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- Uncle Sam isn’t the only one running up credit card debts. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion dollars in 2017. http://bit.ly/2nWl8Kw
- I've had a busy week – Peter Schiff Media Roundup Dec. 16-Dec. 22 @SchiffGold https://t.co/7yPgO2eByu
- British Pouring Up to Half of Their Net-Worth Into Gold Post-Brexit https://t.co/2wS71sKdAn
- #Trump's economic fantasy is that since the U.S. economy is getting stronger and stronger, the U.S. dollar will get stronger too. The reality is that the big, fat, ugly bubble is getting bigger and bigger, and as the air comes out the dollar will get weaker and weaker!
- Average gold demand for Germany between 1995 and 2007 was a modest 17 tons. Today it is 100-ton plus. http://bit.ly/2ybvkoR
- The mere possibility of a tiny rate hike is all it takes to collapse these markets. Schiff Radio: https://t.co/smYggxSEN0
- Excluding oil the Dec. trade deficit hit all-time record high. The Widening trade deficit will take down U.S. GDP, the dollar, the bond market, and ultimately the U.S. stock market, just like it did in 1987.
- Nov. Empire State Manfu. Index printed -10.74, the 4th consecutive monthly decline, and longest losing streak every outside of a recession!
- Uncertainty is good for gold. The precious metal was up 8% last quarter, its best showing in a year: http://bit.ly/2nKTcH2
- Financial manager James Stack has noticed it. He predicted the housing crash in 2005, and he told Bloomberg the housing market is flashing red again. http://bit.ly/2Do5VYd
Sunday, April 24, 2016
Monkey's Paw Economics --- steal this book title
I was [thinking](http://ift.tt/1SmfqL3) about Mises's values-free approach to policy and economic-advocacy, ie: suitability analysis, which he undertook so successfully in Austria as a policy analyst in his various capacities, and there occurred to me a good popular-analogy to explain this approach. Suitability analysis of Austrian economics shows the disconnect between means and ends, and is very similar to the popular trope of the [Monkey's Paw](http://ift.tt/1SmfqL5), or another way to put it is [Be Careful What You Wish For](http://ift.tt/1AOGqXu). It is through suitability analysis that we can show two things, both how and why the means of the mainstream cannot achieve their policy ends, and secondarily what ends a policy is in fact likely to achieve and thus often make the very problem worse that was aimed at being improved or solved. I think with this analogy we have a good hook into the mind and interest of the average reader, and this theme could be developed strongly for a popular audience with the kinds of examples that Austrian economists have long developed over the years. But, as I am not credentialed and otherwise busy, I hope one of you will be inspired by this and take it up. Cheers :)