More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Economy - Economics USA

Economic Death Spiral

8-5-2012 • Free Press Publications

If I said an economist said that the American economy was heading into a “death spiral,” most people would likely think I was referring to Peter Schiff, Bob Murphy or someone from the Mises Institute. They would be wrong. Reuters reports Richard Duncan, formerly of the World Bank said, “After a four-decade-long, $50 trillion expansion of credit, if credit now begins to contract, the debt-deflation death spiral of the kind described by Irving Fisher would destroy our civilization. Austerity is death.” Whether Duncan is right or wrong about how to proceed, the economy will eventually collapse. The question is not “How do we stop it?” The question is “Are you prepared?”

Read Full Story

Reported By Darryl W. Perry

Make a Comment • Email Link • Send Letter to Editor