tag:blogger.com,1999:blog-6245381193993153721.post8176025802748084003..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Lithuania: Another Baltic DisasterLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6245381193993153721.post-43287157710163784822012-03-31T09:28:15.362-07:002012-03-31T09:28:15.362-07:00"Isn't the Baltic crisis something that A...<i>"Isn't the Baltic crisis something that Austrian Business Cycle Theory would predict?"</i><br /><br />The ABCT is a false theory: it says nothing about asset bubbles in real estate or financial markets, or debt deflation. <br /><br />As a explanation of the 2000s boom and bust, driven by debt-fulled, feverish asset price inflation, bad consumer loans, and exotic financial instruments, it is worthless.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-22883293788177004012012-03-31T08:43:48.931-07:002012-03-31T08:43:48.931-07:00Isn't the Baltic crisis something that Austri...Isn't the Baltic crisis something that Austrian Business Cycle Theory would predict? The Scandinavian banks that lent to the Baltics have been repeatedly bailed out and propped up by their govts, and the Swedish central bank actually has actually charged negative interest rates, literally forcing them to lend. Isn't this reckless lending what planted the seeds for the Baltic crash?<br /><br />http://www.creditwritedowns.com/2009/08/zombie-banks-scandinavian-edition-and-the-threat-of-too-big-to-fail.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-73304952329803979582012-03-31T04:41:40.059-07:002012-03-31T04:41:40.059-07:00LK, could you email me? I have a question, and yo...LK, could you email me? I have a question, and your old email no longer seems to work.Mike Hubenhttps://www.blogger.com/profile/01371469964446567690noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-34326449508018428272012-03-30T11:32:43.878-07:002012-03-30T11:32:43.878-07:00LT prime minister despite of high umemployment (es...LT prime minister despite of high umemployment (especially youth) and never ceasing emigration is boasting about "success". In what wonderland are we living?Anonymousnoreply@blogger.com