Fundamentals Are … Fundamental
The Austrian school is the only school of thought built on a solid foundation. The Austrian school's a priori knowledge is apodictically true, and not subject to time or place.
The Austrian school is the only school of thought built on a solid foundation. The Austrian school's a priori knowledge is apodictically true, and not subject to time or place.
Bankruptcy is a normal part of economic life, covered by laws that guarantee stockholders will be compensated as much as possible.
Jeffrey Tucker interviews Bob Murphy. Recorded 21 October 2008.
Jeffrey Tucker interviews Jesus Huerta de Soto on the current market conditions. Recorded 14 October 2008.
A return to sound money is needed. This would, as outlined by many Austrian economists, require putting an end to government's monopoly over monetary affairs.
By outlawing short selling, the Securities and Exchange Commission outlawed a practice that produces information necessary for financial markets to function smoothly.
Jeffrey Tucker interviews Kevin Duffy. Recorded 8 October 2008.
Personally, I am still a long-term optimist, but as a student of the Depression I know that Congress and the executive can do much damage before the long term gets here, and indeed, they can delay its arrival indefinitely.
Economic agents in general and companies in particular can only rehabilitate their finances by cutting costs (especially labor costs) and paying off loans.