Dr. Gary North has an article over at LewRockwell.com that everyone should read. There is a particular quote about entrepreneurs:
Whenever entrepreneurs who have their own money or borrowed money on the line conclude that the likelihood of losing it is just too high until production goods and labor get cheaper, Keynesians call on government to borrow, central banks to inflate, and consumers to spend, spend, spend. Why? In order to keep production goods from getting cheaper and labor from get cheaper. Why? Because when production goods get cheaper, corporate donations to the opposition party's PACs increase. When labor gets cheaper, voters vote for the opposition party.
All over the world, politicians are using borrowed money and newly created money to keep the prices of production goods from falling. This worked until early January. It is no longer working. Commodity prices are falling. They will continue to fall. Why? Because commercial bankers are not lending, and businesses are not borrowing. The American labor market is still crippled. With unemployment in the 10% range, delayed mortgage payments are in the 10% range. Will wonders never cease?
Nonetheless, it is critical, since there is nothing to invest in, to invest in ones own business. The proper way to do it is the means of frequency, that is contiuous minimum orders, so you can quickly adjust to market changes.
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