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- The Austrian school and monetary policy
- 10 year treasury yields are now just below 2.95%. For those who think 3% is the ceiling think again. Once we move above 3.25% i think the move to 4% will be quick. If the stock market hasn't crashed by then, or the Fed has not changed policy, the move to 5% will be even quicker!
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- Kudow also said its important that we raise the debt ceiling so that we don't ruin our credit. Yep we would not want to "ruin" our credit by not raising a ceiling that prevents us from going even deeper into debt!
- Nov Commentary "US Democracy began as a great Movement. It became a Business. Now it is just a Racket." published. https://t.co/M2NoQayrz5
- #Gold is back above $1,230. @jimcramer and #DennisGartman are waiting for a pullback to buy. It could be a long wait!
Thursday, August 20, 2015
The Austrian school and monetary policy
Occurred to me the other day, I am somewhat familiar with the Austraian school of thought, in general, but I've never heard an Austrian economist talk about monetary policy, or if there is a typical position that the school tends to agree with. I did a quick look through the archives here, and I didn't see anything that really addressed it. I'm sure there is one, though. What is it, if I may ask?