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Old 08-10-2007, 04:54 PM
DcifrThs DcifrThs is offline
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Join Date: Aug 2003
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Default Re: The Federal Reserve: Love it or Hate it

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For the austrians here, what statistics should we be using to measure the health of an economy?

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This is like asking the Austrians, "Ok, so if you don't like democracy, how SHOULD we pick our national leaders?"

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so analogously Austrians don't believe in measuring the health of an economy like those who don't believe in democracy don't believe in picking their leaders?

so how would you suggest we judge if an austrian system was working better or worse than what we have now? you have to have some measures to judge the difference, right? am i missing something obvious that states that the second austrian economics is enstated it is uncontestably obviously optimal and we no longer need to worry about trying to measure the health of an economy?

or is it that no matter what the "state" of the economy is at present, it isn't important to austrian economics (this could be the case, i just don't know) since it holds no barring on the case for austrian economics.

is this what you meant? if not, what do you mean by that analogy?

Barron
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