In his blog article today, Austrian school economist Detlev Slichter offers a very cogent argument that reinforces my opinion that:

  1. 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,
  2. 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.

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