“The ides of March are come.
Soothsayer: Ay, Caesar; but not gone.”

Dow plunges 10% and marks worst day since the 1987 crash as coronavirus crushes Wall Street’s buying sentiment.

Coronavirus is the pin. Do not confuse the pin for a bubble with the bubble.

Keep printing money. Keep investing in the stock market. The baby boomer generation has blown out the monetary system. Wait until everyone realizes that the elites have stolen your retirement. All bubbles must pop. All fiat monetary systems breakdown. We need to restore private property rights. We need real economic growth and real money. We do not have the government determine the price of milk. Why would we expect them to know the right price of money?

This is an excellent documentary explaining Sweden’s battle between economic freedom and intervention. I have been reading about Adam Smith lately. Of course, a Scandinavian had already come up with the idea of the invisible hand of the market before the great Scot.

Anders Chydenius

 

When will it end? Austrian economists get to be right again. Establishment economists get to feign ignorance and prime for the next bubble.

Wow! Largest single point drop in history.