More Keynesian Folly
I will be a guest today on Turning Hard Times into Good Times with Jay Taylor. The program is “Keynes Destroyed the West but Not Gold” and ‘airs’ 3-5 PM Eastern Time.
I will be a guest today on Turning Hard Times into Good Times with Jay Taylor. The program is “Keynes Destroyed the West but Not Gold” and ‘airs’ 3-5 PM Eastern Time.
Last week I noted the attack on Austrian economics at The Street, and on the Mises Institute specifically. It turns out the article I noted was the second article in a week warning readers to not look behind the curtain, and to ignore the killjoys of the Austrian School who refuse to break out the champagne to commemorate the Fed’s final victory of the business cycle.
Earlier this month, Rolling Stone ran an article called “Five Economic Reforms Millennials Should Be Fighting For.” The five ground-breaking, never-before-envisioned new ideas were:
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Last June I pointed to four unfortunate facts in the Chinese economy.
1. Overall credit had increased to $23 trillion dollars, up from $9 trillion as recently as 2008.
2. This amount of credit was over 200 percent of GDP, an increase of 75 percentage points in just five years. (By comparison over the same period the United States’ ratio of debt-to-GDP increased by 40 percentage points.
3. The credit rating agency Fitch had downgraded the Chinese government’s debt to AA-.
Jane Bussman is a British comedienne who moved to Los Angeles in the late 1990s. She wrote for a number of TV shows, including South Park, for a while. She then drifted into celebrity journalism interviewing the likes of Anna Nicole Smith, Britney Spears, and Aston Kutcher. She eventually chucked it all and sought to cleanse her soul by traveling to Africa to “find a country that had a really bad problem with genocide and just help out.” And this is where her story stops short of dreary cliche and gets really interesting.
Canada is amongst the top countries in the world when it comes to safety and security. So what could be so bad that it enticed tens of thousands of Canucks to flee the country in 2013?
How about socialized healthcare?
Mises’s Vienna 2.0: This map and the guide below have been compiled by Mises University graduates Andrew Finnerty and Robert Müürsepp, who were able to meet up in Vienna to explore the places important to the scholars of the Austrian school.