-
Okay, I have been thinking this one through and I want all yous guys' thoughts. So the argument goes that until full employment is reached, newly printed money will not cause price inflation as new goods would be produced. Say, 100 people lay around not doing anything, then the government runs off some dollar bills from a printing press and pays
-
*We haven't gotten to monopolistic competition yet. I meant to say have not in the original post.
-
So I'm taking Intro to Micro for my undergradute degree in economics. Of course the entire class is from the neoclassical perspective (which, at least, isn't the Keynesian one). I asked the teacher for some "clarification" on "perfect competition" (I didn't need clarification, I just wanted to talk with her about it)
-
I'm pretty sure I get the government spending side, but I'm wondering if I'm committing the a "broken-window" fallacy of sorts if I think that private companies building/adding new construction will either be hurt after the super bowl or other, now sub-marginal, hotels will be hurt. Would there be a bunch of bankrupt businesses
-
I guess I'm also thinking that if we built all these hotels in order to accomodate super bowl business, then would, after the super bowl is gone and business returns to normal, there be a bunch of vacant buildings?
-
Here is an interesting question I think. I live in Indianapolis and the city/state government as well as various private (mostly hotel) companies have been building, building, building, in preparation for the Super Bowl in 2012. Highways are getting redone, hotels are popping up everywhere (including a very expensive, very fancy new JW Marriott), even
-
bump
-
So, using the two scales Rothbard gives, would the equilibrium rate in that hypothetical two person market be 2%?
-
I'm in the interest rate chapter of Man, Economy, and State, and I am confused to how the interest rate gets determined. If the market was only the two people that he speaks of in section 3 (of CH 6), what would they land on for their equilibrium interest rate? The diagrams are linked here (page 445, 446, and 448 in adobe, 380, 381, and 383 in Man
-
Thanks, I wouldn't expect intertemporal valuations to be easy to understand at first