Comments on: Congratulations Dr. Hulsmann

By: Aman Mender

Aman Mender — Tue, 28 Feb 2012 13:56:47 +0000

Read (or listen) to Hulsmanns “Deflation and Liberty” and you will get his take on deflation.

By: Thomas

Thomas — Mon, 27 Feb 2012 17:49:07 +0000

Prof. Hulsmann suggests that the CW regarding the 2008 crisis was true; that the apocalyptic images presented by the banks wanting a bailout should have been taken at face value. I see no reason to think that the bad paper and debt restructuring couldn’t have been orderly handled by the courts and that day-to-day operations wouldn’t be allowed to continue, or that other capable actors couldn’t have stepped up. I was very surprised to see Hulsmann’s belief that the failure of a few banks would have led to a sharp unemployment of epic proportions.

By: Julien Couvreur

Julien Couvreur — Sun, 26 Feb 2012 20:55:08 +0000

I was surprised to see mention of deflationary spirals (if governments cut their spending). How can he reach that conclusion?
Cutting government spending does not shrink the money supply or even demand in general. It changes who has money to spend.

By: Walter

Walter — Sun, 26 Feb 2012 14:16:19 +0000

A passage from the Hülsmann paper clearly shows that he believes the bailouts would be the worse thing to do. The paper was written in 2010 and his thesis has proven correct. An excellent synopsis of what was going to occur in the world economy.
Jorg quote from his paper.
“Most notably, the very measures that so far have been taken to confront the
crisis have raised new problems, and aggravated some of the problems that
led to the crisis”

By: boniek

boniek — Sat, 25 Feb 2012 23:06:37 +0000

I dont know if we read the same article. Jorg was anything but supportive of bailouts. Can you cite where he was in favor? I could have missed it.

By: Jeff

Jeff — Sat, 25 Feb 2012 21:07:20 +0000

I was suprised that Jorg’s comment supports the bailouts.