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Civilization is a great game. We should play online sometime.
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It was a while ago I don't even remember.
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I use to and your name looks REALLY familiar!
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I think its only for Origin.
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This might not be appropriate for this forum, but if any knows about the new sim city it will focus on team cooperation with other players and I wanted to form a mises group. Anyone interested?
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Alright I'm back. So, I looked at some of the links which were very helpful. Basically, what I was looking for was how exactly production would be stimulated in a recession. I learned that during recession demand is lowered and in result wages come down (from less demand for labor), prices come down, and interest rates come down. In other words
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JJ, I understand the concept that merely increasing demand will not help grow the economy because it only redistributes resources throughout the economy, so in essence no wealth or growth takes place. I also wanted to know more fallacies about this argument because that is pretty much what I know that your only rearanging resources. But, my new question
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I haven't watched the video, because I am not in the environment to do so right now so I do not know if it would cover my question. But, what would the difference be between the Austrian view of recovering through a recession or the growth through demand/consumption view? What are the fallacies of the notion that economic capacity can be reached
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Many Keynesians argue that in order to stimulate the economy you must increase consumption. There methods of doing so result in a decrease in investment. They argue that without an increase in consumption, investment will naturally not take place because people will not demand goods. One of the biggest fears for buisness in this currect economic climate
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Thanks for the list John James.