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Common wisdom about the Great Depression seems to be that Herbert Hoover was a free market, laissez-faire kind of guy, who mistakenly decided to “do nothing” and let the economy work itself out…merely watching as it spiraled down the drain. The rap on Hoover couldn’t be more wrong, says legendary libertarian economist Murray Rothbard. Hoover […]
Reuters reporting on George Soros’ testimony at the U.S. Conference of Mayors – whatever the hell that is: Soros said the United States needed “radical and unorthodox policy measures” to prevent a repeat of the Great Depression of the early 20th century that include recapitalizing banks and writing down the country’s accumulated debt. Also, he […]
Battle of the FlationsBy Bud ConradChief Economist, The Casey Report One of the most hotly debated topics among financial talking heads these days is, “Deflation or inflation, what is it going to be?” There is no question that we are currently experiencing asset price deflation and economic slowing. But we, the editors of The Casey […]
A short Jim Rogers interview on Bloomberg – I believe from December 11, 2008. He says he has covered his short position in US Treasuries for the time being, because the trade was going against him. He’s waiting to short them again, and describes US Treasuries as “the last bubble left.” Other thoughts from Jim: […]
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