Yes. It is based on what I believe is an incorrect theory of how an economy works. Therefore I do not agree with it. That is why my opinions usually differ from what is heard from mainstream economists. Just one example: In the article you linked - "Helped by quantitative easing". I think quantitative easing only delays the inevitable adjustment needed to correct the malinvestment caused by a credit induced economic boom. I think QE is of no help at all but simply a band-aid put on a hemorrhaging gash. Here is some reading more to my way of thinking. Mises.org Here is also someone who thinks they have it wrong and I put a lot of faith in what this guy says. When he talks, I make time to listen. Jim Rickards As always, my opinion only. John
Edited by John Burns 11/4/2013 22:33
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