Good people of POG, it's not like you haven't been told that the **** was going to hit the fan. There's a reason why I took the gold in the bet.
I'll say it again so it doesn't get lost and maybe can make some of you money. If you want to invest in stocks (just get index stuff) buy them a little before the elections or shortly after the elections. Do not hold them long (3 month max imo), once you realized your profits invest everything in the economy tanking...
????
profit
[plan was initially developed for an Obama win but I think it only requires slight changes for a MC win]
I will probably cash out my whole poker BR to do this.
p.s.: Found the link:
Praxeology Lecture (audio)
If you want more details there's also the whole book "Economic Science and the Austrian Method" as an audio book which I'll listen to and/or read the next week:
Economic Science and the Austrian Method
If anyone wants to do a study group for any of the Austrian books in POG let me know. I started one on Man, Economy, State in politics a while back but gave up on it.
Call me over the top but I think people who defend fiat money should not complain too much about the state of the economy.
And "government should do something about it" is a pretty bad line of though. Agree with swiitch if they just stayed out of everything we'd be better off. They'll just do some hot fixes that will help whoever they think they need votes from which in the long run will just help make everything even worse. Rinse, repeat.
Quote:
No way I give up my citizenship, though.
IIRC that's close to impossible for US citizens anyways.
Last edited by clowntable; 09-17-2008 at 03:56 PM.