- July Market Commentary “Is Convenience an acceptable Value for Society?" published. http://bit.ly/2oziHh2
- Sure the #Dow closed above 25,000 for the first time ever, but priced in #gold the Dow is unchanged on the year. There is an excellent chance that 2018 will be the start of a major bear market in U.S. stocks priced in gold!
Saturday, February 6, 2016
Mises Thought Capitalism Would End at Some Point?
I just finished David Graeber's book, "Debt." It doesn't align 100% with my market views, but is full of anarchist brain-candy. Anyway, Graeber claims von Mises was among those believing capitalism is temporary. Google proved useless to verify this assertion: "Almost none of the great theorists of capitalism, from anywhere on the political spectrum, from Marx to Weber, to Schumpeter, to von Mises, felt that capitalism was likely to be around for more than another generation or two at the most." - Graeber Anybody know where Mises said this?