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One may start wondering. Is it time that reality hits back? That money printing is a problem and not a cure? At least it seems so. In Germany the economy encounters troubles, the export oriented firms (we do have a lot of them) see that the other countries can not buy that much any more. That can't...
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Well there is a kind of agreement that monarchies are bad. But there is another agreement that democracy is "good". I wonder why? If the majority decides to live of the expenses of minorities, how is that different to a monarchy? If the majority in Parliament decides it's fine to take 75...
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a quick search it has not been used somewhere, where it may have been cited.So I claim having it introduced. Still I’m encouraging everyone to use it wherever you think it will suit. Let’s bite at the socialists all over the world. Help me spread this sentence.
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Oh, yes they are so endless stupid that it hurts anyone else. The politicians (sorry deledefs) have initiated the whole crisis stuff. Never were able to get along with their stolen money (read taxes) and never enough credit for whomever they deem worthwhile. And now they did it again. No thinking just...
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well the economic knowledge of Obama and his Gang is near non existant. Even before the US citizens have voted for Obama I have written, that he does not have an economic expert knowledge. If you can find my writing about it here: http://fdominicus.blogspot.com/2008/10/keep-this-on-record.html And he...
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I recntly watched an interview in Awe and Shock - at www.ft.com in Trading room Video section.It is an interview about growing trend of High Frequency Trading and its growing popularity for Market Making in Asia and Europe.The interview is Tittled "May 11 :- Does speed Kill ? " - Hirender Misra...
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… your $200,000 ten years ago has been halved in terms of purchasing power. However, in terms of planning purposes, your anticipated retirement amount has been reduced by 75%. Given these outcomes, who will be able to retire? And for those already retired, how many will “unretire?”...
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It is now time to move from a case where credits are given to producers to where consumers are being given credits. Indeed, the general effects of an increase of money via consumers' credits, which will result in an increased relative demand for consumers' goods compared to producers' ones...
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Once again, as done in previous lectures, we shall analyze the results of a scenario where consumers decide to save, and accordingly invest a larger portion of their income than before; however, here we shall see the effects the price of goods will have on the entire structure of production. As in the...
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At last we are ready to begin the main problem of this lecture, that is the problem of how a transition to a more capitalistic structure of production, or vice versa, is brought about, and what are the conditions that must be fulfilled for a new equilibrium to be brought about. The first of the two is...
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It is now time to add the flow of money into Hayek's theoretical apparatus. While the Hayekian triangle is used to illustrate the movement of goods through the economy's structure of production, it is just as legitimately utilized as a schematic to elucidate the flow of money. When the goods...
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Welcome to my new blog here on Mises.org. It's been a few years since I've had the inspiration to speak to the world on a regular basis. When I last blogged regularly, the future looked brighter than ever as capitalism was spreading across the planet in a seemingly-unstoppable avalanche. China...
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The most renown theory of the French economist, Jean Baptiste Say (1767-1832), the eponymous Say’s Law has been one of the most important contributions of Classical economics even though it was but a minor facet of Say’s own economics. He introduced it in Chapter XV of Book I of his A Treatise...
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[ Update below] George Will has gifted us with a thoroughly confused op-ed in the Sunday WaPo . Will predictibly trots out the 1980 bet that Paul Ehrlich lost to Julian Simon over the prices of minerals and commodities - but fails to note that the reason that Simon won that bet was that people own land...
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A post on the Wall Street Journal`s enviro blog, Environmental Capital , reports on one disgruntled reaction to a recent school play called “Santa Goes Green” , and reports on a new children`s book (and website) by the same name. The post closes with the sarcastic note, "No word yet...