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A friend of mine sent me the wiki "Critiques" of Austrian Business Cycle Theory. The red flag I noted was the line Nobel laureate Paul Krugman I was wondering if anyone had any thoughts on these points. I haven't read up on the crashes that they speak of - any thoughts on these "Critiques"...
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Kakugo--I am happy to see you are rational and have not drunk the Kool-Aid. I share your conviction. Notice none of the posters to date have refuted my points--which were backed by evidence. For example, the old rebuttal that a stock split price rise is due to the investors feeling that managers have...