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As much as the folks on tv tell you that no one could have seen the financial crisis unfolding like it has, the fact is that economic phenomena is not a mystery. Economist from the Austrian school, among others, have been warning about the inevitable results interventionist monetary policy for years. Unfortunately, as is usually the case, factual information is omitted, misrepresented, and/or buried by the games of politicians.

I have written about the Politics of Economics and why it is the special interests of Washington that always get the spotlight and not the folks teaching the lessons of sound economic theory.

Here is a great video contrasting the approach of the Keynesians and the Austrians. Observe how Ben Bernanke and the other Keynesians disintegrate principles and confound mindless 'facts'. Contrast the Keynesian predictions against the warnings from Peter Schiff and other economists schooled in Austrian theory.

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Question of the day:

WHY ARE WE STILL FOLLOWING THE ADVICE OF THE PEOPLE THAT DIDN'T SEE THE FINANCIAL CRISIS COMING? ARE THESE NOT THE SAME PEOPLE THAT CAUSED THE FINANCIAL CRISIS IN THE FIRST PLACE?




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