In his blog article today, Austrian school economist Detlev Slichter offers a very cogent argument that reinforces my opinion that:
- the U.S.A. is facing what is most likely an economic setback that will be comparable in intensity, and probably scope, to the Great Depression of the 21st century., and,
- that the likelihood that we can avoid such a setback, absent divine intervention, is becoming vanishingly small, irrespective of which of the two major candidates wins the Presidency in November.
I wish I were able to see an alternative future, but I am not. Read the whole article there.