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I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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So for my Advanced Composition class, we have to write a paper, but it can be about whatever we want. So I started refuting Hyman Minsky's "Stabilizing an Unstable Economy." This is just a rough, rough draft, and a set up somewhat of a straw man. I'll edit the paper later today. I still...