Ludwig von Mises
was born on September 29, 1881 in the city of Lemberg, Austria-Hungary,
(now Lviv, Ukraine), to Jewish parents Arthur Edler von Mises and Adele
von Mises (née Landau). Arthur was stationed there as a construction
engineer with Czernowitz railroad company. Mises had two younger brothers:
physicist Richard von Mises, and later Karl von Mises, who died in infancy
from scarlet fever. When Ludwig and Richard were small children, his
family moved back to their ancestral home of Vienna...read more...
Inflation and Deflation
definitions of Inflation and Deflation are extremely hard to understand
and are, most of the time, explained incorrectly:
is not an increase in the price level of goods and services. It
is a more than proportionate growth of credit and money supply. The
consequence of this growth is mostly, but not necessary an increase in
the price level of goods and services.
is not a decrease in the price level of goods and services. It is
a reduction of credit and money supply. The consequence of this action
is mostly, but not necessary a fall in the general price level of goods
and service...read more...
Crunch and Fractional Reserve Banking
capital markets, investment capital flows in increased amounts to the more
profitable industries and producers, and in decreased amount to the less
profitable declining industries and producers. Thereby the unencumbered
free market also regulates the allocation of capital to meet the changing
needs of the consumers...read more...
Plunge Protection Team PPT
"First, the speculators
get blamed for the problem of high food and raw material costs. Second,
government bureaucrats and officials begin meddling thinking that their
intervention will cure the problem."
The first step was to start a vast communication offensive has started. It
uses the same logic as was used for the Iraqi situation before the 2004
presidential election: preventing voters from becoming aware of the extent
of the disaster in progress by flooding them with fictitious news, by
drowning “bad” objective news in a multitude of “good subjective news”
(this is what an ...read more...
officials and the public opinion has still not understood what really is
happening with energy and how Inflation, Hyperinflation and a Demand that
meets inelastic Supply affects our daily lives and society...read
High Order Capital Goods
(HOCG) and Low Order Consumer Goods (LOCG) and how they behave in
economic expansions (booms) and contractions (recessions) are very well explained by Ludwig von
Subprime CDO's (structured products)
what are they and
how do they affect the banking system?...read more...
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