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- It's a myth is that breaking a shopkeeper’s window will ultimately boost the economy. http://bit.ly/2x6ibKK
- To save the stock market while pretending the "recovery" in still on track, the #Fed used low oil prices as its excuse to turn more dovish.
- If #Trump really wants to reduce America's trade deficit he needs to slash regulations and massively reduce government spending, including entitlements. That will free up resources to investment in plant, equipment and worker training that will improve our global competitiveness.
- Had the same 2% inflation assumption used to calculate Q1 #GDP been applied to Q2, the reported growth rate would have been just 1.6%!
- 2008 Was Just a Tremor; The Real Economic Earthquake Is Coming https://t.co/SQo6W8cDxA @SchiffGold
- #Macy's stock price is down over 40% in the past 3 months on weaker sales. This supports my forecast for a weak holiday shopping season.
- Production is declining and this is going to put an enormous amount of pressure on prices down the road. http://bit.ly/2ilUyqo
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- SRSrocco sees the potential for a 40-50 million ounce production decline in 2017. http://bit.ly/2z34sZf
- In Search of the True Cost of Industrial Meat | Civil Eats
Sunday, August 30, 2015
Opinions on Thomas Sowell?
I've read a couple of his books and I have to say I agree with him with him for the most part. Granted he doesnt focus on monetary theory or any theoretical economics really, which is probably where most austrians would disagree with him. I know he was a colleague of Milton Friedman(some of you guys here dont like him) but he doesnt seem to have been a perfect disciple. Basically I'm curious as to what members here think Thomas Sowell and what the establishment seems to think of him(Mises Institute, FEE, etc).