The specter of sovereign insolvency is haunting the world
Have we crossed the point of no return?
Ludwig von Mises Institute
by Philipp Bagus
A specter is haunting the world, and especially Europe: the specter of a sovereign insolvency. The acute sovereign-debt crisis is largely the result of government interventions in response to the financial crisis. As Austrian business-cycle theory explains, the credit expansion of the fractional-reserve-banking system had caused an unsustainable boom...
http://mises.org/daily/4352
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=government+intervention
http://freepage.twoday.net/search?q=debt
http://freepage.twoday.net/search?q=banking+system
http://freepage.twoday.net/search?q=Philipp+Bagus
Ludwig von Mises Institute
by Philipp Bagus
A specter is haunting the world, and especially Europe: the specter of a sovereign insolvency. The acute sovereign-debt crisis is largely the result of government interventions in response to the financial crisis. As Austrian business-cycle theory explains, the credit expansion of the fractional-reserve-banking system had caused an unsustainable boom...
http://mises.org/daily/4352
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=government+intervention
http://freepage.twoday.net/search?q=debt
http://freepage.twoday.net/search?q=banking+system
http://freepage.twoday.net/search?q=Philipp+Bagus
rudkla - 21. Mai, 10:10
