The financial crisis and the worst campaign question by Dr. Mark W. Hendrickson
“The one question that everyone wants Barack Obama and John McCain to answer now is: What will you do to fix the economy? This question is certainly understandable, but breathtakingly preposterous and pathetic.”
They are still getting it wrong on the recessionby Gerard Jackson
“If consumption was really responsible for our economic slowdown then it is obvious that firms at the lowest stages of production, those closest to consumption, would have been the first to feel the impact of any slackening in consumer spending.
“Instead we find that the higher stages of production — as predicted by Austrian economic analysis — started to contract before any fall off in consumer spending. In short, it is not consumer spending that is the driving force in the economy but aggregate business spending… “