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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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Thank you Claudius and John. To address Claudius, I can argue that there are plenty examples of private investment on physical assets. If I buy a car for the sole purpose of being able to commute to a new job, this car purchase should be considered as a private investment on physical assets, not on human...
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Hi, I came across an idea and want to share with you. Wish you could opine on it. We often hear that American people consume too much and save too little. But what is consumption? In this non-government context, seems like the popular definition of consumption loosely means household purchase. Perhaps...
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Can "saving" only involve money/currency?? In an economic sense, can it also apply to labour, and time?? If you start fundamentally defining what money actually is i think saving actually refers to your labour and time. What are your thoughts??