Economics Questions

Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

Vanitas Nomen — Tue, 18 Sep 2012 01:16:39 GMT

Yes, yes I juxtaposed those two.

Need to set aside more time to preview what I write. No wonder as to why it "[sounded] off", but now that phrase took on another meaning . It's that slippery Max Keiser wearing off on me, eh?

Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

Wheylous — Tue, 18 Sep 2012 01:07:55 GMT

he says debt originated from money

Other way around?

Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

Vanitas Nomen — Mon, 17 Sep 2012 17:55:00 GMT

On Graeber, in the interview he says debt originated from money.
Sounds off considering you can do favors for friends or family and 'be in their debt' from a non-monetary point of view, and promise to 'repay' these favors by favors of your own.
If this is possible today, follows it might have been possible in 6000bc, however the terminology would have been, of course, different.

Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

Wheylous — Mon, 17 Sep 2012 14:19:12 GMT

Graeber -.-

Can we get some more articles on him? He's gaining a lot of popularity.

Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

dwangelo — Mon, 17 Sep 2012 09:42:21 GMT

Hi.

I'm not sure, honestly, how Austrians propose dealing with money market funds - but I replied to Krugman using what I know about free markets.

http://dwangelo.tumblr.com/post/31721065802/krugman-on-qe-and-money-markets

I try to provide a rebuttal to most every Krugman blog post, most of which I think adequatly do the job.

Thanks. Hope this helps. Or, at the very least, hope it doesn't hurt.

-DA

Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

Aristophanes — Mon, 17 Sep 2012 05:00:43 GMT

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Re: How do the Austrians propose dealing with money market funds? - Paul Krugman

John James — Mon, 17 Sep 2012 04:17:23 GMT

Keep an eye on krugman-in-wonderland.blogspot.com. Bill will probably come through for you. Either him or Murphy.

How do the Austrians propose dealing with money market funds? - Paul Krugman

SortOfAmish — Mon, 17 Sep 2012 02:58:30 GMT

http://krugman.blogs.nytimes.com/2012/09/16/ron-paul-on-money-market-funds/

"How do the Austrians propose dealing with money market funds?

I mean, it has always been a peculiarity of that school of thought that it praises markets and opposes government intervention — but that at the same time it demands that the government step in to prevent the free market from providing a certain kind of financial service. As I understand it, the intellectual trick here is to convince oneself that fractional reserve banking, in which banks don’t keep 100 percent of deposits in a vault, is somehow an artificial creation of the government. This is historically wrong, but maybe the actual history of banking is deep enough in the past for that wrongness to get missed." - Paul Krugman

OK, I don’t expect a serious answer. But it’s scary that this has become the more or less official doctrine of the GOP.

Give him a serious answer. I imagine these articles might have the answer.

https://mises.org/journals/qjae/pdf/qjae3_4_2.pdf

http://mises.org/journals/qjae/pdf/qjae3_4_3.pdf