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Mises Economics Blog

Reality Check

May 22, 2009 10:07 PM by Jeffrey Tucker (Archive)

Everyone once in a while I muster the courage to look at the big picture in our markets and data page. Have a look. Chilling. It is the very picture of how governments and central banks destroy the world.

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Comments (9)

  • jason

    Yeah, they are chilling. But I still do not get why you show these. Any of the data, does not specifically mean anything. For instance. If the money was not fiate money, the money supply going up like this would not indicate anything bad. The data in and of itselft does not indicate anything good or bad. It is the interference in the market causing problems.

    Don't take this the wrong way, my friend. But it seems you are undermining the austrian case for the freemarket.

    Published: May 23, 2009 2:20 AM

  • jeffrey

    Your theory that if the money weren't paper this wouldn't matter is off a bit. If the money weren't paper, this wouldn't be happening.

    More than that, though, I'm struck by the relationship between the trends: investment, imports, money, unemployment, deficit, interest rates. What an amazing calamity.

    Only the most dedicated Keynesian could be upbeat right now.

    Published: May 23, 2009 6:12 AM

  • cliff

    A number of the long term plots show significant changes in slope (upwards) subsequent to 1971--I am certain many of you know what happened in 1971...

    Published: May 23, 2009 7:00 AM

  • Franklin

    "Only the most dedicated Keynesian could be upbeat right now."

    You underestimate their loyalty and faith.

    Published: May 23, 2009 9:19 AM

  • Bruce Koerber

    Classical Liberalism Protection
    Saturday, May 23, 2009

    Even Empirical Data Mean Nothing To Keynesians!

    The empiricists will have difficulty being upbeat after looking at this data but the Keynesians could very easily be upbeat.

    When push comes to shove the Keynesians have a fall back position well beyond the empirical data and that fall back position is animal spirits. Since no one can define 'animal spirits' it permits the ultimate quackery of Keynes to go along its happy path of the destruction of a capitalist economy so socialism can take its place.

    In case anyone does not realize this, that is the whole purpose of, and the devious scheme within, the perverted mind of Keynes.

    Published: May 23, 2009 10:46 AM

  • Briggs

    I only discovered this page a few months ago. I love it. It is always up to date. Is it automatically updated or does someone have to constantly work on it?

    Published: May 23, 2009 2:26 PM

  • Steve Hogan

    Jeffrey,

    I was trying to find this page last week. It wasn't obvious to me where it was. I looked in the literature portion of the site, but there wasn't any link to "markets and data" that I could find.

    I've bookmarked the page, so I won't be fumbling around trying to locate it. For others, they may never see this. It deserves more visibility.

    Published: May 23, 2009 9:42 PM

  • Caza

    Even more chilling is this:
    Ladies and Gentlemen: the US Is Insolvent


    "We are out of money." Barack Obama May 23, 2009
    Obama openly says what anyone with common sense has known for quite some time: the US is broke, and will not be able to honor its financial and fiduciary obligations...."
    http://www.c-span.org/pdf/obamainterview.pdf

    If the US is insolvent, how may I ask will the it honor her financial obligations?

    with MORE credit and more dollar devaluation?

    Published: May 23, 2009 9:57 PM

  • Mac

    @Briggs
    The page is updated both automatically and semi-automatically. Nearly all the graphs are updated as soon as they are updated by whoever updates them. But there is one graph, the "True Money Supply," for which the data are compiled separately on the Mises server.

    @Steve Hogan
    The link to the page is on the homepage. Right under the "Mises Daily Archive," you will find "Quick Links." The second link in the list is the page you are looking for: "Stocks, Commodities, Money Aggregates, and Macro-trends."

    Cheers

    Published: May 24, 2009 1:55 PM

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