lets welcome more indian nationals into the country to work in tech business

[NotAllThere]

...
So maybe you have it the wrong way round.

No. I think it's you.

Your responses smack of "quick, I'd better google for a rebuttal".

[Robinho]

As for this, are you claiming there are the same levels of unemployment during a boom than during a recession?

That doesn't sound consistent with reality.

OMG you have actually quoted this argument straight from Paul Krugman's blog.

Martin And The Austrians - NYTimes.com




This is the imbecile that claims that an alien invasion would get us out of this recession.



So not only are you copy and pasting arguments, you are quoting the arugments of a complete moron.

No. I think it's you.

Your responses smack of "quick, I'd better google for a rebuttal".

Yes that's right, it's me

[Mich the Tester]

If any of you fancy de-cretining yourself in the field of Austrian School economics, here's a few nice books you can read...

Prices and Production, Hayek....

http://mises.org/books/hayekcollection.pdf

How an Economy Grows, and Why it Crashes, P.Schiff....

How an Economy Grows and Why It Crashes: Two Tales of the Economy: Amazon.co.uk: Peter D. Schiff, Andrew J. Schiff: Books



Additionally anything by...

Milton Friedman
Thomas Woods
Robert P Murphy
Murray Rothbard
Adam Smith

is good value.

Or you could just continue to flounder around in your own ignorance i guess.

Have you read what Friedman said about the Austrian school's theory of business cycles?

[eek]

I think you're getting it the wrong way round dear.

Austrians often back a gold or other standard, ie, money is a commodity. Or even competing currencies (Hayek).

Keynsians like to print money and effectively destroy saving in order to "stoke demand".

Keynesianism is also the economic theory widely discredited.

So maybe you have it the wrong way round.

I don't think so. I never mentioned Keynesian merely John Maynard Keynes due to the fact he was the first to record that people actually save money and do not necessarily spend everything they receive.

If you want to go off at another tangent regarding Keynesian go ahead but boy the hole you've dug for yourself is awfully deep.

[Mich the Tester]

http://forums.contractoruk.com/gener...ml#post1694986

Saved for posterity; Robbie arguing with himself.

[sasguru]

I think you're getting it the wrong way round dear.

Austrians often back a gold or other standard, ie, money is a commodity. Or even competing currencies (Hayek).

Keynsians like to print money and effectively destroy saving in order to "stoke demand".

Keynesianism is also the economic theory widely discredited.

So maybe you have it the wrong way round.

So Austrians 100% correct, Keynesians 100% wrong, all other theories 100% wrong.
Wow finally a breakthroiugh in the social science that is economics.
When are you going to collect your Nobel?

You complete halfwit simpleton.

[eek]

As for this, are you claiming there are the same levels of unemployment during a boom than during a recession?

That doesn't sound consistent with reality.

no I'm not. Evidence shows that unemployment differs between boom and bust. However your pet theory doesn't and cannot explain why its different.

[NotAllThere]

So Austrians 100% correct, Keynesians 100% wrong, all other theories 100% wrong.
Wow finally a breakthroiugh in the social science that is economics.
When are you going to collect your Nobel?

You complete halfwit simpleton.

I think half is overstating it.

[Robinho]

Have you read what Friedman said about the Austrian school's theory of business cycles?

Yes, i don't agree with Milton on everything - he was Chicago School. However, he's done a lot of good. I also quite like his ideas on the extent of the state.

[Robinho]

So Austrians 100% correct, Keynesians 100% wrong, all other theories 100% wrong.
Wow finally a breakthroiugh in the social science that is economics.
When are you going to collect your Nobel?

You complete halfwit simpleton.

**** me your verbal reasoning skills are poor.

Maybe go back to processing numbers sas.