On the eve of the World Economic Forum in Davos Switzerland, William White, chairman of the Economic Development and Review Committee of OECD and former chief economist of the Bank for International Settlements, delivered a dire warning concerning an impending meltdown of the global financial system:
Although many analysts are and have been calling for a bottom in oil prices, there are three key reasons why oil can continue to fall substantially further from current levels near $30 per barrel:
One day in 1959, hundreds of students, educators, and grandees filled the enormous lecture hall of the University of Buenos Aires to capacity, overflowing into two neighboring rooms. Argentina was still reeling from the reign of populist president, Juan Perón, who had been ousted four years before. Perón’s economic policies were supposed to empower and uplift the people, but only created poverty and chaos. Perhaps the men and women in that auditorium were ready for a different message. They certainly got one.
Writing for Entrepreneur, Dr. Per Bylund outlines “3 Ways the Sharing Economy Changes Entrepreneurial Opportunity.”
The purpose of any market is to find and create new resources to satisfy consumer needs. Innovation increases over the years allow companies to achieve better results using fewer resources. Industrialization pushed this process to new heights, and today’s information age promises another leap in this process of economic resource creation.
In Planning for Freedom, we find Mises commenting once more on the ravages of World War I as he discusses the Hindenburg Program: had it had time to come to fruition, he suggests, “it would have transformed Germany into a purely totalitarian commonwealth.” Well, the war ended two years later, and the military dictatorship of Hindenburg and Ludendorff had indeed done much to create a totalit
Barron’s is writing about skyscrapers and the Skyscraper Curse:
The Bigger Asia Builds, The Harder It Falls: Could the opening of the world’s second largest building in the heart of Shanghai portend a financial crash?
They also quote me on the subject:
Enough economic warning signs are going off that the mainstream media is finally coming to grips with the fact that the debt and fiat money-fueled economy simply isn’t quite as solid as the Federal Reserve and other central planners would have us believe.
The Wall Street Journal, for example, put together a wonderful graphic highlighting the Fed’s habit of being overly optimistic on their GDP predictions.
For Spain, 1492 was a transcendent year. The discovery of the New World and the vast hordes of gold and new riches was a springboard vaulting Spain from a barely-known kingdom in medieval Europe, to the most influential global power of the day.
