tag:blogger.com,1999:blog-7658874470833994309.post1772623820948473987..comments2023-10-20T10:46:21.208+01:00Comments on Knowing and Making: Hey Austrians - where are the numbers?Leigh Caldwellhttp://www.blogger.com/profile/16150868700502562500noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7658874470833994309.post-32838766364680765152010-04-18T01:46:52.213+01:002010-04-18T01:46:52.213+01:00PunditusMaximus, feel free to try and disprove any...PunditusMaximus, feel free to try and disprove any portion of the Austrian theory using empirical evidence and testing. <br />Austrians do not preclude you from trying. <br /><br />Please go ahead and publish an empirical paper proving that minimum wages actually raise employment and wealth (for example). Austrians will certainly care to respond to your irrefutable invalidation.Julien Couvreurhttps://www.blogger.com/profile/15158751165174523704noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-50284419887365999072010-04-18T01:38:42.356+01:002010-04-18T01:38:42.356+01:00"In short: what are the numbers? What is the ..."In short: what are the numbers? What is the natural, sustainable rate of reallocation of people between sectors; how fast was it happening over the last six years, how fast is it now, and how fast should it be for optimal recovery and growth?"<br /><br />The question, unfortunately, only makes sense to a neoclassical economist. It presumes that sectors can be defined. Then it presumes Julien Couvreurhttps://www.blogger.com/profile/15158751165174523704noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-77493483625868736262009-10-06T08:30:02.163+01:002009-10-06T08:30:02.163+01:00Why did it go into houses? Fannie Mae? Freddie M...Why did it go into houses? Fannie Mae? Freddie Mac?<br /><br />Why does the stimulus stop it? It doesn't.<br /><br />You want your data, look at 1921. No govt spending, rapid reallocation.nateshttps://www.blogger.com/profile/15435366822363103045noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-9689803251283689972009-10-06T05:43:38.953+01:002009-10-06T05:43:38.953+01:00My response:
http://engelhardtlm1.livejournal.com...My response:<br /><br />http://engelhardtlm1.livejournal.com/200251.html<br /><br />Naturally, feel free to comment.Unknownhttps://www.blogger.com/profile/16437750433283509380noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-10778825947313573842009-10-04T22:57:50.879+01:002009-10-04T22:57:50.879+01:00How is a nontestable worldview different from a re...How is a nontestable worldview different from a religion?PunditusMaximushttps://www.blogger.com/profile/09249723289837838687noreply@blogger.com