[Borodog]

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can you critique my posts on shocks, evolution of monetary control, finance (probably not needed here since this wasn't a debate so much as a teaching endeavor), and the last 2 that i dn't remember offhand what they were about?

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Is your basic belief on shocks that a fast increase in aggregate demand eventually leads to a corresponding recession and that the fed is needed to suppress over production and bolster underproduction?

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in short, yes. by managing the business cycle, the amplitude of that cycle can be reduced. "overproduction" though is a bit tricky. i'd rather say "production in excess of some limit where the next units produced will be inflationary to a point of pain as a result of instability brough on by large price increases."

but simply put, yes, manageing the businss cycle is a belief of mine as you could guess from my posts.

Barron

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Barron,

Without going into the details, have you investigated the Austrian business cycle theory?