Austrian Theory of the Trade Cycle | Roger W. Garrison

[fritoman182]

Geithner disliked this

[Audiofalcon7]

What fucking sound effects? <_<"

[evilsceptic]

Am I the only one who thinks the sound effects are awesome?

[zsylvana]

1)Karen Vaughn’s Austrian Economics in America.Cambridge,1994

“Mises never discusses the possibility of systematic speculative error except in the context of his trade cycle theory,in which speculators-investors are misled by improper monetary signals emanating from a fractional reserve banking...,if the future is created out of the actions of the past,why is it not least conceivably possible for speculative activity to be on net incorrect at least some of the time?" Vaughn:87–88)

[tvincentchase]

It just. Makes. Sense.

[BadMunckY]

Sounds effect are rather loud and annoying and the sound quality is not great but the global presentation is a masterstroke at keynesian fallacies. Thanks for publishing it.

[twk373]

How the hell does anyone take Keynesianism seriously?

[lilbromarky1]

good preso sound effects gotta go. They are even worse on headphones.

[djussila]

Mises.org sent me here.

[prashantpawar]

"If only Hayek had PowerPoint, he could have shown how the abstract triangle aligns with the real-world output."

But the question is, would he use those annoying sound effects?

[sadkins1]

what sound effects? i'm 7 minutes in, and I don't hear anything.

[LibertyJedi]

Wow Really good, thank you. Excellent!

[NicosMind]

Ive said it a couple of times but Mises needs to get another mike for the audience so we can hear it. Or the speaker should repeat the question to let the speakers mike pick it up.

[imtc88]

Dear God get rid of the sound effects.

[richardcadbury]

@imtc88 They aren't even sound effects, just glorified white noise!

[AarontheCurious]

You might not like the sounds but can you honestly say you wouldn't have done the same thing in his situation?

Just for the sake of comedic value and obnoxiousness.

[Panpiper]

@AarontheCurious Sounds are good, but volume should be controlled. They should be subtle, not dominant.

[Zander242]

The visual representation really makes the point clear. (I wouldn't miss the sounds though ;)

[NietzscheanMan]

After having viewed it with more attention, I feel compelled to say that Mr. (doctor, professor?) Garrison has done a truly excellent (I repeat: excellent) job on explaining the ABCT in a concise and comprehensive manner. The powerpoint presentation is available online if you google it (as is just about any libertarian educational work) and with removal of the noises I will be sure to bring it up in discussions with non-economists to explain these concepts better than I used to do before this.

[residentzombie]

After listening to Peter Schiff, Tom Woods, Bob Murphy, and Marc Faber all other Austrian economists are dull and boring. Nice to know a handful of college professors teach and believe Mises over Keynes across the country.

[NietzscheanMan]

Really nice talk, but the sounds are a tad annoying after a while so I suggest leaving them out after the first slide or something :) Still, very nice talk, of course.

[gibbo675]

@NietzscheanMan

You are quite right, Mr Garrison should ditch the silly noises and get Mr Hat back on the scene!

[reapfreak]

Holy moly! An Austrian not wearing a bowtie!