but what if a policy takes idle money and moves it into spent money? That increases demand, 1/
-
-
not familiar - reading
-
/me waits

-
I think an Austrian would say this leaves out the interest rate, a key price that changes when folks don't consume
-
in fact there are no prices in this story. If 1 couple wanted to babysit they could offer to for half a coupon
-
I think this is too important to ignore. Prices are key to how a market economy functions
-
interest rates are usually part of an enhanced version of the parable. http://www.slate.com/articles/business/the_dismal_science/1998/08/babysitting_the_economy.html …
-
but here's the thing: Austrians were so sure they were right in 2008 that they said, loudly, that 1/
-
stimulus and rounds of QE would trigger near-term inflation. They said it again when QE was 2/
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.