link: http://bit.ly/1EQDknY
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- German banks have created a national distribution network for Australian gold. http://bit.ly/2j7zCY5
- The World Is Awash in Record Levels of Quantitative Easing https://t.co/Ag7WEh1Vm3 @SchiffGold
- According to media reports, authorities didn’t jail the guy. They made him pay a $1,531 fine and let him go. http://bit.ly/2fWjvbJ
- People still don't get it. The only reason the economy "recovered" is that a rising dollar kept interest rates low and consumer prices in check, allowing America to go deeper into debt and consumers to keep spending. As the dollar sinks the economy will go down with it.
- Mining CEO: Silver in a Sweet Spot https://t.co/HR5CLoNSUE @SchiffGold
- According to the #Democrats the country is in great shape. We just need to take more money from the rich and give to it to our constituents.
- @Mrmozaike @Coindriller It's not about getting an early lead. Just ask the Atlanta Falcons.
- What's that you say - Olympic medals aren't made of real gold? https://t.co/WXkBruvgjU
- Pass though businesses are not at a disadvantage to corporations. Owners of pass throughs can covert to Corporation any time they want. The reason most don't is to avoid the double taxation of corporate income.
- GFMS report calls for gold to rise still further in 2018 as it averages $1,360 and hits a 2018 peak near $1,450. http://bit.ly/2zFRVul
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?