tagged w/ Austrian Economics
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Is limited government even possible? I'll give you a hint: The answer to that question has 2 letters.Is limited government even possible? I'll give you a hint: The answer to that... more
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It’s not technically hard to put millions of unemployed workers back on the job—the real challenge is political, says Nobel Prize-winning economist Paul Krugman. Even returning the public-sector jobs that have been slashed at the state and local levels could lower the unemployment rate to nearly 7 percent or under, he said.
Krugman spoke this week at the Economic Policy Institute (EPI) and on a variety of media outlets around the nation to promote his new book, End This Depression Now! In short, says Krugman:
One party that has run off the deep end and is not interested in running this country at all.
Hmm. Wonder which one that could be?
Taking issue with the Washington consensus that the economy is faltering due to “structural unemployment”—economist-speak for “more need the right skills to fill jobs,” Krugman said the structural problem is not with the economy but with politics.
In fact, a recent EPI report projects that the education and training levels necessary for the labor force of 2020 “shows that jobs will not require a significantly greater level of education or training than workers currently possess.”
Another falsehood being passed off as truth is that cutting spending improves the economy—when instead, it depresses it. This turn toward austerity measures—cuts to jobs, social services and needed repair work to our schools and roads—is bad economics. Just look at Europe, Krugman said.
We’ve had one hell of an experiment in austerity and the results are in. European countries are on a downward slope.
Meanwhile, our nation’s own experiment in austerity has resulted in an “unprecedented fall in public employment and a fall in goods and services.
Krugman, who writes a column and blog for The New York Times, applauded new media for its ability to engage readers and provide interaction. But content on such platforms disappears too quickly, he says. So Krugman pushed forward with the book to create a more permanent account and to offer solutions to the nation’s economic morass. The most urgent question, as Krugman sees it, is if you’re in a bust “what can you do about it?”
There’s no good reason to waste a large amount of your productive capital. The question is, what do we do now.
http://www.aflcio.org/Blog/Economy/Krugman-Challenge-to-Nation-s-Economy-Political-Not-TechnicalIt’s not technically hard to put millions of unemployed workers back on the... more
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kvb1
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added this
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1 year ago
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Congressman Ron Paul, in a rare head-to-head broadcast confrontation, went up against the Nobel laureate in economics Paul Krugman in an open debate over monetary policy. It was broadcast on the Bloomberg Television, moderated by Trish Regan. Not to put too fine a point on it, Ron Paul won the exchange, so much so that the cameras and moderators just drifted away from Mr. Krugman without so much as a fare-thee-well and left the field to the hero of the campaign for honest money.
Full Article: http://www.nysun.com/editorials/ron-pauls-clash-with-paul-krugman-displays-power/87810/Congressman Ron Paul, in a rare head-to-head broadcast confrontation, went up against... more
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Irrefutable proof. I cannot believe there are some Americans who still don't believe that he is a Keynesian. Just because the mainstream media never calls him a Keynesian. Time to wake up and look at the proof. Obama is a Keynesian if I've ever seen a Keynesian. This video is 100 percent proof that he is a Keynesian. Do your own research!
http://youtu.be/FREWUOk9nTsIrrefutable proof. I cannot believe there are some Americans who still don't... more
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4/20/2010 Rep. Ron Paul, (R-TX), on his run for the presidency in the 2008 elections and if he is considering running again.4/20/2010 Rep. Ron Paul, (R-TX), on his run for the presidency in the 2008 elections... more
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2/26/2010 Georgia’s 47th District State Senate Candidate Shane Coley appeared on PFP Movement Radio to discuss his 2010 campaign and the upcoming election cycle. Topics include the Federal Reserve, Austrian economics, foreign policy, prohibition, civil liberties, self-ownership, and much, much more.2/26/2010 Georgia’s 47th District State Senate Candidate Shane Coley appeared on... more
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12/16/2009 Ron Paul discusses how Ben Bernanke is more powerful than the President and why the Federal Reserve is at the root of our economy’s problems. Dr Paul also explains how America can no longer afford to police the world, especially through the military industrial complex.12/16/2009 Ron Paul discusses how Ben Bernanke is more powerful than the President and... more
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Ron Paul economic advisor Peter Schiff schools mainstream econohacks on the Austrian School’s view of the Great Depression.Ron Paul economic advisor Peter Schiff schools mainstream econohacks on the Austrian... more
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Another example of what everyone knows being untrue. Enough people saying the same thing long enough still doesn't make it true.
It's not the things you don't know that get you, but the things you know that ain't so. – Attributed to Samuel ClemensAnother example of what everyone knows being untrue. Enough people saying the same... more
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From an email by Professor Mark Thornton:
Some might find this useful. Misesian economics goes a long ways!
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I wrote a paper on the economics of housing bubble in 2006 that summarized the Austrian view of the bubble that was taking place. It was to be published in a book on the housing industry and the editors requested that I remove a couple of paragraphs that predicted dire secondary consequences to come. Given that I was already sticking my professional neck out with the primary consequences, I was only too happy to comply.From an email by Professor Mark Thornton:
Some might find this useful. Misesian... more
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