At present most western governments are continuing to spend money they don’t have under the illusion that credit expansion can create wealth and get the economy moving again. They are merely delaying and increasing the size of the eventual bust.
The Austrian school of economists predicted the present crisis well in advance. And Ludwig von Mises and F A Hayek predicted the 1930′s depression using their business cycle theory. Unfortunately our present leaders are continuing with the failed policies of Keynes.
Many have not heard of the Austrian School of Economics as they make the case for limited government, competing commodity currencies, the abolishment of central banks and their central planning of interest rates. In my opinion its about time people looked at their ideas before the economy continues to get worse and we head towards hyperinflation and the devastation that will cause.
This music video will hopefully help spread the message that Keynes ideas need to die so that the economy can live
