link: http://bit.ly/1EQDknY
Hot And Trending...
Trending
- Banks played a major role in the Great Depression, Scott Sumner
- @RJChancey Times are not very good. That is exactly what Republicans were claiming just before the 2008 financial crisis. We are actually in worse shape now than we were then, and headed for an even greater economic crisis.
- September report “Did an entire generation of Millennials come of age, and never saw American prosperity?" published. http://bit.ly/2y4LJZQ
- High Black unemployment results more from bad legislation coming from Congress and the White House, than bad monetary policy from the #Fed!
- Coalition commodities editor Neil Hume noted that precious metals “performed significantly better.” http://bit.ly/2vnNZtc
- Education bubble is the source of low productivity and a major red flag for the US economy: https://t.co/AIESGrqEL6
- The higher Dec. trade deficit likely mean last quarter's low #GDP number will be revised even lower. It also likely means that GDP growth for all of 2017 may be less than the average annual growth rate experienced during Obama's 2nd term. But hope springs eternal for 2018.
- My speech at The Jackson Hole Summit last month. @SchiffGold http://t.co/AVPdZNaY5x
- Al Gore still has not accepted the results of the 2000 election and the media has never had a problem with that!
- U.S. stock market investors should take a good look at #Bitcoin to see what happens when air comes out of a bubble!
Monday, August 24, 2015
Help me understand counter cyclical measures
I listened to the talk about Mises Brazil here: http://bit.ly/1hVTckq I heard him say the Brazilian president attempted to counteract the 2008 recession with basic Keynsian stimulus tools, inflation, low interest rates, and spending. It seems to me at this is basically an entire country using a big credit card, and ignoring the future consequences. Basically my question for more educated Austrian economics philosophers, is to what extent if any should the market be manipulated in response to drastic swings? For instance, when the fuel prices in the U.S. skyrocketed the government sold some of the national reserves. Is this correct behavior?