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[quote user="Smiling Dave"] I'm not sure where people being afraid of losing their jobs fits in. If they have jobs, they are presumably working for a profitable company, or else they'd be laid off. So it's perfectly fine if they sit tight. [/quote] Dave, how is the average employee to know what kind of straits his company is in
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[quote user="Wheylous"] There are only two types of people: those that revert to the NAP as the ultimate of all discussions, and those who don't. Technically, whenever you had a set S which belongs to the universe, there are always only two things in the universe: Set S and not set S. So yeah, you're right. Always. Thanks for not adding
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The way these options are worded is strange, so as to make them exclude each other. The first option is not completely wrong, only partly wrong. There was, and is, large price inflation. But that doesn't mean there would not have been deflation in place of his actions. How about option 3? 3)Bernanke printed a lot of money, causing a significant
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There are only two types of people: those that revert to the NAP as the ultimate of all discussions, and those who don't.
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Ah ok that looks good. I was reading your earlier responses as simply that an increase in the supply of loanable funds will make producers demand more, and was not taking into account the cumulative effect. Thus only understanding you to be saying "The cost of business decreases by X owing to Y reduction in interest payments. Thus early stages
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A people with a shared language, history, religion, set of traditions, superstitions, mannerisms and etiquettes.
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I think that it's safe to say that Progressivism, which is Socialism's son who got sent to London to study as a small boy but never forgot his mother's lessons, has won the day. All the publications which control public opinion hold progressivism to be the center position. Actually maybe it's right-progressivism. The rightist publications
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http://mises.org/daily/6248/Hayek-and-Praxeology Here's Adam's article on Hayek and Praxeology. It's great.
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So has anyone noticed a certain political current on the internet which seems like big-tent rightism? And when I say rightism, I don't mean the American Republican party, but a rightism which is inclusive of conservatives, nationalists, libertarians, reactionaries and monarchists. It's more like a big anti-leftist movement than anything. Do
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@ Phi In all honesty it probably wouldn't be much worse than our present system, which doesn't really say much about it. I believe that it would be easier for people to get care, but since all the costs would be socialized, a lot of unnecessary things would be insured and their prices would go up. People also would probably take care of themselves