World-News

http://www.lewrockwell.com/north/north739.html

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An announced recovery

Ayn R. Key
by Ayn R. Key

07/31/09

The economy continues to decay, but people in various media and government outlets were cheering the fact that the economy only shrank by one percent in the prior quarter, unlike the over six percent shrinkage in previous quarters. That the economy continued to get worse is considered good news because it got less worse instead of more worse. Some, such as Bernanke, conclude that the economy will recover by the end of the year. Bernanke was saying the same thing back at the beginning of the year though, so the only real strong point he has is consistency. While unable to foresee the recession he sees that it will soon be over. Naturally anyone familiar with Austrian Economics can poke holes in the pronouncements of recovery...

http://aynrkey.blogspot.com/2009/07/announced-recovery.html


Informant: Thomas L. Knapp

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Ron Paul Corrects Bernanke's Doublespeak
http://www.lewrockwell.com/spl/most-important-economic-phenomenon.html



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