Usemlab Economics and Markets

Usemlab Economics and Markets is an Italian Cultural Association of Austrian economics founded by Francesco Carbone a financial advisor.

Initially it was only a website US Equity and Macro Lab (acronym Usemlab); but in November 2007 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.

Francesco Carbone member and collaborator of the Libertarian Movement (Italy) in his book Prevedibile e Inevitabile   has harshly criticized the regime of fiat money issued by central banks to government initiative during the rescue of banks and other institutes at the end of 2008 and in 2009.

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 (USEMLAB.com). .

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.

In March 2009, Andrea De Marchi a member of Usemlab wrote the book Inflazione malattia primaria  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.

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. .