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- #Bitcoin just traded down to $6,000. That is 70% below its record high set in Dec. 2017. How much lower will the price have to fall before the HODLers FODL? My guess is most will hang on until the price is well below $1,000. Then the big problem will be finding buyers!
- Inflation is back. So what does this mean for gold? http://bit.ly/2Cp3EKY
- #Walmart blames weak earnings on the strong dollar, despite being the nation's largest importer and biggest beneficiary of a strong dollar!
- Epistemological foundation for AE
- Andrew Jackson Never Wanted To Be On Your Money
- The US Treasury Department plans to auction off about $1.4 trillion in Treasuries this year to finance all of this spending. That raises an interesting question: Who is going to buy all this paper? http://bit.ly/2EjQdlv
- The fact that the dollar and bond prices are falling together is a very, very bad sign that everybody is ignoring. The bond yields aren’t high enough to offset the losses in the foreign exchange. http://bit.ly/2DMF5MP
- #Republicans are about to run larger deficits when the economy is supposedly booming, than #Democrats ran into 2009 when we were in the Great Recession. Can you imagine the size of the Republican deficits when the economy slips back into recession?
- Does scientific research drive innovation? Not very often, argues Matt Ridley
- Power to the People – Owning Gold and Silver to Weather the Monetary Storm http://bit.ly/24DGYAL @SchiffGold
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.