Tuesday, October 7, 2008

A treasure trove of what, and why, went wrong (hint, rhymes with big government)

Gary north pointed out that lew Rockwell has compiled a list of warnings that were given. If you spend a little time over the coming weeks to read some of these you will be more informed than most of congress. You will start nodding your head up and down next time you hear Ron Paul talk. “Oh that’s what he’s talking about...

The Recession Reader: There is No Such Thing as a Free House by Lew Rockwell

Someone once remarked that the best indicator of a recession is the number of times "Mises" "Hayek" or "Austrian" appear in the newspapers. During the boom, no one wants to listen to the lessons of the Austrian economists. No one wants to hear that we need to live within our means – that the Federal Reserve does not have the power to print us into prosperity by artificially creating credit. So while the writers of LewRockwell.com were warning against the housing bubble and the inflationary nature of the Fed, the mainstream was touting the economic wisdom of Bernanke and Greenspan. When this recession hit, it seems everyone except the Austrians was caught off guard. Commentators, bureaucrats, and politicians began panicking, "Something must be done! This is Something…therefore it must be done!"

Instead of looking to the mainstream for answers to this crisis, why not look to those who saw it coming?...hyperlink bonanza here

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