As you know, I find Bearing Asset Management interesting because they're value investors who also subscribe to the Austrian school of economics.
So it caught my eye when David over at the Finance Trends Matter blog linked to a video interview that Jeffrey Tucker of the Mises Institute conducted with Kevin Duffy, one of Bearing's partners. It lasts just under 20 minutes.
As David writes on his blog:
This is a must watch, must hear discussion on basic economic principles and the problems of crony capitalism and the "political economy" that have grown out of the bailouts and stimulus-fueled responses to the 2007-2008 financial crisis.
QE and QE2 have helped spur a two year rally in the stock market, but Duffy argues that these easy money policies have created many harmful unintended consequences.
I couldn't agree more. Check it out for yourself.