production, which in turn will lift employment and all this will set in motion economicgrowth. It follows then that the US dollar devaluation is exactly what is needed to
Mises Review 9, No. 3 (Fall 2003) A POVERTY OF REASON: SUSTAINABLE DEVELOPMENT AND ECONOMICGROWTH Wilfred Beckerman The Independent Institute, 2002, xiii + 94 pgs. Wilfred
survey/story “ Flying on one engine .” “Since 1995 almost 60% of the cumulative growth in world output has come from America, nearly twice America’s share of world GDP... America’s disproportionate contribution to global growth reflects an extraordinary rise in American spending. Domestic demand in
A common economic view predicts that the aging societies of the West portend lower economicgrowth in the future because these older populations are likely to save more (and
the President believes Americans will be able to spend more and this will speed up economic recovery. According to President Bush, “By ensuring that Americans have more the expansion of the production of final goods and services—this is what economicgrowth is all about. Now, what does it mean to lower taxes? It means that Americans
its first cut in 2002 after 11 in 2001. Writers from the “Supply Side” faction of economic thinking have been warning about the alleged dangers of “deflation,” while which attempts by central monetary authorities to artificially increase monetary growth through credit creation leads to an unsustainable boom and, finally, to the
more work out of fewer workers. That’s great news for corporate profitability and economicgrowth, but of small consolation to the nine million people looking for work. “ Let’s
funds rate target from 6.5% in December, 2000 to the current level of 1.25%, U.S. economic activity remains subdued. Faced with a lackluster response to this at some stages monetary injections were massive. For instance, the yearly rate of growth of government securities holdings by the Fed jumped from 19.7% in April 1924
Economics Can’t Solve Everything, Can It? (NYT): “Rarely have the limits of equity, financing new kitchens and college educations and keeping the current economic malaise from being far worse than it might have been. But while the boom has additional stock price declines, and the war in Iraq. Remarkably, productivity growth has remained robust; the rise in the unemployment rate has been relatively
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.