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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2494973, member: 71723&quot;]Regardless, Austrian School, pinned as it is to a restricted money supply, can only grow economically (increase the size of the pie) if more garbage yellow metal is dug out of the ground. Because it has a debt avoidance fetish, lending necessarily requires loss of access to funds of the ultimate lender, like the bank run scene in <i>It&#039;s a Wonderful Life. </i>Only marginal reserve banking allows a truly growing economy. Not create, allow. It&#039;s like a rope on the trap door to the attic. You can close it by pulling on the rope, but you can&#039;t open it by pushing on the rope. Only Congress can push the door itself, and they refuse. Austrian School has only two outcomes - the obscene enrichment of the already rich, and chronically low growth. One major political party fell in love with Austrian economics a few decades ago and they control Congress now. Guess what - what we could expect to happen has. Enrich the rich, and crummy growth. There hasn&#039;t been a Keynesian political economics budget in this country for decades now. Not even this executive could do it. The last to do it properly was LBJ or arguably, Nixon and Ford.[/QUOTE]</p><p><br /></p>

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