ABC2K update

A few more examples of mainstream attention:

Taking von Mises to pieces, The Ecnoomist

A one-paragraph explanation of the Austrian theory of business cycles would run as follows. Interest rates are held at too low a level, creating a credit boom. Low financing costs persuade entrepreneurs to fund too many projects. Capital is misallocated into wasteful areas. When the bust comes the economy is stuck with the burden of excess capacity, which then takes years to clear up.

Jailed counterfeiters aren't a patch on the Bank of England, Jeff Randall, The Telegraph

The regulators are praying that the rest of us won’t notice. This is a high-wire act. As the economist Ludwig Von Mises noted, when the masses finally wake up, “a breakdown occurs”.

Comments

[Corn Flour Mill]

One way to think about taxation is that the government have an option on any income. So, the government's position is always the most stable of any institution in the economy, as long as it can maintain it's monopoly of coercion. But, this doesn't mean what some think it does.

[Corn Flour Mill]

it si so gopod

[Testking 350-030]

It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks

[Testking HP0-S25]

Mature work always inspiring.thanks for sharing all this

[MBT Shoes]

It's so nice to have you do all of the research for us. It makes our decision making so much easier!! Thanks.

[olympic london accommodations]

Simple said, the money are not going on the right places. The case with Greece is the same. Like you put money into cutting paper machine.

[abercrombie and fitch]

What a fun pattern! It’s great to hear from you and see what you’ve sent up to. All of the projects look great! You make it so simple to this. Thanks

[Retro Jordans]

Very cool article.

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[Timberland Boots]

There must be something in domestic US policy I'm not aware of, or he is talking about some libertarianism which is not the libertarianism I'm used to.