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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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A delay of consumption, IE a temporary increase in the standard of living of others due to an increase in the real purchasing power of money. Decreased supply = higher marginal value for existing units.
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[quote user="process"] This paper examines the impact of minimum wages on earnings and employment in selected branches of the retail-trade sector, 1990–2005, using county-level data on employment and a panel regression framework that allows for county-specific trends in sectoral outcomes...
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Every once in a while I begin looking into and thinking about a certain problem facing society and how/if capitalism can solve that problem. Reading Doug Casey's article Charity? Humbug! (the URL is http://libertyunbound.com/archive/2006_11/casey-charity.html) made me think about the subject of the...
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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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I think I will be hard pressed to find anyone on these forums supporting government-run health care. But, if you have to do it, this is how I think it should be done: Pass a law requiring everyone have some form of health coverage that meets some minimal standard - I would favor a formula that takes...
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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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It's very difficult to find an explicit description of the entire process. I think I understand the story, but I want to run this by you guys to see if you spot any errors: The Process of Monetization of the Debt (1) The US government runs a deficit and borrows money by issuing bonds that must be...
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I'm thinking about buying some gold. Mises.org and LewRockwell.com are great places to convince people of the need to buy gold, but not so great at actually telling people HOW to buy gold. So-- Where are the best places to buy? Or, where are the best places to go for more information about how to...
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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...