Ticka, Ticka, You Need Good Timin' | Walter Block

[alistairproductions]

I think Walter Block has "Adult ADHD". But they better not give him pills, because it makes him awesome

[capitalist4life]

That did seem a little thrown-together. He is pretty funny for an economist. Right up there with Tom Woods and Peter Schiff.

[pretorious700]

That's Block's style, he is always animated and a bit all over the place, but I think it's fascinating.

[nowaneer]

This guy doesn't make coherent arguments. It sounds like he didn't even prepare for this talk and just tried to wing it with a bunch of random phrases and fragments.

Interest rates are important but lower interest rate doesn't necessarily mean that durable goods will be purchased to the detriment of nondurable goods.

[SonofLiberty039]

i agree nowaneer. I agree that the interest rate manipulation results in malinvestment, but then he makes the assumption that it favors durable goods specifically. Can anyone clarify this? why does a bid for a dollar in ten years at 52 cents promote long term items over a bid for a dollar in ten years at 9 cents???

[shlobb]

I think its you who doesn't make a coherent argument. low rates lead to higher borrowing, which leads to long term investments.

[nowaneer]

Low rates also means people save less and spend more. Less money saved means less investment unless that money was coming from abroad. It's not as simple as you'd like to believe.

[stealthswimmer]

correct, in another vid on this same youtube channel called "Austrian Theory of the Trade Cycle" it shows that what happens is that people CONSUME more while at the same time producers invest more in LONG-TERM goods....since this happens at the same time, there is obviously a temporal mismatch between supply and demand, which causes the business cycle.

Anyways, please watch the vid on youtube "Austrian Theory of the Trade Cycle" it should clarify things a bit.

:-)

[Chainedorlo]

He seriously needs to do stand up.

[vorbeigehende]

have you seen Peter Schiff video at mises?

watch?v=EgMclXX5msc

[mkloppel]

I associate with a 9/12 group and many are in them are EXTREMELY receptive to the principles you are talking about block.

That is a TEA party group if you don't know.

I will post this on as many forums as I can and try and get people to listen to the wonderful ideas you have. Thanks for the free media!

[Elizruth]

I was there! It was awesome! I hope this video spreads!

[djsherin]

Were you exposed to Austrian Economics much before hand?

[Elizruth]

I had read "Meltdown" and watched a lot of Peter Schiff and Ron Paul videos. Basically I had known how central banks distort the money supply and how dangerous fracional reserve banking is. I don't think we'll get out of this recession until we get rid of central banking, but I'm NO EXPERT. :-)