How to Fix the Housing Crisis | Douglas E. French

[ame="http://www.youtube.com/watch?v=DPlhxTc-6ww&feature=g-u-u&context=G28d8ca0FUAAAAAAACAA"]How to Fix the Housing Crisis | Douglas E. French - YouTube[/ame]

 

It's amazing how many people in government and the Keynesian 'elite' who clearly have NO IDEA about realistic macro-economics.

 

Check 26:59...sad...very sad.

 

And how to fix the housing crisis?

From 30:08.

 

Considering the fact hat Keynesian have been correct the whole time for the past 10 years anyone with a brain would conclude they have an idea about economics

 

How has Keysnianism been correct?

What was the multiplier from stimulus spending?

 

Ill list things that Keynesian have been correct on that Austrians have been incorrect on.
1) banking deregulation would lead to prosperity
2) utility privatization would lead to lower costs
3) large government deficits would lead to inflation
4) British deficits and lower interest rates would cause hyperinflation
5) Cuts in government spending would result in GDP growth
6) Private competition in Medicare would reduce costs
7) Large government deficits and spending would crowd out private spending
Cap-and-trade/environmental regulations would hurt the economy
9) Government deficit reductions would lead to lower interest rates
10) Tax cuts for the rich would result in more tax revenue
11) Tax cuts for the rich would increases living standards for poor people
12) Leaving the gold standard would hurt the economy
13) 2010-early 2011 inflation increases would lead to hyperinflation
14) Government spending is always wasteful
15) Privatization is always beneficial

 

And your links to unbiased proof for all these points is.......?

 

Maybe if you didn't have your head in the sand complaining about Obama you would of been able to notice history as it occurred

 

In other words....none.

Duly noted.


Have a nice day.

 

Be fair now. The Austrians are only a marginal school who, through ideological splurge, concentrate on a very small list of topics. They're bound to be wrong on most things, but you never know when it comes to that very small list of topics. They may be the Dog's...

 

And Republicans trumped be history once again

 

Unproven history with ZERO unbiased facts/evidence to back it up...sure.

 

The price of housing needs to be allowed to fall to its current market level.
This might not be good for homeowners, but it will help people who do not own a home be able to afford one.

It is completely unfair for hte government to be trying to artificially keep housing prices up. The cause of the problem to begin with was that the price of housing rose to such unsustainably high levels.

 

Ill list things that Keynesian have been correct on that Austrians have been incorrect on.
banking deregulation would lead to prosperity
http://en.wikipedia.org/wiki/Late-2000s_financial_crisis
2) utility privatization would lead to lower costs
http://www.usatoday.com/money/industries/energy/2007-04-21-electricity_N.htm
http://www.foodandwaterwatch.org/water/private-vs-public/economic-failures-of-private-water-systems/
3) large government deficits would lead to inflation
http://www.bls.gov/
4) British deficits and lower interest rates would cause hyperinflation
5) Cuts in government spending would result in GDP growth/employment growth
http://www.newyorker.com/online/blo...-failed-experiment-in-austerity-policies.html
http://norightturn.blogspot.com/2011/12/austerity-fails-in-greece.html
http://finance.fortune.cnn.com/2010/11/15/austerity-fails-to-save-ireland/
6) Private competition in Medicare would reduce costs
http://krugman.blogs.nytimes.com/2011/04/04/on-not-learning-from-experience/
7) Large government deficits and spending would crowd out private spending
http://www.bea.gov/
http://www.moneycafe.com/library/primerate.htm
Cap-and-trade/environmental regulations would hurt the economy
http://www.analysisgroup.com/rggi.aspx
9) Government deficit reductions would lead to lower interest rates
http://www.moneycafe.com/library/primerate.htm
10) Tax cuts for the rich would result in more tax revenue
http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://www.dailykos.com/story/2011/10/07/1023909/-The-Triumph-of-the-1-in-Pictures-?via=spotlight
11) Tax cuts for the rich would increases living standards for poor people
http://www.usgovernmentrevenue.com/revenue_history
12) Leaving the gold standard would hurt the economy
http://www.thedailykrugman.com/?p=24
13) 2010-early 2011 inflation increases would lead to hyperinflation
http://www.bls.gov/
14) Government spending is always wasteful
http://www.snopes.com/politics/gasoline/clunkers.asp
http://americanmanufacturing.org/bl...ts-mep-generates-32-benefits-every-1-invested
http://www.dlc.org/documents/AmeriBook/AmeriBook.pdf
15) Privatization is always beneficial
http://www.bbc.co.uk/news/uk-politics-12920843
http://law.justia.com/newjersey/codes/dcb6/dcef.html
http://www.progressivestates.org/node/23862

Now go away or pull your head out of the sand

 

I will give you credit for posting all these links.

Unfortunately, those that I have glanced at seem to be opinions rather then hard evidence of the points you makes.

I will look at them in more detail later.


BTW - what is your solution for fixing the housing crisis?

 

Leave it to republicans to think statistics are opinions.

 

And which of those links to statistics unbiasedly proves your respective point.

Not provides some data to support it - PROVES IT?

You earlier said that Keynesians HAVE BEEN correct...not 'might have been correct'.

For you to accurately make a matter-of-fact statement like that...you would need conclusive proof to back it up.

Where is yours?

All I see are opinions (from someone as ridiculously biased as Paul Krugman) and a few stats that only offer one side to a story.

 

The housing bubble and the banking crises already occurred, there is no solution unless one has a time machine.
However if I could go back in time I would simply of left in place the regulations that made it illegal for banks to make the poor and fraudulent loans that they did make. I would of also made all banking entities subject to those regulations given that the banks subject to even the modest regulations left in place did not participate much in the crises.

Now if by solve the housing crisis you mean get unemployment to 4% Id do this:
Have the government borrow money (given that treasury interest rates are build all the infrastructure (including trains, energy, water, roads electricity) that we will need in the next 25 years.
Id also provide funding for every poor child to attend pre-school , I'd weatherize every home, I'd give rebates for more fuel efficient cars, rebates for energy efficient appliances, Id make all insurance (heath, car etc) single-payer systems.
Given that all those are more then enough to bring unemployment down to 4% ill stop there

 

Maybe you should of visited at least one of he links before posting about them, maybe then you'd have a clue.

 

No...I meant how do you fix the problem as it exists today - or have you not noticed all the foreclosures and delinquent mortgages that are in America right now?

Typical Keynesian mooching solution to everything....just print your problems away.



Where is your unbiased, factual proof that the point Mr. French made at the end of the top linked video would not work?

 

I did - and which ones and in exactly which way do any of these links PROVE your point matter of factly?


And btw - when are you going to show where in the other thread that you called me a liar - that I actually lied?

 

Yes because policies that would bring unemployment to 4% and save the economy trillions of dollars are clueless...
Notice how all your posts in this whole thread haven't yet put forth an intellectual thought? Do you think that is telling of your mental ability?

 

Where is your link to unbiased factual PROOF - not opinions - that this would be the result?

And you have accused a member on here of lying and you not only have not shown ANY evidence that this person lied - but you also avoid the question every time it is presented to you.

What does that say about your honor?

 

Jesus did you really already forget about that post were there were like 13 sources.... Hell you even responded to that post...
I'm betting you are just ranting and raving in hopes to distract from that post.