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The FDR Myth

Government Ag Policies: Harvesting Absurdities | Robert P. Murphy

The lecture starts at about the 6 minute mark.
 
Economics, finance, all of the markets are influenced by human behavior. Consequently, what was right in one time is not right in another. Markets are dynamic. Supply side? Demand side? It all depends. Google Andrew Lo.

You are right, but only if the situation is in your realm.

Bo
 
I love the quote from Catch 22 @ 28 minutes...

"Major Major’s father was a sober God-fearing man whose idea of a good joke was to lie about his age. He was a longlimbed farmer, a God-fearing, freedom-loving, law-abiding rugged individualist who held that federal aid to anyone but farmers was creeping socialism. He advocated thrift and hard work and disapproved of loose women who turned him down. His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn’t earn on new land to increase the amount of alfalfa he did not produce. Major Major’s father worked without rest at not growing alfalfa. On long winter evenings he remained indoors and did not mend harness, and he sprang out of bed at the crack of noon every day just to make certain that the chores would not be done. He invested in land wisely and soon was not growing more alfalfa than any other man in the county. Neighbors sought him out for advice on all subjects, for he had made much money and was therefore wise. “As ye sow, so shall ye reap,” he counseled one and all, and everyone said, “Amen.”"
 
Economics, finance, all of the markets are influenced by human behavior. Consequently, what was right in one time is not right in another. Markets are dynamic. Supply side? Demand side? It all depends. Google Andrew Lo.

You are right, but only if the situation is in your realm.

Bo

I recommend "Human Action" by Ludwig von Mises...
 
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