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Tag Archives: inflation

China Central Bank Head at G20 : The Chinese bubble has popped

We are pretty much obliged to run this one. Of course it has popped. It’s been deflating for months. Really longer than that though the Shanghai Stock Exchange didn’t reflect it for a while. And it’s not like the Chinese pop is over, it’s got plenty more to go. Lots of “fun” is still ahead of us.

People who care about the world economy and world politics should look closely at China. It is a classic case of “mainvestment.” This is a very important concept to understand. The great(est) Keynesian experiment is unwinding now. Good to know why.

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A Free Market in Money? (VIDEO)

In the effort to inject interesting economic thought into the discussion at ACC we present the following video by Jeff Deist recorded at the Mises Institute. This lecture will likely challenge many of your assumptions about money.

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Why monopolies only survive with the backing of government (Video)

If you really want to understand why the crony capitalist system is so insidious as well as ubiquitous I highly recommend listening to this bit from the master Murray Rothbard. If you really want to get what is so messed up about government and the “privavte sector” partnering up, one must know at least a little bit of his work.

Warning though. Rothbard can rattle one’s whole understanding of politics and economics.

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Keynesian Central Bank Craziness Causing Insane Asset Bubbles In Real Estate

If you’ve got a 50 million dollar house in London, New York, or Monaco things are looking pretty good for you. Of course they were already probably looking pretty good.  Funny how that works. It’s nice to have access to the Fed window.

Of course many of us in the real estate sub-tiers continue to see little or no growth in the price of our homes, Indeed, adjusted for inflation many people continue to lose money year over year.

Until people come to widely understand that it isn’t capitalism driving this disparity, this disconnect, we will continue to see more economic separation. It is the central planners driving things. It is the central banks, their client banks, and governments, which have created this economic gulf. Not capitalism.

Of course for some people to see this it will involve a complete reworking of their value system. And we know how much humans like to do that.

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Will the New Banking Proposals in Iceland Save it from Economic Instability?

Iceland stands like a sentinel at the gates of the Arctic and astride the Mid-Atlantic rift. Part of Scandinavia but also the last stone hop to North America it is a place which breeds peculiarity. With a population of under 330,000, less than the population of Wichita, Kansas, this peculiarity is compounded. Throw in month long winter nights and communal hot spring spas and one can understand why the tiny country produces such weird (and often interesting) furniture, music, and economic ideas.

Attached Ash Navabi at the Mises Institute examines one of Iceland’s most recent idea exports, sovereign money.

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Argentine workers walk out in general strike over taxes

Looks like the South American socialism experiment isn’t working out so well. Venezuela, Brazil, Argentina, the 3 biggies are all floundering economically, big time.

Perhaps Hernando DeSoto the Peruvian free market economist should hold a weekend retreat for the leaders of these countries and school them on how to create wealth and opportunity instead poverty and despair. Just an idea.

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This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%

Fundamentally it comes down to whether one thinks one can get something for nothing. If it has been your experience that something can actually be gotten for nothing, no work, no money, no “other people’s money,” no blood, then congratulations. You live in an easier world than the rest of us. If however you are inclined to think that for every action there is an equal and opposite reaction, then perhaps you should be concerned about the piles of sovereign debt stretching into the wispy stratosphere.

The stakes are now so high for the proponents of central bank debt creation that even if they saw the error of their ways (unlikely) they will still run us off a cliff if unchecked.

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How Financial Aid Drives Up the Cost of College

Give anyone who can register a pulse a student loan and guess what? All that money will find its way into the system and will inflate the cost of “education.” It’s simple. It seems obvious. And yet so many people fail to understand that the reason college is unaffordable is because of all the efforts to “make college affordable.”

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