We are all Austrians Now?
John Carney at CNBC.com explains why the Federal Reserve economic recovery plan is failing - we are all Austrians now. He outlines his version of the Austrian Business Cycle Theory (ABC). It is an interesting discussion and worth reading his comments and criticisms as well as the original sources of the theory I have linked above. If you do not have time for all this reading then watch the video on quantitative easing (what we use to call printing money). It is not ABC, but it is a pretty accurate description of what the Fed is attempting and let's be honest just plain funny.
Subscribe to:
Post Comments (Atom)
Popular entries
-
As Europe’s leaders struggle to convince markets that their Greek debt problem-resolution-proposals are actually viable, and will really do ... -
Steen Jakobsen, chief economist for Saxo Bank in Copenhagen, pinged me with a personal thought regarding Europe: " I am just back from ...
-
China has its fingers in nearly every aspect of global financing as the following articles show. San Francisco-Oakland Bay Bridge Now Made i... -
Ok, well yesterday I gave a brief resumé and outline of the state of the German labour market, about why the recent drop in unemployment is... -
Europe's manufacturing and service industries contracted in September at the fastest pace in nearly seven years as continuing problems i... -
Basically, following up on this post earlier this month I wish to report that the 3 month euro libor rate is still stuck where it was, way ... -
Why have routine (and not so routine) medical and dental services performed in the US when you can have them done cheaper elsewhere and get ...
-
Equity futures are down sharply in Asia, Australia, Europe, and the US in conjunction with data that shows manufacturing in China is barely ... -
The FBI made numerous claims in today's official press conference. They are largely refuted by Dr. Meryl Nass, an expert on anthrax. I...
-
Kevin Hassett, an economist at AEI and an adviser to John McCain, is stepping into the debate over whether NBA referees are fixing games (vi...
Posts
