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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (72617)4/1/2011 11:49:43 AM
From: TobagoJack  Respond to of 218309
 
just in in-tray

acting man updates:

1. Two Lectures from the Austrian Scholars Conference

A) Mustafa Akyol on the Commercial Heritage and Contribution of Islam. This is an extremely interesting lecture looking back at the history of Islam's golden age and how it was made possible by an interpretation of the Q'ran that emphasized individual liberty while circumscribing the powers of earthly rulers. It also informs us how a developing trend toward classical Liberalism in Islam during the 19th century Ottoman empire was cut short due to WW I and gave way of the more rigid collectivist ideology we are familiar with today.

B) Jeffrey Tucker on How to Improve Society

A look at a famous entrepreneur of America's Gilded Age, the meatpacking tycoon Philip Danforth Armour. The Gilded age arguably laid the foundation for US prosperity and affects us to this day. An age before the encroachment of the welfare-warfare State into every aspect of human life, when society's heroes were those who best served consumers instead of those wielding the powers of coercion and compulsion of the State.
A very uplifting lecture and a must-see for budding entrepreneurs.
acting-man.com

2. Argentina on the Cusp of Hyperinflation
While the news were dominated by a great many other things, it appears as though the inflationary crack-up boom in Argentina is close to getting out of hand. Due to being a large exporter of food, Argentina is a rare QE profiteer among emerging market nations. Its government is spending money freely and its Yale educated central bank governor thinks expanding the money supply by nearly 30% p.a. will have no effect on prices. In a typical inflection point for currencies well on the way to immolation, the central bank finds it can not print enough money to satisfy the demand for cash.

Argentina provides us with an interesting real life case study of a crack-up boom as it enters its final stages. At the moment, everybody still seems to be profiting from it, but there are worrisome signs that an inordinate amount of real capital has been consumed already. Meanwhile, the flight into hard assets is in full swing.
acting-man.com