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Isn't he a New Keynesian? Might that be a problem or does he give other theories their due?
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That looks good, but do you know of something more advanced?
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I was wondering if anyone could recommend an macro econ text that explains theory but also gives historical examples of where the theory worked and where it didn't. Anyone know of such a book? thanks.
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Well I've been a professional trader for 15 years so I don't buy the random walk theory (though you don't have to believe in Random walk to believe that Austrian Economics might not be a viable forecasting tool). I'm a contrarian and only see fundamentals as themes to which other traders subscribe or don't. Anyway, even if it's
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I understand that Austrians in general don't believe in predicting so much as describing, but are there any books that teach how to come up with a basic economic outlook? So many books I've seen are just theory. Are there any applied austrian books? Thanks!
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Ok that first thread answered the question. Thanks.
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http://pragcap.com/bernanke-explains-why-qe2-is-not-money-printing-again I know I'm a bit late to the party on asking this question. As I read it, the first thing I thought of is that banks now have cash to loan whereas they once had bonds. That seems inflationary to me. Is that where he's wrong? Thanks in advance!