Econ 101: Not What You Think

I’ve been awake for an inordinate amount of hours the past couple days, constantly pondering what the fuck is going on in the markets. I like to argue like a lawyer, so it’s no surprise that my favorite economic theories belong to a heterodox school of thought, Austrian Economics. I can pose well-thought hypotheses to anyone, with more abstract thought in substance than empirical data, which is only a function of the Austrian school of thought, one that believes empirical data is often useless due to complexities in the economy. I typically side with Jim Rodgers or Peter Schiff, two bigger names that consider Ben Bernanke a fool, tossing good dollars after bad. I perceive gold and oil as real goods, compared to the valueless paper money we use today. I’d like to think demand comes from supply, that spending happens after saving and that the few in government planning for the many in public is a fool’s errand. I enjoy reading about and watching videos of Murray Rothbard and the “Fight Of The Century” video (link here) was a delight.

It’s a wonder to me, then, why I’m sitting here stunned by a stock market on the edge, struck in the face like a Tyson punch by the macro economy, despite various efforts by Ben Bernanke and company. I care not to speculate why I’ve made the grievous errors that I’ve made, but rather collect my thoughts and put together an actionable thesis for the future, in order to climb back to the peak of the mountain, where I can again relax in my beach chair, beverage in hand and attractive woman by my side. (That’s right, a fucking beach on top of a mountain)

But first, if you will, allow me to put some of my thoughts into words, in an attempt to convert Keynesians but more so to expedite the thought process…..(more to come)