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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
- Pres. Obama, a high and rising standard of living was not only in our reach, but in our grasp, until the government ripped it away from us!
- 75% of Walmart earnings decline comes from higher wages. The left will get what it wants, fewer low wage jobs, but also higher unemployment.
- The average credit card debt per US household is at $8,377, while the US national debt has eclipsed $20 trillion. http://bit.ly/2uYRbNY
- Billionaire investor Paul Singer said the trust the central planners is misplaced. http://bit.ly/2rU3cAG
- October report "Why do so many People feel Economically Disenfranchised?" published. https://bit.ly/2y4LJZQ
- Rand Paul: "If you’re for less government, you want sound money." http://bit.ly/2tZ5vlz
- @bella__orr One that works.
- Many consider the chairmanship to be the second-most powerful position in the U.S. government. http://bit.ly/2AphzAj
- Lawmakers haven’t said exactly what kind of actual risks or threats Bitcoin poses to the economy, but in the world of politics, that’s not really necessary. http://bit.ly/2Fg525G
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.