Föhrenbergkreis Finanzwirtschaft

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Archive for 21. Juni 2009

Why I Expect Serious Stagflation

Posted by hkarner - 21. Juni 2009

When doing interviews for my new book on the Great Depression, a natural question comes up: will the present crisis turn out as bad as the 1930s?

My standard answer is typical for an economist: „yes and no.“ On the one hand, there were very specific reasons that unemployment broke 25 percent in 1933, and we don’t have those factors in place today. So I don’t think the official unemployment rate will get anywhere near that catastrophic level, though it could very well come in at the #2 spot in US economic history.

However, even though unemployment rates will not be as severe, I still predict that we are in store for a miserable decade of economic stagnation. Given all of the huge assaults of the federal government into the private sector in just the past six months, I frankly don’t understand how anyone except true believers in Karl Marx can be seeing „green shoots.“

Aus dem Von Mises daily Blog vom 15. Juni.  Wenn Sie weiterlesen wollen http://mises.org/story/3488

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Too big to fail FAIL

Posted by hkarner - 21. Juni 2009

June 18, 2009. From Paul Krugman’s Blog at the New York Times

Too big to fail, even in 1982

I’m a big advocate of much strengthened financial regulation. One argument I don’t buy, however, is that we should try to shrink financial institutions down to the point where nobody is too big to fail. Basically, it’s just not possible. Den Rest des Beitrags lesen »

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