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  • New attempt to debunk ABCT

    Happened to see this link posted on Wenzel's blog to a very recent research paper from Notre Dame University: http://nd.edu/~jwolff2/Research_files/Lester_Wolff_Austro_VAR_Aug_27.pdf Here's the abstract: Austrian Business Cycle Theory, as espoused by Mises (1912,1949) and Hayek (1935), predicts...
    Posted to Current Events (Forum) by myhumangetsme on Wed, Sep 5 2012
  • Re: Fractional Reserve Banking

    [quote user="Jonathan M. F. Catalán"] They actually do. Let's say that producer A sells an automobile for $1,000. The $1,000 in $_currency represents the automobile. In barter, the producer would have sold the automobile directly for another good that he or she was looking for. Money...
    Posted to Economics Questions (Forum) by Wade on Sat, Aug 8 2009
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