Tuesday, May 11, 2010

Money is created ot order. Whose order?


Fekete on money and what is happening in the USA. Relevant to the world therefore. Austrian view. Anyone got a different view?

Eventually, alll the previously hot sectors die off, while the basics continue. Distrust of investment is inevitable in such a climate so new technology even when capable of a return is neglected. SMART economies do not prosper until the truth is established, via sound money.

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