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Tag Archives: aggregate supply aggregate demand
Creative Destruction, Say’s Law and the Pseudo Science of Economics
Dear Friends, It seems to me, supply really does drive demand in the creative phase of the creative destruction cycle, and arguments to the contrary are most often based on observation bias. The theory that supply drives demand is Say’s … Continue reading
Posted in economy, Law, media, philosophy
Tagged aggregate supply aggregate demand, anti capitalist, capitalism, capitalist, creative destruction, economics, economy, government, government spending, incentive, International Capitalist Party, jobs, john maynard keynes, Law, market system, politics, redistribution, regulation, say's law, standard of living, stimulus, taxes
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Today’s Federal Reserve Meeting
Dear Friends, It seems to me, economists have been predicting three plus percent GDP growth since Obama came into office, and all their predictions have been wrong. The US GDP has stagnated for over five years despite the … Continue reading
Posted in economy, Law, media, philosophy
Tagged aggregate supply aggregate demand, creative destruction, economics, economy, federal reserve, gdp growth, government spending, great recession, illegal aliens, incentive, interest rates, jobs, keynesian, labor participation rate, low wages, market system, minimum wage, monetizing debt, open market committee, politics, poverty, recession, redistribution, regulation, schumpeter, stimulus, unemployment
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The Deflation Bugbear
Dear Friends, It seems to me, when economists worry about deflation it is like a doctor worrying about a runny nose, they both are concentrating on a symptom, not the underlying disease. The consensus among economists is that deflation … Continue reading
Posted in economy, media, philosophy
Tagged aggregate supply aggregate demand, anti capitalist, capitalism, capitalist, deficit spending, deflation, economics, economy, fiat currency, fiat money, government spending, great depression, hyper inflation, incentive, incentives, inflation, International Capitalist Party, keynesianism, market system, monetizing the debt, personal wealth, politicians, quantitative easing, rational maximiser, redistribution, regulation, seigniorage, stimulus, tax, taxes, wealth, wealth of nations
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