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  • Questions about deflation and "the paradox of thrift"

    I'm a Registered Nurse and not an economist, so forgive me if my questions seem a bit naive. I've only been researching Austrian Economics for a few months. It has certainly exposed some of the major flaws of Keynesianism. For example, if I'm stranded on a desert island with all the employment...
    Posted to Economics Questions (Forum) by Rob on Fri, Mar 26 2010
  • Re: The minimum wage

    > Without government intervention into the economy, can wages rise naturally? < Wages rise naturally after the floor is above subsistence. Disposable income is the key that allows labor to get specialized. As long as the vast majority of consumers have zero disposable income, there can be no healthy...
    Posted to Economics Questions (Forum) by Arman on Tue, Jan 29 2008
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