Tuesday, May 04, 2010

Global shares tumbles on Greece debt fears

Whoops, butter fingers.

Ah, the diminishing impact of fiat currency Euros. How long did this 'Shock and Awe' bailout last? A day?

This is like Carl Lewis's advice on how to win sprint races. You don't run faster than the other guys, you just let them come back to you as the yards unwind.

The economies of the world are thus similarly trapped. They are trying to outsprint Austrianism through 'stimulus' packages of various hues, mostly 'stimulated' through the printing press.

But no matter how hard they try, Austrianism is going to come through the pack and take them all on the line. Because Austrianism is 'True' Economics, and Keynesianism is 'Fantasy' Economics. And the truth will out. Eventually.

Just keep reading Lew Rockwell, Mises.org, and the Cobden Centre, folks (and Britain's leading Austrian-anarcho-capitalist web site too, while you're at it).

Can you hear them? The Austrians are coming.

2 comments:

Katabasis said...

You're not going to believe this!

Gekko said...

Did you read this guy too?

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7675641/Nouriel-Roubini-forget-sub-prime-mortgages.-Its-the-sub-prime-financial-system-we-need-to-fix.html

More regulation, blah, blah. Oh that didn't work, then MORE regulation blah, blah. Broken system, naughty banks, hey lets get the govt to fix it. Sigh.