Monday, January 25, 2016

Davos: The Intensive Care Unit of the New World Order

From:  Gary North

COMMENT - How long until we have dragged them into court and delivered justice?  

by Gary North

Every January, the richest people in the world get together to meet at Davos, Switzerland, at the World Economic Forum. 

Also present are the best and the brightest in the Keynesian community, whose plane fares and hotel rooms are taken care of. These are the hired hands.

Every year, everyone hopes he is going to hear some great speech that will transform his business or his career. Everybody thinks at the end of the sessions that he must have missed the big speech, once again, the same way he missed it last year.

Austrian school economists are not invited to the festivities. That's because they don't think that Keynesian central planning and Keynesian central banking have much of a future. They keep saying so, and this message is not congenial to the World Economic Forum. MORE