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Tag Archives: Free Market
The History of Classical Liberalism – Learn Liberty
College and Housing Bubbles
College and Housing Bubbles
Rethinking Economics
Armstrong Economics Blog/Economics
Re-Posted May 23, 2019 by Martin Armstrong
The BBC wrote a piece on the failure of economics. “Many non-economists will say that the economists must have been stupid not to realise what was wrong with their subject. All that I’ve set out here should have been obvious,” the article commented. Indeed, the field of economics has been really a disaster because people are still trying to manipulate it and create the land of Utopia. They assume the power to control and eliminate the business cycle exists, which began with Karl Marx.
We have people focusing on the disparity of income who argue that is the whole problem. Nobody seems to have a mirror or is willing to just look at themselves. Nobody will even question why governments are borrowing year after year with no intention of ever paying anything off. We constantly have fights over raising debt ceilings that will always have to be raised. The question is never asked: “Do we have to revise both the monetary system and the political system to prevent massive civil unrest?” This battle waged by the left to subjugate the right only leads to violence.
Sweatshop Wages and Third-World Workers: Are the Wages Worth the Sweat?
Australian Conservatives Win by Thin Margin
Armstrong Economics Blog/Australia & Oceania
Re-Posted May 20, 2019 by Martin Armstrong
Australia’s center-right government won a surprise victory over the left. Voters backed the center-right government in a slowing economy for another three years and rejecting the opposition’s progressive agenda which has been really pretty out there at times. Despite trailing in most opinion polls for years, Scott Morrison’s Liberal-National coalition won attacking Labor’s pledge to take tougher action on climate change and strip tax perks from wealthy Australians. Many are calling Labour’s loss for its leader Bill Shorten, the shock of all time up there with the loss of Hillary Clinton because the polls just got it wrong again.
Debt Loops Rationale and Effects
Published on Oct 25, 2010

