link: http://ift.tt/1hYbG2R
Hot And Trending...
Trending
- This Spanish Ghost Airport Sold for Less Than $11,000 - Bloomberg Business
- Buy Gold for What It Does; Not for Its Price http://bit.ly/1Uh9cZs @SchiffGold
- @RJChancey Times are not very good. That is exactly what Republicans were claiming just before the 2008 financial crisis. We are actually in worse shape now than we were then, and headed for an even greater economic crisis.
- The Plenkton Effect: When increasing productivity is accompanied by decreasing affordability, due to regulation and efficiency changes.
- Marginalist Reasoning
- Deflation caused by economy growth makes people richer, right?
- Best Scenario Is For Greece To Leave The EU - Marc Faber
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- 5+5 BTC Bounty for proof of block size debate manipulation - manipulation confirmed.
- A normal 10-year yield, given current GDP and CPI numbers would be about 7%. But given that we have an abnormally large amount of debt, with a lot more borrowing on the way, interest rates should be well above normal. Bonds are about to crash unless the stock market crashes 1st!
Thursday, October 22, 2015
Question about solutions to unemployment/inflation
Now, as far as I understand it, one of the main criticisms of Keynesian/classical economics is that of only looking at one side of the equation, whether it be the short run in a Keynesian perspective or the long run in a classical perspective. That classicals ignore the problems of today, while Keynesians don't plan for the future. So what is the Austrian solution to this? If we are in a downward sloping economy, what would be the solution to cut down on unemployment or in an upward sloping economy to avoid inflation?