Mises Daily
Author:
Robert Blumen
Online Publish Date:
Are we in a brave new world in which countries with developed financial markets produce nothing, have no physical capital, run permanent trade deficits, and pay for it all with perpetually over-valued financial assets? Yes indeed, according to Charles Gave, Louis Gave, and Anatole Kaletsky (GaveKal) as told in their book Our Brave New World . [1]