The economy can be great as long as they are not sponsored by Governments!

Ludwig von Mises was born on September 29, 1881, in Lemberg, Austria-Hungary (now Lviv, Ukraine), to Jewish parents Arthur Edler von Mises and Adele von Mises (née Landau). Arthur was stationed there as a construction engineer with the Czernowitz Railroad Company. Mises had two younger brothers: physicist Richard von Mises, and later Karl von Mises, who died in infancy from scarlet fever. When Ludwig and Richard were small children, his family moved back to their ancestral home of Vienna...read more...

Inflation and Deflation:  The definitions of Inflation and Deflation are extremely hard to understand and are, most of the time, explained incorrectly:

• Inflation is not an increase in the price level of goods and services. It is a more-than-proportionate growth in credit and the money supply. The consequence of this growth is mostly, but not necessarily, an increase in the price level of goods and services.
• Deflation is not a decrease in the price level of goods and services. It is a reduction of credit and money supply. The consequence of this action is mostly, but not necessarily, a fall in the general price level of goods and services....read more...

 The Credit Crunch and Fractional Reserve Banking

With free capital markets, investment capital flows in greater amounts to more profitable industries and producers and in smaller amounts to less profitable, declining industries and producers. The unencumbered free market also regulates capital allocation to meet consumers' changing needs.

 The Plunge Protection Team PPT (the modern Gold Pool)

"First, the speculators get blamed for the problem of high food and raw material costs. Second, government bureaucrats and officials begin meddling, thinking their intervention will cure the problem." The first step was to start a vast communication offensive. It uses the same logic as was used for the Iraqi situation before the 2004 presidential election: preventing voters from becoming aware of the extent of the disaster in progress by flooding them with fictitious news, by drowning "bad" objective news in a multitude of "good subjective news" (this is what an .....read more...[old link]

Peak Oil

Government officials and public opinion still have not understood what is really happening with energy and how Inflation, Hyperinflation, and demand that meets inelastic Supply affect our daily lives and society. Read more.

Subprime CDOs (structured products), what are they, and how do they affect the banking system?...read more...

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