After a half a century of stimulus – with credit, inflation and the money supply growing faster and faster – the Fed put the pedal to the metal following the nano-recession of 2001. It dropped interest rates to just 1% – well below the rate of consumer price inflation…
July 24th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "entrepreneurs"
Never-Ending Government Lies About Markets
The purpose of government is for those who run it to plunder those who do not. Throughout history, governments have used violence, intimidation, coercion, and mass murder to enforce this system. But governments’ first line of “defense” is always a blizzard of lies…
July 2nd, 2009 | Thomas DiLorenzo | 6 comments | Continued
RBA Confirms Aussie Economy Would Enter Recession
What’s changed? Well for one, rising layoffs are having an effect on the real economy. Today’s papers report that mortgage delinquencies are on the rise. Delinquencies on full-documentation loans are still relatively low. Just 1.75% of full-doc loans are more than thirty days past due, according to a story in the Sydney Morning Herald.
April 2nd, 2009 | Dan Denning | 1 comment | Continued
The Economy Needs REAL Growth
But after seventeen years of economic growth in Australia, the market is trying not to grow. Unfortunately, the united efforts of the boffins in government, industry and pressure groups are trying to prevent this natural contraction in the market. And that’s a threat to one vital part of the economy – but I’ll get to that in a moment.
March 11th, 2009 | Kris Sayce | 2 comments | Continued
Did Marx Know All This Was Coming?
Whether the analysis is accurate is a separate question from whether Marx ever wrote it. German is a torturous language to read in translation, full of compound sentences and words. And it’s highly unlikely, writing in the late 19th century, that Marx would have referred to the working class buying houses and technology. The horseless carriage hadn’t even been invented yet, much less the iPod, the BlueRay, or the George Foreman grill.
February 24th, 2009 | Dan Denning | 6 comments | Continued