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Fri. 12/06/22 18:31 EDT . post #179 Assuming "industrial production" is measured in terms of money, then one question is: Are the money numbers corrected for inflation, or not? If not, then how are we to know if actual production is increasing, or just the money numbers (reflecting continuously...
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I was searching for rebuttals of the common objection by neoclassical economists made against ABCT: That is, how come entrepreneurs foolishly just respond to the lowering of interest rates hence comitting devastating mistakes rather than possessing some level of rational expectations making them understand...
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Did Robert Murphy really fail to refute it and so lost $1000???
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OK, so the title is somewhat of an unfair attention grabber, pardon me on that. This is in relation to the video here http://www.youtube.com/watch?v=dZf3Qye0BtQ in which Robert Murphy talks about how the balance in the checking account the banks have at the FED has increased from $45 billion to $829...