It's very refreshing to hear someone who's making sense on CNBC. It's the case of Jim Rickards — someone I hadn't heard before. He explains, from a typical Austrian Economics point of view, how the government and private interests are destroying the economy with their bailouts and stimulus plans.
I'm glad to hear him compare 2010 with 1930, because it's exactly what's unfolding for us, in a far bigger scale — The Greater Depression.
Finally Jim Rickards talks about the depression of 1920, and I'm pretty sure that he founds his ideas and inspirations in the great book titled Meltdown written by Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse by Tom Woods.
Here's the video on CNBC, Markets in Wonderland: