link: http://bit.ly/1Re0yOJ
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- The Austrian school and monetary policy
- Inflation: A Semantic Change Worth Noting https://t.co/2TlFI45lPM @SchiffGold
- 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
- I will be on the @Benzinga #PreMarket Prep show tomorrow at 9 a.m. EST! Tune in here: http://bit.ly/1RXB5uD
- Excellent Comic Strip Explains Our Situation
- My latest CNBC Asia interview – Bubble Fundamentals: This Market Needs More Cheap Money @SchifGold https://t.co/g8XBgb0Xo6
- 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!
- The US government is looking to get into the cryptocurrency regulatory act. According to a Reuters report, several members of congressional leadership say stricter oversight is on the way. http://bit.ly/2Fg525G
- If Spending Is Our Military Strategy, Our Strategy Is Bankrupt
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?