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Josh

Member since: Oct 1st, 2008

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Engadget's recession antidote: win an Energizer Induction Charging System for your Wiimotes!

Jun 1st 2009 6:57PM (Engadget)
To fix the economic crisis simply allow the depression to take place liquidating the bad assets that were spawned through an inflationary monetary policy. The modern business cycle (i.e. boom -> bust) is caused through artificially low interest rates (thanks Federal Reserve) that causes malinvestment in an unsustainable boom. Austrian economists saw this coming years ago because they understand the modern business cycle - maybe ask the people that saw what was happening instead of those who caused it.

Hazzah - problem solved.

Joyswag: LittleBigBeta code giveaway, day two

Oct 1st 2008 12:34AM (Joystiq)
LBP would be great right now.

Keep up the great work,
Josh

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