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- 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
- Ron Paul: The Federal Reserve Is King of the Price Fixers https://t.co/tCdD6vVgPz @SchiffGold
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- A healthy monsoon season is showing an uptick in Indian farmers returning to the gold market to buy: https://t.co/KSA87hfWvw
- Goldman pointed to several fundamental weaknesses it sees in cryptos that make gold a better long-term value. http://bit.ly/2z6Nt7l
- Bitcoin is a bit of a lobster pot — it’s easy to get in, but hard to get out. Gold also offers investors 4,000 years of history as a store of value, and that’s looking quite appealing right now. http://bit.ly/2DrHoEJ
- If Spending Is Our Military Strategy, Our Strategy Is Bankrupt
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- The world does not envy America, but may well resent our ability to borrow without having to repay, or consume without having to produce!
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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?