-
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
Categories
- Economics in One Lesson (4)
- Uncategorized (126)
Archives
- March 2014 (2)
- January 2014 (2)
- November 2013 (1)
- October 2013 (1)
- August 2013 (2)
- July 2013 (2)
- May 2013 (3)
- April 2013 (4)
- March 2013 (6)
- February 2013 (7)
- January 2013 (12)
- December 2012 (2)
- September 2012 (1)
- July 2012 (1)
- June 2012 (4)
- May 2012 (3)
- April 2012 (11)
- March 2012 (8)
- February 2012 (7)
- January 2012 (16)
- December 2011 (9)
- November 2011 (7)
- October 2011 (9)
- September 2011 (10)
Twitter
- Kept in the dark wp.me/p1O9ar-c0 6 years ago
- What has the MPC got to hide? wp.me/p1O9ar-bP 6 years ago
Monthly Archives: December 2011
Cameron’s non-veto of a non-existent treaty
The press have devoted much coverage to Cameron’s apparent veto of changes to EU treaties. The only problem is, you can’t veto a treaty that doesn’t exist. Cameron effectively admitted as such in the House. As Richard North explains, The … Continue reading
Overdose: The Next Financial Crisis
The following documentary, Overdose, offers a more coherent explanation of the housing boom and bust than any other documentary I’ve seen thus far. The mainstream broadcast media in the UK has barely touched on the themes in this documentary, and they … Continue reading
The Aussies sure have a sense of humour
This is one of the funniest videos I have seen on the sovereign debt crisis – as I’ve said before, when facing disaster in the face, we need some comic relief!
The cost of drug prohibition
The topic of illegal drugs is one where I’ve changed my mind over the years. Growing up I agreed that illegal drugs should remain illegal, believing that taking drugs was both dangerous and immoral. I’ve since decided that outright legalisation … Continue reading
Posted in Uncategorized
Tagged Drug War, libertarianism, mexico, milton friedman, Prohibition of drugs
3 Comments
Capitalism or crony capitalism?
As I argued previously, the Occupy protesters are justifiably angry, but to direct their anger at capitalism is a mistake, since it was not free markets that created this current finanicial crisis, but rather a system of crony capitalism and government interventions. … Continue reading
Posted in Uncategorized
Tagged bailouts, capitalism, crony capitalism, economics, econstories, Goldman Sachs, hayek, henry paulson, libertarianism, occupy wall street
Leave a comment
We live in “grammar-straining times”
Brian Micklethwait over at Samizdata has a funny post regarding the views on the economic crisis – explaining that there are at least 3 views on the subject, and having to apologise for his grammar in considering alliances between them: … Continue reading