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Listen to the people who predicted this: No bailouts, no New Deal, no serfdom.
Here is a list of popular personages who predicted this credit implosion and depression while the bubble was still being blown: Robert Prechter. In 2002, he published Conquer the Crash, How to survive...
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Real credit vs. fake credit.
The essence of why bailouts will only deepen our problems is that real credit cannot be created out of thin air. This counterfeit operation is what caused the bubble to begin with, and by trying to put...
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A crash course on the banking cartel.
If you haven’t read this book: Watch this video, a lecture by G. Edward Griffin: Click here to watch.
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Lending won’t stop if banks go under.
The Journal has a story about a venture-funded alternative lender called On Deck Capital that extends credit to small businesses, many of whom don’t qualify for bank loans at the moment. Interest is...
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Two contemporary libertarian greats talk about the crisis.
Mises Foundation founder Lew Rockwell interviewed blogger Mike “Mish” Shedlock on his podcast series: Link here. Topics include bailouts, ‘stimulus’ plans, the benefits of deflation, and Mish’s...
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Doug Casey and Tom Woods on government
Video link from Lewrockwell.com Here’s an excerpt from The Law, by Frederic Bastiat, a French classical liberal (today we would say libertarian) economist: A Fatal Tendency of Mankind...
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Congratulations to Mish Shedlock, star deflationist and gold bug
I want to offer a little praise here for Mish Shedlock, an investment advisor for Sitka Pacific and proprietor of the hugely successful blog, globaleconomicanalysis.blogspot.com. I owe Mish a debt of...
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A true liberal education includes Ludwig von Mises
(Via Lewrockwell.com) This new Mises biography gets high praise from Bob Higgs, himself a talented and hard-hitting classical liberal (or libertarian, minarchist,...
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Rap battle: Keynes vs. Hayek
Watch for Tim and Ben as the bartenders. - Hit tip to Kevin Duffy. Lyrics (from econstories.tv): We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set...
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Australian columnist: maybe our housing bubble is not a good thing.
From the National Times: WHEN house prices soar, you can hear the silent cheering all around you. Most of us own homes, so rising prices increase our notional wealth. They mean someone else will have...
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