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I am having a hard time figuring out where durable goods fit into consumer/capital goods. Are durable goods consumer goods? Or capital? Or can some be consumer and some capital? Especially, I've wondered about cars and houses. Durable capital goods? Or durable consumer goods? Can someone clear this issue up for me? Thank you!
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I am probably going to be attending an lecture later this week at a local college given by Keynesian economists, and I want to go prepared. This lecture will be on the labor market, poverty, and wealth distribution. I have very little idea of the Keynesian theory of all that, so if someone could give me more details, and then maybe some references to
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Yes, I knew it was a Steinbeck novel. And I know that it is a work of fiction, but often fiction affects the way people look at the world. Although Steinbeck probably didn't know the first thing about the economy, 1) the book & movie show how he understood it, and 2) the book & movie probably influence the audience to misunderstanding economics
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I just finished watching the Henry Fonda movie, "The Grapes of Wrath" and was trying to sort it all out. Firstly, I thought it was set in the Great Depression, but it doesn't say that anywhere in the movie specifically. There are a number of interesting issues I was thinking about, and wondered if anybody else had thought about it too
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I have heard rumours of an upcoming "bank holiday" in the US, probably in November, when they would switch the dollar to a global currency. Does anybody know anything about this?
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I can't say I agree with most of what you all are saying, but it does raise interesting questions and ideas. I am not interested in debating the premise (suicide is morally wrong) at this point, but rather, if there are people out there who agree with me, I'd like to hear your ideas on how suicide may or may not fit into common law.
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Explain the title theory and promise theory a bit more? To encroach on someone else (murder, theft....) is morally wrong. To not do what you've said you will do is morally wrong. To kill yourself is morally wrong. At least that's the way I look at it, you can disagree with me on that, but that's not my point. My point is, for those who do
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As I understand it, people should live by the common law, which is, "do all you've agreed to do" and "don't encroach on anyone else or their property." But how does suicide fit into that? I believe suicide is wrong, but it isn't encroaching on anyone else...so what should be the view towards suicide in a common law society
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[quote user="nirgrahamUK"] maybe take a time out and read this:- http://mises.org/humanaction/chap20sec6.asp [/quote] Thanks, I'll take a look at it. I started Human Action, I don't think I got that far though.
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But the Fed has increased the money supply and made it cheaper to borrow money...is that what you're talking about? I still don't see how that answers my questions. And to clarify, I totally agree with the Austrian theory of economics, I just need to know the in's and out's of it, so to speak, because I know people are going to ask me