because it was causing huge, unsustainable bubbles.

    •  What about the crashes we're having? (1+ / 0-)
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      hmi

      The Euro crisis may not seem like much to folks here yet, but the defaults haven't hit yet.

      There's too much debt.

      I'm not advocating a gold standard but it would be prudent to examine how we've gotten to where we are and what is wrong with the economic system as is.

      The fate of nations are now in the grips of financial institutions. It's ridiculous.

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