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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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Perhaps it could or perhaps it couldn't since the revenues for enforcing such a law are techincally a type of consumption anyways. Also, how does savings grow an economy? For instance, imagine that output is one homogenous sum of things. A part of this thing is then saved. Later it is reapplied to...
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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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Interesting...the 3rd thread about this in less than 4 days. Although there wasn't much useful response in those, I recommend checking those out . 1.) ditto with dave 2.) The best method of overall investing is, as Jim Rogers says, to be a contrarian. Or, in Buffett's words: "Be fearful...
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Hi Can anyone see a problem with what the article is describing? It is from the Economist magazine. http://www.economist.com/node/13692889 I'm having a hard time finding an Austrian view on direct foreign investment related to agriculture, ie China buying up foreign farms to serve their domestic...
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I just watched the following interview Econstories got Robert Skidelsky to do with them: http://www.youtube.com/watch?v=ZRvaxUNDTKY I feel Skidelsky makes a useful point at 7:47, relaying a skepticism Keynes had about the connection between savings and interest rates. When people make savings, they may...
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Does inflation (in its true sense, the inflating of a currency, say the US dollar) drive up FDI statistics? It would seem likely that increasing the money in circulation would, broadly, drive up all kinds of statistical information. Also, I am interested in the broad trends of FDI pre-2007 and since...
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My first post in this forum. So, howdy from Texas, and Ron Paul's district no less. I'm pretty much an economic layman by most standards, but I'm working to rememdy that. Anyways, I've read the P.I.G. to the Great Depression and the New Deal by Robert Murphy. It cites the theory by Robert...
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I am new to the Austrian economic philosophy. i am trying to investigate the consequences to the US economy to the Fed policies. In reading Tom Woods book - "Meltdown", it appears that we are headed for a strong deflationary cycle. If that is true, gold and other hard assets will decline in...
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Anyone ever used eBay to buy gold (or any other high-priced item)? Assuming the seller has high feedback, is there any reason to think this wouldn't be a trustworthy source? The only reason I ask is because I am a little nervous transferring over $25k to a Web site I know nothing about, like many...