Thanks to new media, “spin” doesn’t work so well anymore

It seems that the public relations industry is always trying to distance itself from the image that its main business is in providing “spin” or “spinning the news for its clients. This is true to a certain extent throughout both the public and private sector PR types. Afterall, who doesn’t want to put a good face on corporate earnings or home sales prices, or any other news of import that may reflect on one’s business.

Yesterday was a Historic Day

A note from Jesus Huerta de Soto:

In the cradle of modern democracy, in the parliament of the United Kingdom, a bill was officially presented in London yesterday with a dual objective: first, to fully and effectively defend citizens’ right of ownership over money they have deposited in checking accounts at banks; and second, to once and for all put an end to the recurrent cycles of artificial boom, financial and banking crisis, and economic recession which have been afflicting the world’s (poorly-named) market economies for at least two hundred years.