View source for Usemlab Economics and Markets

Usemlab Economics and Markets is an Italian Cultural Association of Austrian economics founded by [[Francesco Carbone]] a financial advisor<ref>[http://www.accademiadelmonferrato.com/wp-content/uploads/2009/06/francesco-carbone.pdf Biography and CV of Francesco Carbone]</ref><ref>[http://www.accademiadelmonferrato.com/corpo-docenti/franco-carbone/ Professor Francesco Carbone tab at the Environment Academy of Monferrato]</ref>.

Initially it was only a website <ref name="austrian">[http://www.opinione.it/articolo.php?arg=2&art=50649 ''The legacy of the Austrian School''] ''l'Opinione'', by William Longhi. Retrived on April 29, 2004.</ref> US Equity and Macro Lab (acronym Usemlab); but in November 2007 <ref>[http://www.usemlab.com/index.php?option=com_content&view=article&id=339&Itemid=147 Story of the Usemlab association]</ref> became also an Association in [[Turin]] with the name Economics & Markets LAB and then Usemlab Economy and Markets which aims to stimulate and promote the economic debate, particularly with respect to defense of a [[sound money]].<ref>[http://www.usemlab.com/index.php?option=com_content&view=article&id=255:chi-siamo&catid=32:rassegna-stampa&Itemid=58 ''About Us''] by Usemlab. Retrived on June 3, 2010.</ref>

Francesco Carbone member and collaborator of the [[Libertarian Movement (Italy)]] in his book ''Prevedibile e Inevitabile''<ref>[http://www.usemlab.com/index.php?option=com_content&view=article&id=314:prevedibile-e-inevitabile&catid=35:libri&Itemid=62 ''Predictable and inevitable''] by Francesco Carbone. Retrived on October 26, 2008.</ref><ref>[http://www.usemlab.com/comunicato_stampa.pdf Tab book review ''Prevedibile e inevitabile'']</ref><ref> Francesco Carbone [http://www.usemlab.com/index.php?page=shop.product_details&flypage=flypage.tpl&product_id=14&category_id=1&option=com_virtuemart&Itemid=1 ''Prevedibile e Inevitabile. La Crisi dell’Interventismo. Le Cause del Disastro e i Rimedi Possibili.''] (Turin: Cultural Association USEMLAB,2008).</ref><ref>[http://www.ultimathule.it/articolo/prevedibile-e-inevitabile.html ''Predictable and inevitable''] by Simone Scarlini. Retrived on September 1, 2009. ''Prevedibile e inevitabile'' book review.</ref> has harshly criticized the regime of fiat money issued by [[central bank|central banks]] to government initiative during the rescue of banks and other institutes at the end of 2008 and in 2009.<ref>[http://www.movimentolibertario.it/images/ml/ifoglidienclave/Enclave5.pdf ''The story of the great scam''] ''I fogli di Enclave'' n° 5, page 1 and 3 by Usemlab. Retrived on November 2008. Archived from [http://www.movimentolibertario.it http://www.movimentolibertario.it]</ref><ref>[http://www.movimentolibertario.it/images/ml/ifoglidienclave/Enclave5.pdf ''An economy based on junk money''] ''I fogli di Enclave'' n° 5, page 3 by Luigia Possenti. Retrived on November 2008. Archived from [http://www.movimentolibertario.it http://www.movimentolibertario.it]</ref>

Carbone in his book has provided well in advance the economic crisis since 2002; during 2003-2004 he attended the doctoral seminar of Spanish Prof. [[Jesús Huerta de Soto]] in [[Madrid]] and his Austrian Economics course, he became friend with de Soto and disseminate his lessons in Italy on the website of Association ([http://www.usemlab.com/index.php USEMLAB.com]).<ref name="austrian" />.

According to Usemlab, the monetary expansion will cause inflation and a decline in purchasing power and the value of money in United States and [[Europe]].<ref>[http://www.movimentolibertario.it/index.php?option=com_content&view=article&id=5244:euro-e-la-fne-del-sistema-monetario&catid=1:latest-news ''Euro and the end of the monetary system''] by Rivo Cortonesi. Retrived on May 10, 2010.</ref>

In March 2009, Andrea De Marchi a member of Usemlab wrote the book ''Inflazione malattia primaria''<ref>[http://www.usemlab.com/inflazione_malattia_primaria.pdf Tab book review ''Inflazione malattia primaria''].</ref><ref>Andrea De Marchi [http://www.usemlab.com/index.php?page=shop.product_details&flypage=flypage.tpl&product_id=34&category_id=1&option=com_virtuemart&Itemid=1 ''Inflazione malattia primaria''] (Turin: Cultural Association USEMLAB,2009).</ref><ref>[http://www.usemlab.com/index.php?option=com_content&view=article&id=350:inflazione-malattia-primaria&catid=35:libri&Itemid=62 ''Inflation, underlying disease''] Retrived on March 17, 2009.</ref> explaining in terms of [[Austrian school]] as in the absence of a true market capitalism, the supply of [[fiat money]] by the central banks produce growth effects of inflation with consequent impoverishment of the population, nepotism, privilege, arrogance of the powerful crime, social injustice, failure of services.

Usemlab was been able to predict in advance the rise of gold price. <ref>[http://www.movimentolibertario.it/images/ml/ifoglidienclave/Enclave5.pdf ''Decadence and Modernity''] ''I Fogli di Encalve'' n°5 pages 1 and 2, by Francesco Carbone. Retrived on November 2008. Archived from [http://www.movimentolibertario.it http://www.movimentolibertario.it]</ref><ref>[http://www.movimentolibertario.it/index.php?option=com_content&view=article&id=3487&catid=1:latest-news ''Those really obsessions of gold!''] by Francesco Carbone. Retrived on November 8, 2009. Archived from [http://www.usemlab.com/index.php?option=com_content&view=article&id=410:quelli-veramente-ossessionati-dalloro&catid=21:scuola-austriaca-di-economia&Itemid=51 http://www.usemlab.com] on November 5, 2009.</ref>

Usemlab believe that the monetary crisis in the Eurozone and in the countries such as "[[PIIGS]]" is only the beginning of more economic crisis and defaults resulting from excessive state intervention and a wrong approach to the monetary problem by governments.<ref>[http://www.movimentolibertario.it/index.php?option=com_content&view=article&id=3485&catid=1:latest-news ''Sooner or later the day comes when you have to Pay!''] by Mauro Meneghini. Retrived on November 5, 2009.</ref>.<ref>[http://www.movimentolibertario.it/index.php?option=com_content&view=article&id=5738:moneta-contro-cartastraccia&catid=1:latest-news#yvComment5738  ''Money against junk sheets!''] by Juan Morillo Bentué. Retrived on May 28, 2010.</ref>

==References==
{{Reflist}}

==External links==
*  [http://www.usemlab.com/ Official Italian website of Usemlab association]

[[Category:Organizations]]