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- Since Dec. 12, the day before the Fed moved, gold climbed 5.7% to $1,314.36 an ounce, last week touching the highest level in three months and has climbed higher since. http://bit.ly/2CYWj9x
- The World Gold Council points out that in some ways, gold and cryptos are complementary assets. It highlighted the similarity in their supply dynamics. http://bit.ly/2ncfp1T
- @RonPaul, "It makes no sense to tax money" http://bit.ly/2sHH7Wc
- Trump changes tune on the economy: With Obama it’s a bubble, with Trump is a boom. https://t.co/Lq8kFnIu9z https://t.co/3bwDhAmWKs
- 10-year U.S. treasury yields just touched 2.9%. This is a new high for the move. The rise in response to the CPI was delayed by the initial plunge in stock market futures. But now that stocks have recovered most of their losses, bonds are plunging.
- [Watch] Four economic myths surrounding the Fed dispelled, Trump’s fiscal plans, and inflation vs. gold prices.… https://t.co/hZI5adqreP
- So, why does Gartman have faith the gold bulls will continue to run? Central bank policy. http://bit.ly/2xyUI58
- Nowadays, Health Insurance Isn’t Really Insurance
- The Fed’s economic optimism is nothing more than a ploy to maintain credibility with the markets. https://t.co/4ArOETUnfG
- Some fool on CNBC just claimed we don't need to worry about inflation because we have such strong productivity growth. What planet does he live on? Did he not notice the drop in Q4 productivity reported last week?
Tuesday, April 19, 2016
What can a neoclassical economist learn from Austrianism?
[Or, what is and is not strictly predicated on praxeology?] Hi all. Neoclassically inclined dabbler in economics here. I have a question that is too outside my knowledge base to be able to answer myself, but I bet some educated person here might well be able to help me. I've seen even the Austrianism's harshest and ideologically opposed critics give the school credit for a few important developments. In addition, the admittedly small amount of Austrian-produced material I've seen is often very clear-cutting. As such, though I am not an Austrian economist myself, I feel it's important, basically, not to throw out the baby with the bathwater, if you'll forgive the idiomatic slight. With that in mind, of the large body of work in the Austrian school, are there, in the broad sense, any elements that aren't strictly predicated on Autrianism's axiomatic methodology? Or any general way to tell the difference? I may not be able to accept Austrianism's approach to economics, but neither do I wish to leave any compatible knowledge and insight on the table if it is there for the taking.