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I have a BBA in Finance and studied economics under some pretty amazing professors. I was always an ardent supporter of capitalism, but over the years I have come to question its long-term sustainability, I believe that the flaw of capitalism is its foundation - profit. While this powerful incentive...
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Important: to read this comment you will have some basic knowledge about the (somewhat tricky) concept of „ecological footprint“*. I will begin with an important distinction „relative poverty' compared to „absolute poverty“. Historically seen the term relative poverty...
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Would it be possible for someone to edit the "List of recessions in the United States" wikipedia article to include their causes?
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The NBER officially dates the end of the recession, largely based on increases in Gross Domestic Product (GDP). The GDP numbers are often revised after they are issued, so the NBER waits several months after an increase in GDP before officially declaring the end of a recession. The Fed is basing its...
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There are now thousands of criticisms of what Bush, Paulson and Bernanke did starting in 2007. To show that libertarians would have been able to propose real world workable solutions to the economic crisis, I would like to produce a story which starts with President Bush naming a libertarian as Treasury...
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I recently came across an analogy that Paul Krugman has been using to make the case for an inflationary monetary policy to lift the economy out of a recession. I suspected Krugman to be wrong even before I read it (Afterall, how can I trust anybody who claims that world war 2 lifted us out of the depression...
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I told someone is a conversation today these are all terms for the same thing. Am I correct?
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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[quote]There is a good case to be made that banking, like many social needs, is a federal not a local issue, and so should have a federal bank. Interstate commerce is regulated by the federal government, not state governments. This is constitutional. You make many claims that I do not agree with about...