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标签:健康

董氏奇穴配合五输穴减肥

(2009-12-18 19:57)
标签:财经

中国高储蓄率之惑

(2009-12-17 08:10)
标签:杂谈

Seeking compromise

Slow, if any, progress is being made at the Copenhagen climate-change talks

THE Copenhagen climate conference is supposed to be making a fresh start, as ministers and heads of government prepare to arrive in the Danish capital in the coming days. Instead, it has endured a fresh stall. The meeting was to focus on two sparkling new texts that are notable at least for their concision. The draft statement for one of the two main “tracks” of discussion (on long term co-operation) has shrunk from 179 pages at the beginning of last week to six.

But on Monday December 14th progress on the substantial discussions stuttered, more or less, to a halt as poorer countries, grouped as G77 and China, walked out temporarily. By the time things had started again some of the sessions were facing their first late-night negotiations. There will be a lot more.


The problem was not specifically over the strength of the measures being called fo

(2009-12-11 14:09)
标签:杂谈

.

 

 10月份信贷 “谜底”终于揭晓,紧缩迹象渐显。

  昨日央行发布数据显示,10月份我国新增人民币

标签:财经

Double dip warning

I’ve never been fully committed to the notion that we’re going to have a “double dip” — that the economy will slide back into recession. But it has been clear for a while that it’s a serious possibility, for two reasons. First, a large part of the growth we’ve had has been driven by the stimulus — but the stimulus has already had its maximum impact on the growth of GDP, will hit its maximum impact on the level of GDP in the middle of next year, and then will begin to fade out. Second, the rise in manufacturing production is to a large extent an inventory bounce — and this, too, will fade out in the quarters ahead.

Two stories this morning highlight the risks. The WSJ has a report on highway construction titled Job Cuts Loom as Stimulus Fades:

Highwa

(2009-11-30 12:15)
标签:财经

Causes of Great Depression

 

The Great Depression was a period of unprecedented decline in economic activity. It is generally agreed to have occurred between 1929 and 1939. Although parts of the economy had begun to recover by 1936, high unemployment persisted until the Second World War.

Background To Great Depression:

  • The 1920s witnessed an economic boom in the US (typified by Ford Motor cars, which made a car within the grasp of ordinary workers for the first time). Industrial output expanded very rapidly. Sales were often promoted through buying on credit. However, by early 1929, the steam had gone out of the economy and output was beginning to fall.
  • The stock market had boomed to record levels. Price to earning ratios were above historical averages.
  • The US Agricultural sector had been in recession for many more years
  • The UK economy had been ex
(2009-11-29 10:51)
标签:杂谈

Monetary stimulus is no help either. To the contrary, it only intensifies the problem. In Human Action, Mises compared an economy under the influence of artificial credit expansion to a master builder commissioned to construct a house that (unbeknownst to him) he lacks sufficient bricks to complete. The sooner he discovers his error the better. The longer he persists in this unsustainable project, the more resources and labor time he will irretrievably squander.

Monetary stimulus merely encourages entrepreneurs to continue along their unsustainable production trajectories; it is as if, instead of alerting the master builder to his error, we merely intoxicated him in order to delay his discovery of the truth. But such measures make the eventual bust no less inevitable — merely more painful.

If the Austrian view is correct — and I believe the theoretical and empirical evidence st

(2009-11-29 10:48)
标签:杂谈

If this absurd attempt at a theory were correct, the world would be in a constant state of depression. There was nothing at all unusual about the pattern of American wealth in the 1920s. Far greater disparities have existed in countless times and places without any resulting disruption.

In fact, the Great Depression actually came in the midst of a dramatic upward trend in the share of national income devoted to wages and salaries in the United States — and a downward trend in the share going to interest, dividends, and entrepreneurial income.[9] We do not in fact need the violent expropriation of any American in order to achieve prosperity, thank goodness.

It is not enough, however, to demonstrate that prosperity happened to follow upon the absence of fiscal or monetary stimulus. We need to understand why this outcome is to be expected — in other words, why the restoration of prosperity in the absen

(2009-11-29 10:46)
标签:杂谈

The Forgotten Depression of 1920

Mises Daily: Friday, November 27, 2009 by

[This article was first published in the Fall 2009 issue of The Intercollegiate Review.]

It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so.

Far from viewing the past as a potential source of wisdom and insight, political regimes have a habit of employing history as an ideological weapon, to be distorted and manipulated

标签:杂谈

 

For centuries, in peace and in war, in prosperity and in adversity, Americans have paused at this time of year to gather with loved ones and give thanks for life’s blessings. This week, we carry on this distinctly American tradition.  All across our country, folks are coming together to spend time with family, to catch up with old friends, to cook and enjoy a big dinner – and maybe to watch a little football in between.

As always, we give thanks for the kindness of loved ones, for the joys of the previous year, and for the pride we feel in our communities and country. We keep in our thoughts and prayers the many families marking this Thanksgiving with an empty seat – saved for a son or daughter, or husband or wife, stationed in harm’s way. And we say a special thanks for the sacrifices those men and women in uniform are making for our safety and freedom, and for all those Americans who enrich the lives of our communities through acts of kindne

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