This Russian economist died by firing squad, but he had the answer the Fed and Washington are looking for.
The problem we have is the Fed and the Government are fighting to shore up the very powerful cycle that made America great: Capitalism.
So what's the answer to our current economic problem?
Nikolai Kondratieff was a Russian economist who came up with this economic theory: Every 40 or 50 years in a capitalistic society, the markets peak, then turn down and go into a recession/depression. Because of these findings and other work he did on cycles, Nicolai Kondratieff was summarily executed in 1938 by a firing squad. It would appear that these cycles guaranteed the rebirth of capitalism, and that did not sit too well with the Communist Party, who at the time wanted to rule the world.
