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I understand that they are not actually offering anything as this money has been created out of fresh air but they create an illusion that they have. In the long run this process is purely inflationary but it could it not be argued that in the short run that it will produce some form of increase in economic activity because if the government had not
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But when people consume more this is an increase in demand and will meen that firms will produce more doesn't it? For example if the new money was used to buy cars then motor firms would see thi as an increase in demand and hence lead to more production
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so if i wanted to study austrian economics would it be beneficial for me to do a degree course in economics or in something else and teach myself economics
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I was just wondering if anyone knew if there were any universities in england that teach austrian economics?
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and what would keynes proposed happened to the money that had been saved but not invested?
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so is the basics of what your saying that austrians dont regard all investment and consumption as equal and something such as a lower interest rate will have different effects on the different types of consumption or investment. Also why is there a difference in what keynsians and austrians regard as the interest rate and what are the implications of
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I have been trying to get my head round it for a long time and i just couldn't at all i couldn't see were the relationships were formulated. Is there any introductory books you could recommend to help me that would help me with my understanding of economics
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so how would austrians determine equilibrium output and price level
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so are aggregate demand aggregate supply diagrams keynesian analysis
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What is the austrian view on aggregate demand and what effects would interest rate increases have upon this