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Hello, I'm a newbie in the Austrian School of thinking. I'm reached the chapter in my non-Austrian required textbook dealing with economic principles. The book, which hasn't taken any stance but just presents the readers with various theories, says that one cause of inflation could be unemployment...
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I was recently in a Political Science class discussing various forms of governments. Some how the topic of unemployment came up and the teacher asked if anyone had taken economics and what percentage of unemployment is ideal for a economy. Having never taken any formal econ classes, aside from reading...
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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...