Authored by Philipp Bagus via the Ludwig von Mises Institute, “Many politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to a reduction of government spending, there is insufficient demand in the economy leading to unemployment. The unemployment …
On malinvestment from Seeking Alpha: “Malinvestment is one of the most useful concepts in Austrian economics. As Wikipedia puts it, malinvestment refers to “investments of firms being badly allocated due to what they assert to be an artificially low cost of credit and an unsustainable increase in money supply, often blamed on a central bank.” …
Is China The Biggest Malinvestment Case Of All Time? Read More »
Are You Seeing What I’m Seeing? (via Market Shadows) Courtesy of Jim Quinn of The Burning Platform Is it just me, or are the signs of consumer collapse as clear as a Lowes parking lot on a Saturday afternoon? Sometimes I wonder if I’m just seeing the world through my pessimistic lens, skewing my point of …
Guest Article: Are You Seeing What I’m Seeing in the Economy? Read More »
Put a light on Europe’s shadow economy (via The Christian Science Monitor) Anyone looking for a way to help Europe reverse its shrinking economy – and thus save the global economy – might first note some odd behavior in the Greek city of Larissa. In a report last June, three American researchers found Larissa not …
19 Warnings About A Coming Global Financial Catastrophe (via http://dailydopenews.com) Reported By Michael Snyder The American Dream Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency… …
19 Warnings About A Coming Global Financial Catastrophe [Guest Article] Read More »
