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: "Rory Robertson"
Vandalism vs Keynesianism
With short-term real interest rates on U.S. government bonds effectively negative, we’ve wondered lately why so many people complain that gold doesn’t have a yield (either). But it’s true. It doesn’t. It just sits there looking pretty and yellow and heavy – preserving value and capital better than other kinds of money in which you can choose to denominate your wealth.
June 28th, 2010 | Dan Denning | 8 comments | Continued
