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Bert and others, Sorry I didn't see this sooner. Yes I am an Austrian. The point of my book is to make Keynes clear for the average person and , by so doing, to demonstrate that today's economic policies are grounded in a quack system. The comment that economics is not a science was an aside...
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I am probably going to be attending an lecture later this week at a local college given by Keynesian economists, and I want to go prepared. This lecture will be on the labor market, poverty, and wealth distribution. I have very little idea of the Keynesian theory of all that, so if someone could give...
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Hello, I have been reading Mises.org now for about 6 or 7 years and it has really been the best teacher I've ever had on almost any social science topic I've been interested in. Usually questions I have can be answered by doing searches on the site or at least i can be directed to something off...
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This follow-up article is a front-page "Mises Daily" today. I would greatly appreciate anyone taking the time to check it out and contribute to the comments . Here's an excerpt... This brings us to the key point that all the Krugman apologists egregiously ignore: namely that it would be...
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I've been trying to read Krugman's book (I find it heavy on rhetoric and short on logic) and have been thinking about his babysitter analogy. I see RockyRacoon's point about the price-fixing. Maybe I'm wrong, but it seems to me there are other problems as well. In this analogy, the money...
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I've been trying to read Krugman's book (I find it heavy on rhetoric and short on logic) and have been thinking about this babysitter analogy. I see you point about the price-fixing. Maybe I'm wrong, but it seems to me there are other problems as well. In this analogy, the money is originally...
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I just read an article saying that it appears that China, and perhaps the other BRIC countries, is exploring (and actively moving toward) the idea of implementing Keynes Bankor global currency idea. Does anyone know anything about this proposal and its consequences? There is no mention of it on Wikipedia...
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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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[quote user="hoffmanjohn"]you should probably post this qeustion in a Keynsian and monetarist group because the response you will get in this forum will only confirm the austrian view... Keynes suggest that monetary policy during a crisis such as the great depression was ineffective at saving...
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Recently I discussed FDR and the Great Depression with someone, and they brought Japan up as a counterexample to my assertion that Keynesian policies worsened and lengthened the Depression. Japan, it was said, was out of the Depression by about '33 thanks to consistent inflation and deficit spending...