Godlike Productions - Discussion Forum
Users Online Now: 2,952 (Who's On?)Visitors Today: 475,465
Pageviews Today: 1,345,120Threads Today: 703Posts Today: 13,810
07:27 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Austrian School of economist.."The Yield from Money Held" Reconsidered

 
paladin
Offer Upgrade

User ID: 681364
United States
05/17/2009 08:57 PM
Report Abusive Post
Report Copyright Violation
Austrian School of economist.."The Yield from Money Held" Reconsidered
(snip)
Here it is: the holding of money, i.e., the not spending of it on either consumer or investment goods, is unproductive, indeed detrimental. According to Keynes, the government or its central bank must create and then spend the money that "savers," i.e., the holders of cash balances, are unproductively holding back, so as to stimulate both consumption and investment. (Needless to say, this is precisely what governments and central banks are presently doing to supposedly rectify the current economic crisis.)


[link to mises.org]




shall we say this is it in a nut shell....paladin
Jenkins

User ID: 1021524
Canada
07/01/2010 10:23 AM
Report Abusive Post
Report Copyright Violation
Re: Austrian School of economist.."The Yield from Money Held" Reconsidered
Aren't those ''Austrians'' kinda Jewish : Mises, Rothbard, Resisman, etc ?
Old MacDonald had a farm, ee-i-ee-i-o.
And on that farm he had a cow, ee-i-ee-i-o.
With a moo moo here and a moo moo there
Here a moo, there a moo, everywhere a moo moo
Old MacDonald had a farm, ee-i-ee-i-o.
Anonymous Coward
User ID: 538751
United States
07/01/2010 10:37 AM
Report Abusive Post
Report Copyright Violation
Re: Austrian School of economist.."The Yield from Money Held" Reconsidered
Aren't those ''Austrians'' kinda Jewish : Mises, Rothbard, Resisman, etc ?
 Quoting: Jenkins


What's your point? Just trying to scare people off from Austrian economics because Jews run the world, and we should all be afraid of the big, bad Zionist conspiracy? If there is, in fact, a Zionist conspiracy, these guys have nothing to do with it. Austrian/Chicago economists have been getting their asses handed to them for 60 years by Keynesian statists, and if you're into the conspiracy, there are plenty of Jews on the Keynesian side, too.

Bottom line, conspiracy aside: Hayek's economics work. Keynes' don't.
Jenkins

User ID: 1021524
Canada
07/01/2010 10:44 AM
Report Abusive Post
Report Copyright Violation
Re: Austrian School of economist.."The Yield from Money Held" Reconsidered
Keynes may work, but only when the government is very rich and the people are very poor.

He doesn't work in the current situation, where the government is going bankrupt while people are not all that poor, not as they were before.
Old MacDonald had a farm, ee-i-ee-i-o.
And on that farm he had a cow, ee-i-ee-i-o.
With a moo moo here and a moo moo there
Here a moo, there a moo, everywhere a moo moo
Old MacDonald had a farm, ee-i-ee-i-o.
Jenkins

User ID: 1021524
Canada
07/01/2010 10:47 AM
Report Abusive Post
Report Copyright Violation
Re: Austrian School of economist.."The Yield from Money Held" Reconsidered
bump
Old MacDonald had a farm, ee-i-ee-i-o.
And on that farm he had a cow, ee-i-ee-i-o.
With a moo moo here and a moo moo there
Here a moo, there a moo, everywhere a moo moo
Old MacDonald had a farm, ee-i-ee-i-o.





GLP