How Canada Escaped the Global Recession
Strangely, Canada finds itself at the most pro-market limit of the political spectrum.
Strangely, Canada finds itself at the most pro-market limit of the political spectrum.
Austrians argue that government spending and monetary expansion are counterproductive and handicap economic calculation.
The "fundamentals" of the economy have been and remain awful, because the government and Federal Reserve are consistently doing the wrong things. The apparent recovery, fueled by Bernanke's sheer money creation, has been bogus all along.
Recorded at Mises University 2011. Includes an introduction by Mark Thornton.
At last, everyone agrees that the US economy is sinking into the morass of depression. The question is why.
Recorded at Mises University 2011. Includes an introduction by Mark Thornton.
Recorded at Mises University 2011. Includes an introduction by Mark Thornton.
So, isn't it time to demythologize all of this? Treasuries are bonds just like any other bonds. There's nothing magic, mythical, or sacred about them. A default on US government debt is no more or less radical than a default on any other kind of debt.