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- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
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- CEO who raised price of drug by 5000%
- Drop in Gold Output Expected as Mining Companies Lose Money @SchiffGold http://t.co/99AYQaC37g
- The Aug. Empire State Manufacturing Index plunged to -14.92, its lowest level since April 2009, missing expectations by the most since 2010!
- Most are no doubt hoping for the end of their terms as central bankers to come as quickly as possible. http://bit.ly/2vr6tsT
- Gold has certain features that lends itself really well to tech. http://bit.ly/2hjdZ37
- AsianScientist explains how gold may make the process more efficient. http://bit.ly/2uGt86B
- Anyone dumb enough not to use every legal deduction to minimize his income tax liability is not smart enough to be president!
- "Dishonesty in maintaining sound money coincides with the absence of moral leaders and excesses in foreign military aggression,” - Ron Paul
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.