View Full Version : The Bailout Reader
09-27-2008, 08:08 PM
I thought I'd share this resource from the Mises institute. They're calling it "The Bailout Reader" and it's essentially a resource of common sense explinations that anyone can understand without needing to have an MBA in economics to comprehend.
The first thing that you might notice is that the Austrian School of Economics has been talking about this impending situation for years (even decades), while the more "mainstream" economists have been telling you things like "the economy is fundamentally strong and sound."
Check it out:
The Bailout Reader (http://mises.org/story/3128)
09-27-2008, 08:11 PM
Thanks for posting this, TJ. I've always been interested in this stuff. Looks like a lot of reading. ;D
09-27-2008, 09:05 PM
But wait! There's more!
Some of the most eye-opening, mind expanding reading you could possibly do in a time like now:
The Road to Serfdom (http://books.google.com/books?id=fLovVMN6swkC&printsec=frontcover&dq=Hayek&ei=x_PeSILXDI-4swPhi-TeDg&sig=ACfU3U2-i2SKriEFQ8TRIOt_O9THx9A99Q#PPA266,M1)
By F.A. Hayek, Nobel Prize Winning Economist
Boy are you a nut TJ how can you insinuate there is a Fascist force quietly taking over our country and they are in their end game of that take over. Why you might as well say the rambling nut Baja or the completely off his rocker Gaff are really foretelling the future. You are not going to lower yourself to that insanity are you. You will not insult our great nation by those insinuations will you? Next you will be telling us Ron Paul has it 100% right including troops ready in the wings to enforce marital law. You are starting to sound un-American dude....
Bump for your reading pleasure, it's required!
PS. Your avatar cracks me up TJ.
09-30-2008, 01:23 PM
Something important to note:
Our current financial system is a debt based system. To get a better understanding of what this means to the every day person, here is a great video which explains the debt based system concept in layman's terms.
Watch this video keeping in mind that this crisis is about the problem of a credit freeze:
Money as Debt
<embed id="VideoPlayback" src="http://video.google.com/googleplayer.swf?docid=-9050474362583451279&hl=en&fs=true" style="width:400px;height:326px" allowFullScreen="true" allowScriptAccess="always" type="application/x-shockwave-flash"> </embed>
09-30-2008, 01:38 PM
Gotta love the "real estate roller coaster". At least I played that one right. Bought at a low point, refinanced at a low point, and almost done makin' payments!:wiggle: