The validity of the Velli, Grappin and Mangeney (1989) model is evaluated. It is argued that the model is incorrect because it mixes different dynamical models, assumes weak nonlinearities, makes predictions that vary with observations, and violates causality. It is proposed that self-similar behavior in the coronal source region of the magnetohydrodynamic fluctuations cause the Kolmogorov-like spectra.