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Richard Ebeling on Higher Interest Rates, Collectivism and the Coming Collapse
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Werner
Jun 16, 2013, 6:15:09 PM6/16/13
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That uniqueness arose out of the fact that the American Founding Fathers constructed a political system in the United States based on a concept on which no other country was consciously founded: the idea of individual rights.
http://www.thedailybell.com/29216/Anthony-Wile-Richard-Ebeling-on-Higher-Interest-Rates-Collectivism-and-the-Coming-Collapse
http://www.thedailybell.com/29216/Anthony-Wile-Richard-Ebeling-on-Higher-Interest-Rates-Collectivism-and-the-Coming-Collapse
wien9al...@gmail.com
Jun 20, 2013, 12:25:21 AM6/20/13
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> Richard Ebeling on Higher Interest Rates, Collectivism and the Coming
> Collapse
> as long as the government-measured unemployment rate remained above 6.5
> percent and CPI-measured price inflation remained no higher than 2
> percent at an annual rate.
> In my opinion, China is heading for a great economic crisis, resulting
> from a highly imbalanced and distorted economic system still guided
> far more by politics than sound market decision-making.
> Economic illiteracy and the woeful results that stem from it affect
> everyone. And if you don't understand how economics works, how money
> works and who controls the levers of power, you are truly destined to
> experience the worst that modern society has to offer.
..... Higher interest rates are designed to reduce spending during too good economic times.
..... Collectivism is supposed to help those who need and want help.
..... I do not think that there is a collapse coming soon.
..... Use these numbers as indication whether or not the recession is at an end.
..... China's economic current well-being results apparently in the miseries in the West, and China will have a crisis if there is not enough inflow from the West eventually.
..... There is no need for students to learn more about what they will not be able to change after they will have finished their studies. Fine-tuning of the economies and related systems in all countries is quite difficult and even the experts may get it wrong. Proper timing is essential.
> Collapse
> as long as the government-measured unemployment rate remained above 6.5
> percent and CPI-measured price inflation remained no higher than 2
> percent at an annual rate.
> In my opinion, China is heading for a great economic crisis, resulting
> from a highly imbalanced and distorted economic system still guided
> far more by politics than sound market decision-making.
> Economic illiteracy and the woeful results that stem from it affect
> everyone. And if you don't understand how economics works, how money
> works and who controls the levers of power, you are truly destined to
> experience the worst that modern society has to offer.
..... Higher interest rates are designed to reduce spending during too good economic times.
..... Collectivism is supposed to help those who need and want help.
..... I do not think that there is a collapse coming soon.
..... Use these numbers as indication whether or not the recession is at an end.
..... China's economic current well-being results apparently in the miseries in the West, and China will have a crisis if there is not enough inflow from the West eventually.
..... There is no need for students to learn more about what they will not be able to change after they will have finished their studies. Fine-tuning of the economies and related systems in all countries is quite difficult and even the experts may get it wrong. Proper timing is essential.
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