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Economists of the Austrian School understand that monetary expansion has the effect of making things more expensive than they otherwise would have been. At the root of the real-estate bubble was Federal Reserve monetary expansion funneled into the purchase of mortgages by Fannie Mae, Freddie Mac, and...
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To increase my understanding of Austrian economics I wanted to compare the views of the inflationists and the deflationists. Some propose that the most likely scenario to happen in the (near) future is high- or hyperinflation while others argue that deflation might occur. Deflation: Bank assets decline...
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The subject pretty much details all that I'm looking for. I'd like to know if you think they're correct or not and why. Here's the link to the film: http://www.youtube.com/watch?v=eb1n1X0Oqdw. It's 54:37 long. I think its convincing, interesting, thought-provoking and scary as all...
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The US government paying off the national debt by borrowing more money, and/or printing more US bonds and selling them. This is an over simplification, but when these existing US bonds come due, the US government redeems these bonds with US dollars that are raised by selling more freshly printed new...
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One frequent citation of the keynesians for deficit spending working positively and reversing a downtrend is Sweden's exit of the depression before any other country (1929-1934), and a continued downslump in America's depression when FDR supposedly balanced the budget in the mid 30's. I'm...
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Well, we pretty much have gone through a recession...so now we are logically entering a depression. The decline of the dollar and other currencies is pretty likely. But seeing that many "experts" have foretold such a decline already a couple of years ago it will be interesting to see how everything...
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Hello, I'm a newbie with respect to the Austrian School economics and brand new to these forums. My apologies in advance if this is a topic that has come up and been answered numerous times, but I didn't see quite what I was looking for via the search feature, so I thought I'd give you guys...
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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...
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I told someone is a conversation today these are all terms for the same thing. Am I correct?
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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...