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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Little Joe who wrote (93837)2/6/2009 4:32:08 PM
From: benwood  Read Replies (1) of 116555
 
The more I hear about the 'wisdom of the bailout' the more the reporters seem to buy into it. I'm hearing non-stop talk about Keynesian economics nowadays, and zilch from Austrian economics.
'
As an aside, I just started reading Jarad Diamond's, "Collapse," and in an early chapter, he actually says (in 2006 I think, and I paraphrase) that 'a collapse of the US seems inconceivable at present.' I'd be curious to know what he thinks today, about 2.5 trillion dollars in debt later.
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