Economist Steve Keen On "The Case Against Bernanke" - By Mike Shedlock (27/1/10) PDF Print E-mail
Mike Shedlock   
Wednesday, 27 January 2010 15:11

Globaleconomicanalysis

Steve Keen, a widely respected economist from Australia is leading the way with a scathing attack on the qualifications of Fed chairman Ben Bernanke.

Specifically, Keen says "Bernanke's ignorance of the factors that really caused the Great Depression is a major reason why the Global Financial Crisis occurred in the first place."

Of course I agree, having said so many times over the past several years. The effect might be better coming from a top-notch economist who understands more than Bernanke does about debt.



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US Democracy's End Of The Road - By Robert Parry (26/1/10) PDF Print E-mail
Robert Parry   
Tuesday, 26 January 2010 08:43

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The Arsenal Of Kleptocracy - By David Glenn Cox (26/1/10) PDF Print E-mail
David Glenn Cox   
Tuesday, 26 January 2010 08:39

OpEdNews

History moves in fits and starts, traveling stealthily until suddenly it erupts like a volcano and something new is born. Like the pangs of birth, we can see it coming and even more we can feel its presence. After the Supreme Court ruling in the case of Bush vs. Gore, I thought that never in my life I would ever live to see a worse decision than the Supreme Court's ruling yesterday.

The way in which the media has handled the news of this latest decision is case in point of how catastrophic the ruling is. Mainstream internet news sites barely mentioned it and in many cases ignored it completely in favor of movie news and Conan O'Brian's departure from NBC.



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Illusions Of The Age Of Keynes - By Douglas French (26/1/10) PDF Print E-mail
Douglas French   
Tuesday, 26 January 2010 08:37

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Hyperinflation, Money Demand, And The Crack-Up Boom - By Thorsten Polleit (25/1/10) PDF Print E-mail
Thorsten Polleit   
Monday, 25 January 2010 08:52

Mises Daily

Hyperinflation

In the early 1920s, Ludwig von Mises became a witness to hyperinflation in Austria and Germany — monetary developments that caused irreparable and (in the German case) cataclysmic damage to civilization.

Mises's policy advice was instrumental in helping to stop hyperinflation in Austria in 1922. In his Memoirs, however, he expressed the view that his instruction — halting the printing press — was heeded too late:

Austria's currency did not collapse — as did Germany's in 1923. The crack up boom did not occur. Nevertheless, the country had to bear the destructive consequences of continuing inflation for many years. Its banking, credit, and insurance systems had suffered wounds that could no longer heal, and no halt could be put to the consumption of capital.[1]



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