On May 26, 8:35Â*am, ∅baMa∅ Tse Dung wrote:
In a recent article at the Huffington Post, Lynn Parramore assembled a
team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see these
economists laud the fact.

Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily

http://mises.org/daily/4349

There's no scarcity of goods, and soon, thanks to this crisis, they'll
be piling up in warehouses all over the world.

There's a scarcity of consumers with enough cash to buy those goods.
That's why the world will probably go into some kind of deflationary
spiral quite soon.


Lisa