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- China, as well as other countries including Russia, desperately want to reduce their dependence on the dollar. http://bit.ly/2y4vbEo
- Bernanke memoir says Fed couldn’t help Lehman Brothers.
- Looks like my podcast on Friday calling for a black Monday today may have been correct. Those who listened to it are not surprised by what is happening today. Those who watch fake financial news on cable TV are.
- Discussion forum: The Continuing Relevance of Anthony de Jasay | by Christopher J. Coyne (Sept. 3, 2015)
- Why Are Republicans So Obsessed With the Gold Standard? - The Atlantic
- The stability of gold is the key to China’s drive to dethrone the petrodollar. http://bit.ly/2y4vbEo
- Personal spending growth slows as weak wage growth takes its toll. http://bit.ly/1hJwRXr
- The Louisiana bill sets the stage to undermine the monopoly of the Federal Reserve. http://bit.ly/2sMVdYx
- As Dan Kurz of DK Analytics points out, the federal government would have a difficult time even paying the interest on the debt in a “normalized” interest rate environment. http://bit.ly/2imzvbt http://bit.ly/2k7GtkT
- Apple has reportedly filed a patent for making “enclosures for electronic devices” out of hardened gold. http://bit.ly/2xYcQV6
Thursday, August 27, 2015
Business Plan (Inspired by Austrian Economics)
I was not sure if it would be appropriate to post about a business idea here. But, I wanted to discuss the idea with individuals who understand Austrian Economics (mainly the theories related to capital and capital goods). So, if you understand capital goods as Austrians do please send me a message and I will explain my idea. Thank You, Patrick J Potter