11 november 2009

Ludwig von Mises in wereldpers (Tuur Demeester)

Uit de Wall Street Journal, "The Man Who Predicted the Depression":

Ludwig von Mises was snubbed by economists world-wide as he warned of a credit crisis in the 1920s. We ignore the great Austrian at our peril today. (...) How curious it is that the guy who wrote the script depicting our never ending story of government-induced credit expansion, inflation and collapse remains so persistently forgotten. Must we sit through yet another performance of this tragic tale?

En ook Reuters, "For 'New Economics', Look to Old Economics":

When it comes to managing the business cycle, mainstream economics have failed rather spectacularly, their prescriptions leading to increasingly violent bubbles and busts. For this reason there have been calls for a “new economics.” To get there, perhaps we just need to rediscover forgotten economists like Hyman Minsky and Ludwig von Mises.

Twee weken geleden tenslotte, evenwel zonder diens naam te noemen, in Forbes Magazine, "Be Prepared For The Worst":

The large-scale government intervention in the economy is going to end badly (...) I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble. Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate (...) Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars (...) Government intervention cannot lead to economic growth (...) The only remaining option is to have the Fed create new money out of thin air. This is inflation.

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