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- Collapse of the dollar on May 28, 2016?
- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- Epistemological foundation for AE
- @KennedyFinance Just checked. Your account is up 40% since Jan. of 2016, but still down 2% since you opened it. You stated just before a big rise in the dollar, so your account initially fell by 30%. The dollar has surrendered those gains, and if I'm right its about to get killed.
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- Gold is Doomed
- "Income Inequality" - What Austrians Understand & Liberals Ignore
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- @realDonaldTrump If you really want to do something for the good of the country try cutting government spending. If you really want to make America great again, you have to make government small again.
- This is some food for thought especially light of the fact we are ripe for a 1987-style market crash. http://bit.ly/2EIj7Ml
Wednesday, September 30, 2015
Question regarding Spending vs. Saving to improve the economy
Keynesians often advocate for more incentives to "get people spending" to improve the economy, while saving or "hoarding" is not good for the economy. I'm familiar with the rebuttal that money saved is also being circulated in the economy, since banks lend out savings to people who need loans and will spend that money. In other words, increased spending in consumer goods will reduce the amount spent in capital goods and vice versa. However, what if banks instead make loans to people who will use that money for an investment in another country? If money from domestic saving is transferred to projects abroad, wouldn't consumer spending be better than capital spending for that country? Hoping you Austrians could clear this up for me.