It is a sign, rather, that we have allowed our monetary, fiscal, and regulatory authorities to lure us like lambs to the slaughter to the unwarranted socialization of the most important sector of the capitalist system.
William Tucker says nuclear power is the most concentrated energy and is the cure for the nation's energy ills. And in his view there is no such thing as nuclear waste — it all is recyclable.
As long as governments and central banks continue to focus on the monetary symptoms of the "secondary depression" and continue to ignore the structural aspects of the "primary depression," they act like quacks.
The change wrought by markets goes to the very core of the issue. It makes and breaks whole institutions, sometimes overnight. And it does so in a beneficial way for the whole, without blood and without the risk of unanticipated calamity.
Hayek was arguing that whenever and wherever credit is expanded beyond market dictates by a central bank, the result will be economic distortion.
In this article, I'll explain short selling (and the "naked" variant), its benefits to the market economy, and the harm from arbitrary government restrictions on the activity.
Unless a businessman can forecast when the crash will occur, it is to his advantage to take the new money and stay abreast of the competition.
A "seizure" of possessions and an "injury" to the people have occurred because "what is declared to be more is worth less."
Fannie and Freddie are going to be bailed out by taxpayers, I told the host, and the resulting inflation will make a weak dollar weaker and prop up corrupt banks that market forces would otherwise force out of business.
So, don't be so quick to take the plunge buying bank foreclosure properties and forget traditional stocks and bonds. It's not for the faint of heart, but the road to riches is with junior mining shares.
