Business cycles ("booms" and "busts") inevitably occur when central banks try to manipulate economies. When central banks use such manipulation, it is not fair to call such an economy a free-market economy. This article will explain what booms and busts are, and how they are caused.
Showing posts from September, 2011
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A patriot is wise when he mixes his patriotism with regard for all mankind and with self-searching introspection. But when he overlooks the mistakes of the country for which he holds his devotion, he is an unwise and a dangerous patriot. America is a great nation and hopefully always will be. Amid all the fervor of 9/11, I can think of no more patriotic duty than to contemplate our national mistakes and how we can correct them.