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I thought that this was pretty interesting and positive. [quote]Perry-backed legislation would create the "Fort Knox of Texas."[/quote] http://www.texasmonthly.com/story/texas-wants-its-gold-back
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When I was in college, I took Intermediate Macroeconomic Theory. Of course, it was Keynesian economics. I've considered going back for some sort of applied economics masters.
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[quote user="ToxicAssets"] [quote]why do we have unemployment?[/quote] Actually, the question should be inverted. Why do we have employment? Having job means to sacrifice one's leisure time, where one could be doing whatever was in his possible range of options, to do some specific task. And this is usually done in exchange for payments
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[quote user="Student"] shackleford, lol. nice. i told my lady the story and first thing she guessed was "arrested on drug charges?" PS* Is your name a reference to randy shackleford? Alias of Dale Gribble? [/quote] It's Rusty Shackleford. It's the name I order pizza with. LOL.
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[quote user="Student"] Also, Smiling Dave, do you ever get the feeling like you are doing the econ equilivance of a club comedy act? "Keyenesian economists dial the phone like this: beep beep beep boop" "Austrian economists dial the phone like this: beepty beep boop bob" [/quote] Your comment reminded me of this feller
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Why would I want to pay more for food? That's exactly what it does.
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Is this anything like Jennifer's Body?
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Taxation is a cost imposed by government. It's inherently inflationary. It makes us all poorer. In a free market, your wages would be determined entirely by the market. They would probably be lower in nominal terms but much higher in real terms. It also diverts value away from productive purposes, misallocates resources, etc. It's just a mess
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Of course, I'm not calling that capital accumulation. I'm just thinking of the argument pushed by Keynesians that consumer spending is 80% (or whatever) of spending therefore we need to spend more, .i.e. consumption, not capital spending is what grows the economy.
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Well, there is some bit of truth but in a different sense. The cost of the capital goods (initial purchase, maintenance, etc.) is built into the ultimate cost of the retail good. All these layers of product cost are built into the final price of the retail good. On the aggregate, it would make sense that "more" is spent on retail goods than