lunes, septiembre 15, 2008

Update sobre la USA recesión en ciernes...

... La nota es del profesor Don A. Rich en el Ludwig von Mises Institute

Extracto:

"Without wishing to cause a panic, the situation is actually significantly worse than the mere bailout of Fannie, Freddie, and the FDIC would suggest, once one places the bailouts in their proper historical and political contexts.

For the last sixty years, the United States has provided military protection for the European and Asian capitalist powers, all possessing economies governed by regulatory apparatuses analogous in character to the apparatuses of the American postwar New Deal. These apparatuses, especially when coupled to fiat money, have in common the fundamental flaw that they create economic instability via moral hazard.

This provision of American military protection has been supported by the imperial tribute of the acceptance of paper dollars — dollars at first theoretically backed by gold. Of course, this charade, described by Robert Triffin in 1960, ended in 1971 with the collapse of the Breton Woods system, exposing holders of dollars to massive losses and causing the Great Inflation of the 1970s"

***

¿Qué decir? Supongo que de lo que se trata - por parte del gobierno americano - es "aguantar" hasta las elecciones presidenciales. La "destorcida" vendrá entonces al final del año... :-(

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