Umass Amherst invites a convicted terrorist to speak.
A piece on the Examiner about Umass's invitation of human garbage. We all know that Amherst is a liberal bastion, but even liberals have their limits.
The 2009 credit boom is coming to an end.
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust. Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression. It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings. More consumption equals less saving and less consumption more saving. In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production. Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process...
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