sure Interestingly, if you take a free market approach you can only see decline seems that government spending and taxation and its affect on the market mechanism will end in tears
taxation can't seem to keep pace with spending. Governments usually borrow and go into debt Eventually, a point comes where the cost of servicing the debt interferes with government's ability to pay its public servants this then leads to money printing and inflation Assets go up in value and the wages of workers buy less and less
faber and the other austrian economists seem to think the only answer is to allow the free market mechanism to work ie no government bailouts no trade unions no welfare etc etc Anyway, it seems that he thinks that any government interence whether it is via control over interest rates or paying out money on dole payments etc will result in decline in the economy.
faber with his pig tail and all his talk about smoking dope and visiting bars in pat pong road is a real conservative
