Comments on: Rational expectations, Keynesianism, and Austrian Theory http://www.citizeneconomists.com/blogs/2009/02/06/rational-expectations-keynesianism-and-austrian-theory/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Wed, 08 Feb 2012 04:44:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Vipin http://www.citizeneconomists.com/blogs/2009/02/06/rational-expectations-keynesianism-and-austrian-theory/comment-page-1/#comment-6023 Vipin Sun, 08 Feb 2009 13:57:51 +0000 http://vipinveetil.wordpress.com/?p=1231#comment-6023 I think you mean the "RSE and Keynesians", not "RSE and Austrians" I think you mean the “RSE and Keynesians”, not “RSE and Austrians”

]]> By: Dirk http://www.citizeneconomists.com/blogs/2009/02/06/rational-expectations-keynesianism-and-austrian-theory/comment-page-1/#comment-5959 Dirk Fri, 06 Feb 2009 21:17:42 +0000 http://vipinveetil.wordpress.com/?p=1231#comment-5959 Nice article. The RSE and Austrians both underestimate the power of the Fed to create global financial crisis. If the bottom line goal is to create and distribute goods and services as widely (if not equally) as possible, these gyrations do not help. They destroy confidence, and when you're trying to get more people to come out and participate and create, confidence is important. Hopefully, Obama and friends won't destroy confidence in markets and rule of law before the Fed undoes its damage, and next time the Fed and those who talked down our economy in 2004-2007 will have learned their lesson. And when a China engineer has to work 3 years to buy the same car a US engineer can afford in 6 months, something's gonna give- namely, the US dollar. Nice article. The RSE and Austrians both underestimate the power of the Fed to create global financial crisis. If the bottom line goal is to create and distribute goods and services as widely (if not equally) as possible, these gyrations do not help. They destroy confidence, and when you’re trying to get more people to come out and participate and create, confidence is important.

Hopefully, Obama and friends won’t destroy confidence in markets and rule of law before the Fed undoes its damage, and next time the Fed and those who talked down our economy in 2004-2007 will have learned their lesson.

And when a China engineer has to work 3 years to buy the same car a US engineer can afford in 6 months, something’s gonna give- namely, the US dollar.

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