Austrian School

A Fed Rate Hike Won't Solve the Current Crisis

This is an article that says you can help a drunk by keeping him in booze. You know, if you try to make him stop drinking he's likely to get very sick, so do the right thing and keep him drunk.

I agree with the previous poster in that inflation doesn't have to be in the form of higher wages. It could be that its just making everybody poorer (the money you have buys less of the things you need to live).

Low interest rates below what the level of savings would have naturally dictated is like taking human growth hormone. You can only get certain amoutn fo healthy growth, beyond that the HGH just creates tumors and other cancers. We've gotten to the point where the tumors have been able to buy enough influence in congress that they can keep the flow of HGH coming. Also, many people can no longer tell the difference between what is tumor and the original organism. So when the tumor shrinks they exclaim "our growth is stagnating, protect the growth"

Author lacks any sense of economic justice, all about how to keep a messed up system teetering along. I've venture to guess he doesn't know what a healthy system is supposed to look like, and just knows what he's experienced in his lifetime.