What we both agree on is that no one knows what will happen. Your editor believes that the Austrian theory of the business cycle has both explanatory and predictive power when it comes to figuring out what has to happen at the end of a leveraged asset boom. But it is true – from meat pies to the platypus (both reptile AND mammal!) and in many other ways-Australia is exceptional.
July 7th, 2010 | Dan Denning | 87 comments | ContinuedAll Posts Tagged With: "Austrian Business Cycle"
Taming the Vigilant
Free markets! It’s a government institution – the U.S. Federal Reserve – that is providing the liquidity, via low interest rates and outright buying of government securities, to keep bond yields low. That’s the opposite of free markets.
June 21st, 2010 | Nickolai Hubble | 1 comment | Continued
