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I was debating the subject of the recession, arguing the Austrian line that he bailouts and stimulus should not have been passed, and the recession should have been allowed to run its course. I got the following reply: "Your argument is basically that if we prevented businesses from borrowing for...
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this link -- http://mises.org/story/3556 claims that "in December of 2007, currency was $763.8 billion, while, as just noted, the monetary base as a whole was $836.4 billion." i am not sure but i assume the fed reserves portion of the monetary base is physical currency too. paper dollars and...
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Are there any works by these economists that explain why fractional-reserve free banking wouldn't cause business cycles? I recall Hayek accepting that it would cause business cycles, but that this was a price worth paying for the economic benefits; is this the general view?
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what would be a distinction between homogenous capital and heterogenous capital? "Cameco Australia's $4-million 1999 exploration program now equals Cameco's uranium exploration program in Saskatchewan." http://www.cameco.com/media/news_releases/1999/?id=371 i am not sure if the above...