We are Japan

The U.S. is going to be the new Japan - a few decades of a lackluster economy. How do I know? Besides studying Austrian economics, which provides a good roadmap, there's a quote in this article from a Keynesian economist from Stanford. Nuff said. When a Keynesian says one thing, expect the opposite. And expect to live a more subdued, quiet lifestyle as the economy struggles.

Weak dollar good for the U.S.?

Lately, some of the eternal optimists on the financial news channels, who constantly remind us that a recession will be avoided (sorry guys, we're already in one), have been chirping about how a lower dollar is good for exports. That may be true, but is that the whole story? Here's a short but good article by Domenick Armentano, and it questions how good a weak dollar is for the U.S. economy. Thanks to mises.org for posting Armentano's article today.