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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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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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Two questions: 1. Could anyone help me out by giving a better explanation of how "obscene" profits by oil companies actually help consumers at the pump and don't hurt them? I understand how higher profits equal more savings, which equal more investment, which equal more capital, which equal...