-
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...
-
Let's say widgets have been selling like gangbusters and it is a trillion dollar industy. People spend 1 trillion per year on widgets. Let's say 10,000,000 people are employed in the industry. All of a sudden, something happens and no one wants widgets anymore, they decide to save their money...