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To be short and sweet, I don't see how bailing out the Bank of England in 1927 led to the Depression. That seems to be the Austrian explanation, in general, for the Depression from what I've read but I can't make the connection.
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In my school debate club, a kid presented an idea that was new to me. He believes we should have a unitarian government: with smaller federal government, little to no state government, with local governments based on Metropolitan disticts instead. He claimed that state governments seemed inefficient and contradictory to what state representatives worked
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I am against government and government spending and identify with the Austrian school of thought. I am just trying to figure out why, considering all possibilities, I am, if that makes sense. So just throwing it out there, not saying i think this, but: Digging holes is something no one demands. There is no demand for a dug hole. However, there is a
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Also, is this a sort of broken window fallacy thing, where we miss what the money could have been spent on otherwise?
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I read http://mises.org/daily/305 8 and understood as much as I could of http://blog.mises.org/6734/government-produces-nothing-ever/ . Here is my problem: they say people would have had the money otherwise to spend on what they really wanted, the same amount of money. But who says that would have employed the people the government works project did
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My teacher, today, assigned me a debate tommorow. One side is discussing how it saved the economy, and did not go far enough, while I am debating it went too far and harmed the country/economy. I just got a PDF copy of the PIG New Deal book. Does anyone know any key parts to read that I could use - I don't think I can read it all by tommorow. Also
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Recently in US history we covered the late 1800s and early 1900s - The robber baron era, as my teacher calls it. Rather than dance around this ( i assume you all already know the history of this period), here are my questions: Did "excess capitalism" cause this? Are trusts bad, and/or achievable without government? Were the "robber-barons"
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Is this a post about Pokemon or did I misread the title? My favorite is Charmander.
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You say you think other theories are right, just dont cover the big picture if I understand you correctly. For example, what accuracy would you credit to Keynesian economics? Even if they are right on some things, their reasoning for being right about those things is probably wrong, correct? And isn't that what causes the other aspects of Keynesian
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When it comes down to it, all of Austrian economics - the thousands of pages, the websites, the great thinkers, and everything - it is all just theories. Do you guys, as Austrian thinkers, think AusEcon's are "right" in a sort of absolute sense, or just a valid, well constructed group of theories? I bet before all of you held different