These are prime working years. This is clearly an indication that something is very amiss in our current economy.
If you want to see what happens when the Keynesian virus truly takes hold of an economy and a society check out Japan. The once juggernaut of economic power, The Land of the Rising Sun, is now a great example of economic and social zombification as Charles Hugh Smith illustrates below.
It took 1 generation.
Why do you think?
This video is from March of 2012 at the Mises Institute. In it Hunter explains why it is that the current economic regime is fundamentally corrupt and what to do about the situation.
As the market continues up – and may continue to go up – voices like Faber’s increasingly sound like the voices which warned of the impending housing bubble crash circa 2006-2007.
The Swiss people may vote to once again partially back their currency with gold. This is a fantastically good idea. I know I will find a way to own at least a few Swiss francs if that happens.
John Aziz is the economics and business editor at The Week. I have to say that I at one time considered buying a subscription to this publication. Having just read Aziz’s piece, where he argues that bubbles are perfectly natural things which sometimes are good, I am sure that The Week will not be finding its way onto my Kindle.
In a September 11 Bloomberg article, economist Noah Smith claims that John Maynard Keynes, the architect of today’s government economic policies around the world, wasn’t a “‘socialist’” or even a “‘progressive.’” He did not favor “a command economy.”
Yes he “was in favor of some amount of wealth redistribution and government intervention into the economy.” But “Keynesian policies are fundamentally … about economic stability,… about smoothing out the fluctuations in the economy, reducing risk for everyone concerned.”
Another good one from Charles Hugh Smith.
I wouldn’t say that we’ve ever totally had classical capitalism and truly free prices, but we have been light years closer to them than we are now.