October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus
To what extent are these just stopped clocks having their right-twice-a-day moment? I'd be more interested in people who were bullish and then changed their minds than people who've been bearish since the Clinton administration.
"the next major bust, if there is no major interruption such as a global war, will be around 2008."
Fred E. Foldvary. 1997. The Business Cycle: A Georgist-Austrian Synthesis. American Journal of Economics and Sociology 56(4): 521-41, quote at p. 538.
It appears that an html version is available online at:
http://www.foldvary.net/works/geoaus.html
The quotation given above appears in the conclusion.
The paper must have been written about 1995-96, so Fred called it a good 12 years in advance.
How exactly was real estate under-priced in 2001? I'd love to see some type of analysis to back up such a strong statement.
Schiff, Jim Rogers, and Marc Faber all say the dollar is going down, down, down. Given the Federal deficits and the ballooning balance sheet of the Fed, it is hard to see how we avoid high inflation/currency depreciation, but on the other hand people are willing to lend dollars long term at fairly nominal rates, so I must be missing something. I certainly don't buy long term bonds.