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The Financial Condition of the World: Excerpts from the Alternative and Mainstream Financial Press (Part I)

The Financial Condition of the World: Excerpts from the Alternative and Mainstream Financial Press (Part I)

For quite a number of years, many decades in fact, members of the Austrian School of Economics have been trying to convince Western governments that the Keynesian fiscal path they’d embraced could only end in a disaster of insolvency that devolved into a currency collapse. In 1940 in his landmark text Human Action Ludwig von [...]


June 2, 20102 CommentsRead More

Moody’s Says U.S. Debt Could Test Triple-A Rating

This article was in the New York Times By DAVID JOLLY and CATHERINE RAMPELL The gold-plated credit rating of the United States — an article of faith across America and, indeed, around the world — may be at risk in coming years as the nation copes with its growing debts. That sobering assessment, issued Monday [...]


March 23, 20101 CommentRead More

Our spending is BAD for our national security

Yesterday in the Washington Times there was an article about how the Chinese see the U.S. debt as a weapon. It was quite the formidable threat. Gen. Luo warned that China could attack the U.S. “by oblique means and stealthy feints,” and he called for retaliation for the arms sale. “For example, we could sanction [...]


February 11, 2010No CommentRead More

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