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  • Re: What is the definition of "Keynesian"?

    You were told correctly. The difference between the two schools is significant as the Monetarists believe in free markets EXCEPT when it comes to central planning of the financial system while the Keynesians not only favor central planning of the financial system but want the government to create demand by taxing (stealing) from current payers or future
    Posted to Newbies (Forum) by Bogart on Wed, May 8 2013
  • Re: Some rambling thoughts on Keynesian Concepts.

    Look at the respones to Paul Krugman articles in the blog: "krugman-in-wonderland.blogspot.com". Professor Anderson's arguments against Krugman's version of Keynesian Economics are more basic in that this theory of economics also violates not only Say's Law but also the Law of Scarcity and the Law of Opportunity Costs. And it also
    Posted to Economics Questions (Forum) by Bogart on Wed, May 8 2013
  • Re: What have Austrians been wrong about?

    1. Don't know, but Austrian Economics is the one school of economics that is consistent with the theory of micro-economics and with any consistent theory of morality. No other school of economics can say as much as all ignore theft from individuals and threats of force used to upkeep monopolies. 2. Lots, Austrian Economics can only be used to predict
    Posted to Economics Questions (Forum) by Bogart on Tue, May 7 2013
  • Re: Scottish Independence

    I would really be in favor of an independent Scotland if they adopted bitcoin or simply did not have an official currency letting market participants trade value in any means they prefer. You know of course that all the EU wants to do is to get/bribe Scotland into taking its currency. At that point they become wards of Brussles.
    Posted to Current Events (Forum) by Bogart on Mon, May 6 2013
  • Re: Is it possible for the government to artificially lower the price of gold/silver?

    In the short term, yes, the central banks can short gold in purpeturity because these banks can always cover their positions with more worthless currency. Furthermore from their government friendly position they don't neet to report short positions or have their shorts expire. To be on the long side of gold, the central banks can simply raise the
    Posted to Newbies (Forum) by Bogart on Mon, May 6 2013
  • Re: Federal Money To Sheriff if His Deputies Check on Government Haters

    The "he's gonna shoot him" part is already gone. It is entirely based upon interpretation so who is to say that their opinion is about someelse shooting someone is any less or more valid than someone elses. For example: It is the opinion of Jane Doe that John Smith is going to shoot the street light because he is unhappy with his power
    Posted to General (Forum) by Bogart on Thu, May 2 2013
  • Re: Is the Austrian School the Creationism of Economics?

    My opinion is that Austrian Economics is the true economic science simply because it is the only one that is consistent with with micro-econmic theory, and even more importantly, it is consistent with most of the theories on morality as well. Not a single one of the opposing schools of economics is consistent with long run micro-economic theory. For
    Posted to Economics Questions (Forum) by Bogart on Thu, May 2 2013
  • Re: What about the employees rights?

    First: Minimum Wage does not just generate unemployment. It began as a mechanism to keep blacks from competing with whites for critical low skill employment that normally turns into higher skill - higher pay employment. (You can get the details at this web site.) It turns a moral contract between a customer, an employer, and a supplier, a laborer, into
    Posted to Economics Questions (Forum) by Bogart on Wed, May 1 2013
  • Re: My ex employee exploits me and became my competitors?

    You did not say that your employee did this and broke some sort of EXPLICIT contract with you that he would not compete with you for some prespecified time after he voluntarily leaves your employment. And further more you did not say that the employee/s were explicitly contracted not to steal your current customers. But even with these contracts and
    Posted to Political Theory (Forum) by Bogart on Mon, Apr 29 2013
  • Re: Doesn't the market ultimately determine how much revenue income tax brings in?

    No in the short run government could steall almost all the wealth of society and society would function albeit in a crappy state. Maybe in the long run. In the long run most economic activity would settle into the black market as it did in the Soviet Union and China, and as it does increasingly in the USA (Current estimates are two trillion dollars
    Posted to Economics Questions (Forum) by Bogart on Mon, Apr 29 2013
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