All of the economic improvement we’ve experienced is due to technology.
Take a look at this graph of income per person.
You are currently browsing the daily archive for 9/25/2008.
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market’s attempt to re-establish rational pricing of houses and other assets.
Tags: Austrian School, credit, economics, financial, meltdown, ron paul
I’m using K2 with Psychic Search, and my blog looked a bit weird for users coming from search engines. The tag specified a class that was completely messed up. It showed Related Posts along with some keywords. I was confused, thinking it was caused by one of the Related Posts plugins I had installed.
Tags: K2, Psychic Search, wordpress
