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- It took a lot of chutzpah for Pres. Obama to double the national debt, then in his #SOTU address take credit for having reduced the deficit!
- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- South Koreans On Track to Buy Record Amount of Physical Gold @SchiffGold http://bit.ly/1VZFUmr
- Gallup's U.S. Economic Confidence Index averaged -12 in July, down from - 8 in June, hitting its lowest average since Oct. 2014.
- @toozoned50 of course. But he won't ask.
- Which States Rely Most on Federal Spending?
- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- Even with an upward revision to Q1, the annual growth rate of U.S. GDP in the 1st half of 2015 was just 1.45%
- Buchanan on Knight
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
Saturday, October 17, 2015
Austrian welfare economics
Does anyone have any good sources in regards to Austrian school perspective on welfare economics? My current text for my public policy finance econ class is using Johnathan Gruber's (obamacare architect himself) text and I just keep having a lot of problems with the conclusions logically following the premise. I looking for stuff in regards to externalities (positive and negative) and market failure. I mostly want the Austrian counter argument to mainstream welfare economics. I know this sounds really muddled but anyone out there kind of understand what I am getting at?