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A few years ago I got really interested in Austrian Economics. It all seems very logical to me. But I have a question about ABC-theory. I understand that in a free market, interest rates are a function of the amount of money people save. This is a good thing because saving is postponed consumption, people...
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I've been thinking a lot about Gibson's Paradox the last few weeks, and I reread Barsky and Summer's paper on it. In the process, I think I came up with a model that significantly improves on their version, although I am unable to provide a theoretical explanation of precisely how it functions...
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Hey guys, So, I'm quite new to the Austrian school of economics. I've been a libertarian for quite some time, now, but my arguments have usually been based on the philosophy/moral side of things (primacy of the individual/taxation is theft, that sort of thing). My understanding of the Austrian...
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Hi there, I have a question regarding the following: In the comment-section of a review of Skedelsky's 'Keynes, Return of the Master' on Amazon.com, some posted the following reply (not to me BTW): [Austrian theory] implies that these titans of business have the mentality of a two year old...
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They refer to interest rates people earn by investing in Government Bonds? Or the interest rates people pay when taking a loan? Or both?
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i was wondering about the following: As capital is accumulated, the roundaboutness of the production structure increased, real incomes rise. with a rising income most urgent wants are satisfied first. but the most urgent wants should be the ones which are also most present. over time, should not time...
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Mind you, I have been reading Mises for quite a while now - almost a year, if not more. I am well versed that interest rates cannot be tampered for malinvestments will occur, etc. It is only recently I found the reading list on this forum (see the sticky =D). I thought, "Hey, I need this more than...
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I wonder if anyone of you know how I can get information on the amount of "money" in circulation in my country (Sweden). I'm trying to figure out how similar our Riksbank is to the U.S. Federal Reserve. Ideally I want to get a picture of how, technically, Swedish interest rates are being...
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Wealth is exchanged on a daily basis without regards to compensation. Individuals exchange monetary assets for goods and services and then proceed to wait for the return of their change. While this process takes place there is a surplus and a deficit of wealth that remains stagnate. Let me offer an example...
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Time and time again I hear the mantra that low interest rates inevitably leads to high inflation - but how come Japan has managed to have a combination of near zero interest rates and near zero inflation for such a long time?...