YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Credit
  • Investors Walk; Obama Talks

    As per the usual during an economic crisis, President Obama entered the homes of average Americans through their TVs this week to tell them about his plans for fiscal recovery. After a major stock sell-off following S&P’s downgrade of the U.S. credit rating, Obama wanted to stop the flood of investors leaving the market. Average …

  • I was heartbroken when I heard the news…

    Praise be to Keynes for our Congressmens’ bravery in finally increasing the debt ceiling, thus preventing the U.S. receiving a downgrade in its credit rating! Oh wait.

  • S&P Downgrades the United States’s Credit Rating to AA+

    For the first time in history, the United States government lost its perfect AAA credit rating from S&P on Friday, August 5th, 2011. The decision was made because of the growing debt problem America faces — a problem that isn’t going away. S&P states: The downgrade reflects our opinion that the fiscal consolidation plan that …

  • Would you lend America money?

    There’s a lot of talk about the debt ceiling lately.  Of course, most of what is said is non-factual; politicians and media members are demagoguing the issue like usual.  In a democracy, you need only scare half to rule all.  It seems as if that fear-mongering tactic is the path Washington has taken once again. …

  • Jaguar Inflation

    Robert B. Prechter, Jr. explains the fallacy of government-supported expansion of credit on Mises.org today through clever analogy.  Imagine, he says, if the government decided that Jaguar cars must be available to everyone in the country as readily as possible… To facilitate that goal, it begins operating Jaguar plants all over the country, subsidizing production …