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I need a recommendation about a good book on Financial Markets/Analysis from an Austrian perspective. I tried to read a few books on this topic but I keep finding unbelievable errors and ignorant statements by the authors all over the place. I mean if they are Keynesians, Marxists or followers of any other from the long list of pseudo-economists, then
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A few years ago I had read an essay which predicts that "in the future" the ruling class would not be the capitalist class nor the workers class (the guy who wrote the text was a communist/Marxist so this is why the unfortunate expression), but the manager class. He talked about the rise of the manager class and the comming time when capitalist
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[quote user="Ansury"] [quote user="I. Ryan"] I believe that he meant that the borrowing itself was not the fundamental issue; instead, the borrowing itself was a symptom of the disease. [/quote] This is true. What I had specifically in mind is the Austrian Theory of the Trade/Business Cycle, although admittedly this specific "meltdown"
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[quote user="I. Ryan"] I believe that he meant that the borrowing itself was not the fundamental issue; instead, the borrowing itself was a symptom of the disease. [/quote] The symptom of the disease was miss-investment or with other words the direction of capital use to wrong places, which in turn results in higher levels of consumption
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Sure, he isn't say everything, but I would like to see influential people to see at least half of this. I agree with you that "overheating" is not the right word, but I must disagree with you that borrowers are not to blame. As Mises told us many times, nothing in the world can't happen without the consent of the majority. The majority
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I watched today Steve Ballmer's (Microsoft CEO) remark to Microsoft partners at the World Partner Conference about the economy. Here is the quote: "I've touched on it a little bit, and I'm just going to give you a little bit more of our context on the economy. As a number of folks now do, I refer to what we're going through globally
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Hello, I would like to write a short essay concerning the following idea. I would appreciate if I can get a few tips and suggestions on the subject. Thank You in advance. So here is the short idea: What have Henry Ford and the Chinese in common? The year was 1914, Henry Ford raised the wage of his workers from 2 to 5 dollars a day and shorten the working
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A friend of mine who sells some artwork trough a US web site (Shutterstock) got an email that they will withold 30% of his "income" because of new tax regulations. Now he is a foreign guy who are in Europe and never even visited the US. I understand that only US citizens and residents are taxable. Am I right? The email he get contain the next
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Normal 0 false false false MicrosoftInternetExplorer4 These days I am thinking a lot about the stock markets :) and I started to question the "conventional explanation" on many things. First I started to question that a stock market is a capital market, second what about market capitalization; they say it is the worth of a company on the market
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[quote user="aperetti"] it is said that the nuclear bomb saved more lives then it destroyed. [/quote] And why would killing 10 man be worst than killing 9 or 1 for that matter? Killing is killing a terrible crime, numbers has no meaning in it. The important thing is that you can kill someone in self defense (that is what soldiers does most