The Scourge of "Low Inflation" in Australia
Looking back ... the great American "stabilisation" of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme of investment ... which succeeded for a surprisingly long ... [... more]
Leithner |
Of High P/Es, Low Yields, Raging Inflation and ...
Of liberty I would say that, in the whole plenitude of its extent, it is unobstructed action according to our will. But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I ... [... more]
Leithner |
Of Real Estate and Cycles
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. As markets are cyclical, so ... [... more]
Leithner |
