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NY Fed chief urges global bank framework By James Politi in Washington and Gillian Tett in London Published: June 8 2008 23:32 | Last updated: June 8 2008 23:32 Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate...
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From a forum I frequent: [QUOTE]The income tax serves as key stabilizer to the economy, as can be shown: Y = C + I + G + X-IM C = a + b*DI Assume a flat is in effect of T = tY C = a + b*(Y-tY) C = a + b*(1-t)Y Y = a + b*(1-t)Y + I + G + X-IM Y - b*(1-t)Y = a + I + G + X-IM Y(1-b*(1-t) = a + I + G + X...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
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I agree with Inquisitor concerning that democracy is still a tyranny, just of the majority. I also realized that our country was largely a grand experiment, one with many wonks, and even though it was executed, still was far from perfect, whatever that may be. One thing I don't think people (outside...
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Has anyone else seen (or rather heard) the interview with Jim Rogers on today's Bloomberg.com? He said the US government is lying about us being in a recession, that there has never been a soft landing, etc. Very Austrian. He moved to Singapore and has no investments in US Dollars, has shorted all...
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Okay, I'm a staunch believer in the idea that warfare is always destructive to the economy, and should thusly only be undertaken with extremely careful scrutiny and even then only as an act of self-defense. I was in a debate about the recent (supposed) threats that five Iranian PT boats were placing...
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From the theatlantic.com He said Dr Paul's theory is completely false. I don't have enough economics background to debunk those accusations. It'll be great if somebody can show him the way. [QUOTE] No Ron Paul supporter (or other gold standard advocate) has managed to articulate to me what...
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i have recently designed the following course for my own use: rigourous introductory study centers around rothbard's 'man, economy, and state', via robert murphy's accompanying study guide as an auxillary map, and with mises' 'human action', 'theory of money and credit'...
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Possibly they like mathematics, since this is easier to teach and test . [quote user="Inquisitor"]Regarding philosophy, I will be sticking mostly to matters of epistemology, Enlightenment and some classical contintental philosophy, ethics and the like. One of the courses will have a component...