For a start Pericleless, Stop eating the Jam donuts, whatever neurons that may have operating in that little brain of yours seems to find its way to a sewer once a day.
I would not have been surprised at all of the absolute idiosyncratic crap that you had written , Pericluless, In fact my post notes were almost on the mark , so I will just prick your ego a little and watch you fly back to England just on the thrust vectoring of that very ego as it is deflating.
I know your frustration, but unlike in some other place towards some other persons not named Yet, Pericluless, You can not state on this Forum that you would shoot them.perrythebells. IP Addresses, Obvious with every comment - Threatening.
I know

You are an utter fraud and a Phony Pericluless, That donut must have been tangled up somewhere else , and there is a back log.

So before you continue with your diatribe on this forum or anywhere else Pericluless , Pay some respect for others Ideas or thoughts , for you do not have any.

All, Pericles is in fact one of the smartest posters on OLO and
most have a high regard for his wisdoms. Perhaps you could
apologise for your abusive post, for it puts you in a pretty
shabby light.

Thanks Yabby, much appreciated, but as far as I'm concerned the tone and content of All-'s post says everything that needs to be said about his/her ability to engage in thoughtful discussion. Not worth apologizing for.

>> In fact my post notes were almost on the mark<<

An interesting definition of "on the mark", All-.

Three descriptors - Kato, files and seventeenth century - and all of them wrong. It must be an exciting event for you, every time you unpack the weekly shopping.

As for ideas and thoughts, I do actually spend some time trying to understand the rationale behind some of the more bizarre economic theories that are, quite regularly, presented here. One of the most common is "output" from the Mises Institute, backed up by the whole Austrian School movement.

And my advice is always the same. Instead of simply churning out someone else's words, simply because you like the way they sound, or they support your particular world view, "follow the bouncing ball" to get an idea where such policies would take you.

Like many such theories, this is one that can only operate in a vacuum. There are no remedies available from Mises, only wistful, idealistic "wouldn't it be great if only..." soundbites.

There is no possibility, for example, that the world will ever again embrace a currency that is based on a mineral, whether that is gold, silver or anything else formed as a result of geological processes. Yet there is continual hankering after this concept, littered throughout Mises thinking - even on that (quite tedious) after-dinner speech you linked us to.

As I have often recommended to Arjay, try to plot out some of the consequences of Mises thinking. Understand what it means to i) existing debt, ii) future growth and iii) stable government. Unless you are able to start with a clean slate, none of their propositions has the faintest chance of ever being implemented.

Which is probably why they are happy to continue philosophising. knowing there isn't a snowball's chance in hell of them ever being proved wrong.

Pericles last yr you told us what a shining light of economic wisdom Ben Bernanke was.He is about to counterfeit another $ trillion.Do you still hold him in high regard?

There does not necessarily need to be a common theses provided by Von Misses to substantiate the validity of such a theory; With a little bit of creativity of what I mentioned of the Cato files – Essays and the level of corruption that had existed under that order and at that time; and the start up of the centralised bank in the later part of the 16th century to pay for Oligarchic plundering and Idealisms at the expense of the future population and by Inflationary means; Print their wealth where it never existed.Whilst bankrupt.

It does not correlate to any stable government, that is Oxymoronic, Government by definition has to rob the people for it to exist, and does so with violent coercion and compulsion; and who draws the line and who defends the people when government draws its own lines.
If it consumes all the capitol wealth for its own parasitic purposes, it stands to reason that there will not be capitol to expand industry – unless it is industries that are State Privileged Monopolies.
Mises did not tell me that , I just looked out the window. Nobody has the right to procure money or productivity that will in turn jeopardise and compromise future Generations by denying their right to ownership of themselves or any productive forces who the state has proclaimed to be its owner.
That is the Modern Hallmark of Despotism gone utter sectarian to serve its purpose and not yours.

Interesting observation, Arjay.

>>Pericles last yr you told us what a shining light of economic wisdom Ben Bernanke was<<

I'd be interested to see where I offered an opinion on Mr Bernanke's wisdom. I don't usually comment on individual capability.

>>He is about to counterfeit another $ trillion.Do you still hold him in high regard?<<

Your suggestion that the additional stimulus is counterfeit money will disturb those people who are going to use it. Counterfeit indicates an imitation, as in counterfeit Gucci handbags or counterfeit Patek Philippe watches. By contrast, you won't be able to tell the difference between these new dollars and all the others that are going around.

Is it the right move? Is he being "wise"?

The reality is, I would suggest, that his hands are pretty well tied at the moment. Any stimulus level of carries with it a risk, but on balance I'd say with inflation and growth both at the low end of the scale, and unemployment stubbornly high, it is probably the best option right now.

Do you have an alternative strategy you believe is better? Or, put another way, do you understand why his actions may be necessary, and what they are hoping to achieve?

Incidentally All-, I think it might be best if you first brushed up on your history.

>>...the start up of the centralised bank in the later part of the 16th century...<<

Which central Bank was that?