In which John Case critiques the Austrian School of economics:
Its principles are as follows:
1. The business cycle is a completely virtuous cycle. Slumps are the price we pay for booms. Recessions are the just punishment for the excesses of previous expansions. The fact that the rich reap the rewards regardless, and the . . . → Read More: How to Argue Poorly
If the clouds of crisis enveloping Japan, the Middle East and North Africa hold any silver linings, they may be in the form of opportunity for resource investors, particularly in the uranium, oil, natural gas and alternative energy sectors—at least that’s how Rick Rule sees it. The widely known and well-respected founder of Global . . . → Read More: Rick Rule: Silver Linings
At 8:30 AM EDT, the monthly Personal Income and Outlays report for February will be released. The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.6%.
At 10:00 AM EDT, the value of the pending home sales index . . . → Read More: Economic Events on March 28, 2011