/liberty/ - Liberty

>>89886

Won't they simply print more Yuan again?

>>89886

Ah yes the China will never make it crowd shows up. You being the same people that have predicted the USA is going to financially implode for the past 60 years and always been wrong.

>>89902

> You being the same people that have predicted the USA is going to financially implode for the past 60 years and always been wrong

Nobody disproved the arguments why it will happen and nobody gave approximate dates of it happening. How can we be wrong when you have had no other answer but "hasn't happened yet"?

>>89896

>won't debtors simply go into infinite debt

They'll print for as long as they can. Why can't Zimbabwe and Venezuela just print more? Because they've already hit the rock bottom. China is getting there at its own awkward pace with how volatile its "growth" has been.

>>89902

>You being the same people that have predicted the USA is going to financially implode for the past 60 years and always been wrong

>hey if you keep poking that bear it's going to maul you

<yeah well it hasn't happened yet guess you're wrong

>>89907

>they've already hit the rock bottom

It certainly hasn't stopped them from trying.

>>89902

As anons above said, we don't purport to give exact predictions. We're not playing Friedmans game of following the theories that are proven correct by history. If we did, we'd still be Austrians, though, because as far as our predictions do go, they are pretty good. We predicted both the housing crisis and the crash of the Lira, to name two recent examples. Basically, we beat mainstream economists at a game we aren't even playing.

>>89927

>in the new few years

Nobody has given approximations of any kind. Schiff is guilty of that and he's not an economist.

>The earth is going to be destroyed tomorrow. I predict this every day though. Won't I be a genius for predicting the exact day the earth is destroyed?

You're way far off the ballpark with this one.

1, None of the Austrians have given approximate dates. You can stop trying to make it easy on yourself. None of us are going to continue with a "prove me wrong" refutation ether.

2. You'd have something if you had clear theory on what damages the Earth and should be avoided. It wouldn't make you a genius, but it would still be in every way preferable over any action that is clearly known to cause such damage and every policy toward it.

3. Being smug doesn't make you look any less lazy or dumb.

>>89928

Whats lazy and dumb is you Austrian retards making smug claims about bullshit that never pans out.

>>89929

>making smug claims

More like desperate pleas. We've never had the luxury to get away with smugness like Keynesians do.

>>89927

One crucial thing you forget is that the Austrians consistently get the how and the why correct and not just the when–even Peter Schiff, who isn't an economist and was making more general claims than the other Austrians, saw what was happening with housing and correctly predicted that mortgages would be the root of the financial crisis.

>>89929

>smug claims

>about the economy going down the shitter and people losing jobs

I couldn't afford to be that misanthropic even if I wanted to, I leave that to you and the champagne socialists.

>>89927

>Yeah man you predict the economy is going to collapse in the new few years for the last 60 years

The housing bubble did even start 60 years ago.

>>89931

>>89930

>>89933

>>89939

>predict shit is going to fail over half a century with vague useless predictions

>take credit when anything at all related to the economy fails

If China goes down the rest of the world follows.

>>89951

TLDR Austrian economics has no predictive power what so ever and is totally useless.

>>89951

There were no arguments involved in the making of this thread.

>>89886

You guys should know that American news on the chinese economy are almost certainly meant to encourage capital flight from the country. It's pure scare tactics. How many times have American news said: "The Chinese economy is going to crash aaaaany day now! Something something housing bubble".

Meanwhile the chinese economy has been the most stable in the world, continuing their growth even while the rest of the world is in recession.

>>89957

Yeah except in reality the bear gives you super powers (non austrian economics won out in literally the entire world) and the man does not die from being mauled by it but rather when he steps in a ditch.

>>89967

50 Yuan have been deposited in your account.

>>89967

>Meanwhile the chinese economy has been the most stable in the world, continuing their growth even while the rest of the world is in recession.

>China continues to publish record-breaking statistics despite the entire rest of the world being in recession

>doing the exact opposite of what should be happening is definitely a sign of commie space magic and not unsustainable growth+exaggerated statistics

>>89947

>>predict shit is going to fail over half a century with vague useless predictions

Who predicted this a half-century ago? I thought the prediction didn't start until the Fannie Mae housing quotas.

>>89992

Predictions about anything related to the reserve and lending systems have been around for ages.

>>89968

>in reality the bear gives you super powers

Again, you either have some form of down syndrome or at the least a severe lack of capacity for very basic ideas.

>>89968

Pass whatever you're smoking,

>>90033

>>90009

Very basic ideas. Like the utter failure of your economic model.

>>90044

Austrians weren't the only ones to make nearly the same prediction. Anyone who's not a diehard Keynesian or working for the Government saw it coming and called it out. That hasn't changed. They were, however, late on it.

>>89994

II'm not talking about the credit/banking market in general. I meant the predictions on the housing bubble bursting.

>>90045

>>90044

>>90047

>>90048

>constantly make predictions of failure

>something actually does happen

>everything else was wrong

>strut around like a genius

the absolute state of austricucks.

>>90073

>predictions

Did you mean specifying the mechanisms that can result in failure? I do not recall Austrians making predictions because government market-interfering policies are unpredictable.

>>90143

>We are going to make all these predictions and then not call them predictions because our theories are actually absolutely useless and cant be used to learn anything.

>>90177

It should be clear by now to everyone that you're a big fan of building straw men, dubsman. You claim people are saying something they're not, then you claim that that thing is wrong in order to portray those people as wrong. It's classical.

They are cultists. They make you follow strict guidelines. In order to belong and if you want to have sex with animals they require you go through hazing rituals, such as buying property and having your own animals. Its called "Buy your way into heaven."

They don't care if you actually do love animals and want to have sex with them, they make you prove it by forcing you to slave for it. They are sick twisted people. Like how some cults force you to have sex with old religious leaders in order to prove your worth to god. They are abusive cunts.

DO NOT do as they tell you no matter how easy their request seems. If you follow their orders once you are playing into their hands they know youll do it again. If they won't let you have sex with no strings attached then they are cultists using the sex to snag you and ruin your life.

>>90178

Yeah strawmen right. Guess you actually never claim anything. Your ideology has no predictive power what so ever and is totally useless.

>>90177

I'm still waiting for these examples of predictions made by Austrians. None have been provided in this thread so far.

Also this: https://www.youtube.com/watch?v=R18aEsgAzfc