Pestergaines: Formatted predictions.

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Formatted predictions.

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	''But even without the DOJ’s Microsoft follies, the high-technology sector of the economy faces real problems. First, the bubble that pushed so many of the "dot.com" initial offerings into the stratosphere had burst even before Reno’s pyrrhic victory. Second, the malinvestments as described by Ludwig von Mises and Murray Rothbard that occur as the result of wildly expansive monetary policies by the Fed have been centered in the high-technology sector. The growth of new money that is the signature of inflation can come only through the fractional-reserve banking system in the form of loans, which, as noted earlier, have found their way into high technologies, real estate, and the stock market.''"</ref> (which was analyzed a year earlier by [[Thomas DiLorenzo]]<ref name="DiLorenzo_Sneak">DiLorenzo, Thomas J. [http://mises.org/daily/297 "Regulatory Sneak Attack."], ''Mises Daily'', September 16, 1999. Referenced 2012-01-08.</ref>). There were others.		''But even without the DOJ’s Microsoft follies, the high-technology sector of the economy faces real problems. First, the bubble that pushed so many of the "dot.com" initial offerings into the stratosphere had burst even before Reno’s pyrrhic victory. Second, the malinvestments as described by Ludwig von Mises and Murray Rothbard that occur as the result of wildly expansive monetary policies by the Fed have been centered in the high-technology sector. The growth of new money that is the signature of inflation can come only through the fractional-reserve banking system in the form of loans, which, as noted earlier, have found their way into high technologies, real estate, and the stock market.''"</ref> (which was analyzed a year earlier by [[Thomas DiLorenzo]]<ref name="DiLorenzo_Sneak">DiLorenzo, Thomas J. [http://mises.org/daily/297 "Regulatory Sneak Attack."], ''Mises Daily'', September 16, 1999. Referenced 2012-01-08.</ref>). There were others.

	<small>Anderson, 2000; Corrigan, 1999; Deden, 1999; DiLorenzo, 1999; Grant, 1996A, 1996B; Hülsmann, 2000; Mayer, 2000; Reisman, 1999; Sennholz, 2000; Shostak, 1999; Thornton, 2000.</small>		==Predictions==
			<small>Anderson, 2000; Corrigan, 1999; Deden, 1999; DiLorenzo, 1999; Grant, 1996A, 1996B; Hülsmann, 2000; Mayer, 2000; Paul, 2000; Reisman, 1999; Sennholz, 2000; Shostak, 1999; Thornton, 2000.</small>

	* Anderson, William. 2000. "[http://mises.org/freemarket_detail.aspx?control=316 New Economy, Old Delusion.]" The Free Market, August <!-- "As things stand currently, the once-vaunted bull market is in flux. This is partly due to the government’s arrogance in believing it could attack Microsoft without harming other high-technology firms that have been the most visible in the current economic expansion.		* Anderson, William. 2000. "[http://mises.org/freemarket_detail.aspx?control=316 New Economy, Old Delusion.]" The Free Market, August <!-- "As things stand currently, the once-vaunted bull market is in flux. This is partly due to the government’s arrogance in believing it could attack Microsoft without harming other high-technology firms that have been the most visible in the current economic expansion.

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2012-01-08T12:41:06Z

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{{See also|Austrian predictions}}
The '''[[Dot-com bubble]]''' and its bust was foreseen by several Austrian economists.<ref name="Thornton_Bubble">Mark Thornton. [http://www.independent.org/pdf/tir/tir_09_1_1_thornton.pdf "Who Predicted the Bubble? Who Predicted the Crash?"] (pdf), ''The Independent Review'', v. IX, n. 1, Summer 2004, ISSN 1086-1653, Copyright © 2004, pp. 5–30. Referenced 2011-12-13.</ref> In October, 1999, [[Sean Corrigan]] pointed out a massive bubble and implied it will burst. He compared the conditions to those during the late summer of [[Black Monday (1987)|1987]], the [[Japanese asset price bubble|Japanese bubble]] of the late 1980s, and the "[[roaring Twenties]]" in the United States. <ref name="Corrigan_Pop">Sean Corrigan. [http://mises.org/daily/317 "Will the Bubble Pop?"], ''Mises Daily'', October 18, 1999. Referenced 2012-01-08.</ref> In March, 2000, [[Christopher Mayer]] noted that all the ingredients of a bubble - fundamental (i.e., a technological revolution), financial (i.e., a surge in money and credit) and psychological (i.e., a suspension of belief in traditional valuation measures) - appear to exist in the current bull market and predicted it will end with a bust.<ref name="Mayer_Over-Valued">Christopher Mayer. [http://mises.org/daily/405 "The Meaning of 'Over-Valued'"], ''Mises Daily'', March 30, 2000. Referenced 2011-12-13.</ref> In August, 2000, [[William Anderson]] pointed to the bubble in the high-technology sector, mentioned the negative consequences of a regulatory attack at Microsoft<ref name="Anderson_Delusion">William L. Anderson. [http://mises.org/freemarket_detail.aspx?control=316 "New Economy, Old Delusion"], ''The Free market'', August 2000, Volume 18, Number 8. Referenced 2012-01-08. Quote: "''As things stand currently, the once-vaunted bull market is in flux. This is partly due to the government’s arrogance in believing it could attack Microsoft without harming other high-technology firms that have been the most visible in the current economic expansion.''

''But even without the DOJ’s Microsoft follies, the high-technology sector of the economy faces real problems. First, the bubble that pushed so many of the "dot.com" initial offerings into the stratosphere had burst even before Reno’s pyrrhic victory. Second, the malinvestments as described by Ludwig von Mises and Murray Rothbard that occur as the result of wildly expansive monetary policies by the Fed have been centered in the high-technology sector. The growth of new money that is the signature of inflation can come only through the fractional-reserve banking system in the form of loans, which, as noted earlier, have found their way into high technologies, real estate, and the stock market.''"</ref> (which was analyzed a year earlier by [[Thomas DiLorenzo]]<ref name="DiLorenzo_Sneak">DiLorenzo, Thomas J. [http://mises.org/daily/297 "Regulatory Sneak Attack."], ''Mises Daily'', September 16, 1999. Referenced 2012-01-08.</ref>). There were others.

<small>Anderson, 2000; Corrigan, 1999; Deden, 1999; DiLorenzo, 1999; Grant, 1996A, 1996B; Hülsmann, 2000; Mayer, 2000; Reisman, 1999; Sennholz, 2000; Shostak, 1999; Thornton, 2000.</small>

* Anderson, William. 2000. "[http://mises.org/freemarket_detail.aspx?control=316 New Economy, Old Delusion.]" The Free Market, August 

* Corrigan, Sean. 1999. "[http://mises.org/daily/317 Will the Bubble Pop?]", October 18 

* Deden, Anthony. 1999. "[http://www.safehaven.com/article/778/reflections-on-prosperity Reflections On Prosperity]" December 29 

* DiLorenzo, Thomas J. 1999. "[http://mises.org/daily/297 Regulatory Sneak Attack.]" September 16 

* Grant, James. 1996A. The Trouble with Prosperity, May 

* Grant, James. 1996B [http://mises.org/journals/aen/aen16_4_1.asp The Trouble with Prosperity], Winter 1996, Interview 

* Hülsmann, Jörg G. 2000. Schöne neue Zeichengeldwelt 

* Mayer, Christopher. 2000. "[http://mises.org/daily/405 The Meaning of 'Over-Valued']", March 30. 

* Paul, Ron. 2000. "[http://ronpaulforcongress.com/html/republic.html A Republic, If You Can Keep It]" January 31 

* Reisman, George. 1999. "[http://mises.org/daily/284 When Will the Bubble Burst?]", August 18 

* Sennholz, Hans. 2000. "[http://mises.org/daily/477 Can the Boom Last?]", July 31 

* Shostak, Frank. 1999. "[http://mises.org/daily/309 Inflation, Deflation, and the Future]". October 7 

* Thornton, Mark. 2000. "[http://www.independent.org/pdf/tir/tir_09_1_1_thornton.pdf Who Predicted the Bubble? Who Predicted the Crash?]" (pdf), ''The Independent Review'', Summer 2004 



==References==
{{Reflist}}

Austrian predictions/Dot-com bubble - Revision history

Pestergaines: Formatted predictions.

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