tag:blogger.com,1999:blog-19769829.post889077489667637898..comments2024-02-09T19:44:17.241+00:00Comments on AngloAustria: Bootle has his cake and eats itJack Maturinhttp://www.blogger.com/profile/00903651577858853608noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-19769829.post-88496726710794740832009-03-10T14:20:00.000+00:002009-03-10T14:20:00.000+00:00Nice work! :-)Here's the relevant bits for everyon...Nice work! :-)<BR/><BR/>Here's the relevant bits for everyone else:<BR/><BR/>Ambrose quote:<BR/><BR/>"Reading contemporary accounts, it is clear that hardly anybody not even Keynes or Fisher realised that the world was slipping into a depression during the first 18 months." <BR/><BR/>Heroic response:<BR/><BR/>"Your articles are always excellent, Ambrose. But please give Friedrich Hayek and Ludwig von Mises the credit they deserve since they did predict what Keynes and Fisher missed."<BR/><BR/>I'll bet Ambrose will even have got the point, and if we can help him enough, he may even EVENTUALLY come on board, unlike Edmund Conway, who will go down all guns blazing, while still praising the Devil Incarnate. (Though it is fun to see Edmund Conway get increasingly riled by his anti-Keynes commenters.)Jack Maturinhttps://www.blogger.com/profile/00903651577858853608noreply@blogger.comtag:blogger.com,1999:blog-19769829.post-34020236123847719992009-03-10T11:52:00.000+00:002009-03-10T11:52:00.000+00:00Yes, deep down Ambrose knows the truth, but I thin...Yes, deep down Ambrose knows the truth, but I think he senses that voicing it would place himself outside of "polite society" , so he sticks to the safer monetarist/Keynesian line.<BR/><BR/>I can forgive his timidity though, because his articles are always a good read.<BR/> <BR/>Here's the link:<BR/><BR/>www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4958395/Thanks-to-the-Bank-its-a-crisis-in-the-eurozone-its-a-total-catastrophe.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19769829.post-32046126435756512192009-03-10T09:49:00.000+00:002009-03-10T09:49:00.000+00:00"I also upbraided Ambrose Evans Pritchard for writ..."I also upbraided Ambrose Evans Pritchard for writing that hardly anyone saw the Great Depression coming, "even Keynes and Fisher" , when of course Hayek and Mises did predict it."<BR/><BR/>Nice work, Brett. It's always fun to slam-dunk Ambrose.<BR/><BR/>I think he is the most interesting of the Keynesian shill on the Torygraph, because you sense he wants to swing in an Austrian direction, but his thorough drenching in University Economics (i.e. Keynesian economics) keeps prventing him.<BR/><BR/>Do you have a link to the article?Jack Maturinhttps://www.blogger.com/profile/00903651577858853608noreply@blogger.comtag:blogger.com,1999:blog-19769829.post-76715880331343492512009-03-10T00:29:00.000+00:002009-03-10T00:29:00.000+00:00Ineresting position from Bootle given the title of...Ineresting position from Bootle given the title of his book "Money for Nothing"...:)Jock Coatshttps://www.blogger.com/profile/15550558005508328017noreply@blogger.comtag:blogger.com,1999:blog-19769829.post-36336111790993964052009-03-09T21:14:00.000+00:002009-03-09T21:14:00.000+00:00Rogers is asked what he thinks about QE in a new i...Rogers is asked what he thinks about QE in a new interview on You Tube. He replies by simply saying that he got out of Sterling six months ago and he would advise the interviewer to do the same if he has any money left in it.<BR/><BR/>Its such a simple thing to say - no fancy argument - but to my mind it was one of the most effective parts of the interview.<BR/><BR/>Link is here (4 minutes in):<BR/><BR/>http://www.youtube.com/watch?v=hMLADubfvBcnot an economisthttps://www.blogger.com/profile/08679610738502901666noreply@blogger.comtag:blogger.com,1999:blog-19769829.post-25487356913904963942009-03-09T21:10:00.000+00:002009-03-09T21:10:00.000+00:00You're correct. Roger Bootle is trying to frame th...You're correct. <BR/><BR/>Roger Bootle is trying to frame the terms of the debate, so that only Keynesians can win. Apparently even the failure of QE can only be an indication of its eventual success!<BR/><BR/>Bootle wrote in today's DT:<BR/><BR/>" If, after the three months which the Bank has set itself to complete its purchase of gilts, asset prices and lending are no higher, then the policy will not have worked and will not be going to work. So the Bank would have to increase the dose. The policy will work eventually..." <BR/><BR/>I also upbraided Ambrose Evans Pritchard for writing that hardly anyone saw the Great Depression coming, "even Keynes and Fisher" , when of course Hayek and Mises did predict it.Anonymousnoreply@blogger.com