The current direction of U.S. home prices (down) has been brought about by many of the same economic management principles applied here in Australia. In fact, the whole Keynesian effort to support aggregate demand and “bring forward” demand through tax credits and handouts has been used the world over.
June 24th, 2010 | Dan Denning | 39 comments | ContinuedAll Posts Tagged With: "hayek"
The Problem of Knowledge
The world is complicated enough. Europe’s sovereign debt crisis will eventually migrate its way to America and the super cycle in fiat money will end in either a debt deflation or massive inflation or both. Real wealth will be destroyed. Meanwhile, China faces a property and credit bubble of its own.
May 14th, 2010 | Dan Denning | 21 comments | Continued
