link: http://bit.ly/1hMI0GR
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- To save the stock market while pretending the "recovery" in still on track, the #Fed used low oil prices as its excuse to turn more dovish.
- #janetYellen claims if the economy falters the Fed has the same tools it always had. Too bad printing money and buying bonds never worked!
- Aug. manuf. PMI unexpectedly fell to 52.9, the lowest level since Oct. 2013 and the biggest miss verses expectations in 2 years!
- Mario #Draghi, worried that European consumers will suffer if food and energy prices are too low, has promised action to push prices higher!
- Blame central bankers for creating an “empty calorie currency” that even Toblerone can’t avoid:… https://t.co/prp3BkZnyv
- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- @ArensTed 35% at the corporate level, then 24% on the same income at the personal level when paid as dividends.
- Discussion forum: The Continuing Relevance of Anthony de Jasay | by Christopher J. Coyne (Sept. 3, 2015)
- The EU working paper said giving supervisors the power to temporarily block withdraws was “a feasible option.” http://bit.ly/2hKDWvl
- Fed Up Friday – The markets may be betting for a Fed rate hike that will never arrive: https://t.co/jdHrYJEEwK https://t.co/4XtNUhZO7D
Sunday, August 30, 2015
Are most Austrians unwilling to claim "the government can make the economy worse"?
Walter Block, in the video posted below, says that, since you can't make interpersonal utility comparisons. So if any government policy makes one person better off, you can't say it's a worse outcome. https://www.youtube.com/watch?v=wHIm2NRvcAQ around 36:30