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Recommended economics writing
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Mar 9th 2011, 22:10 by R.A. | WASHINGTON
TODAY'S recommended economics writing:
• Slowing China (Project Syndicate)
• What will Saudi Arabia do? (Econbrowser)
• Inequality and mobility at the top (Lane Kenworthy)
• Technology in the gaps (Noahpinion)
• Business cycles and markets (Calculated Risk)
• Managing millennials (Paul Kedrosky)
About Free exchange
In this blog, our correspondents consider the fluctuations in the world economy and the policies intended to produce more booms than busts.
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Kedrosky's investment advise is very good!
Of course mainstream economists can't predict the humidity in a thunderstorm, but that's because their business cycle theory is nothing but !@#$% happens! And their monetary theory is scrawny at best.
Follow the Austrian business cycle for investment timing: loose monetary policy inflates the stock market; the Ricardo Effect pops it.
For more detail see the section of the stock market in Jesus Huerta de Soto's "Money, Bank Credit, and Economic Cycles." available at mises.org/books/desoto.pdf