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Robert Murphy, an Austrian economist, recently proposed a challenge for a televised debate with Paul Krugman on the Keynesian vs Austrian business cycle theory. He started a campaign so that people could pledge money to be donated to a local food bank. If Krugman agrees to debate, all of the...

<i>Won't the free market cause demand to drop once word gets around that ending up paying 1400 a month in increasing debt to earn 650 dollars a month fetching coffee is a bad idea?</i> I think part of the problem is that paying for college and moving into the work force is typically a 'once...

This is a graph of the long term consumer savings rate over the last sixty years. As you can see, it has eroded away so much that it went negative in 2005. If this graph went back a little further, you would see that 2005 was the first time the savings rate went negative since 1932 (does that...

This may be of interest to some in this thread: http://en.wikipedia.org/wiki/The_Great_Deflation <i>The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which world prices of goods, materials and labor decreased. This had a negative effect on established...

$284k in 1996 is equivalent to around $400k today from inflation. A person with that income falls squarely in the highest income tax bracket in the country. Uncle Sam clearly considers these people to be rich. Liberals are constantly calling for higher taxes on the rich "because they can...

Right. The system should be set up solely so that people have the opportunity to work hard, better themselves, and climb the ladder of prosperity. This is how America once was and what attracted so many immigrants at one time - not free welfare benefits for all, but the opportunity to make a...

You have some good points that I would agree with, although bashing the Tea Party at the end takes away some of your credibility. But you're still missing big pieces of the puzzle in regards to income inequality. For too long, income inequality has been used by the far left to push for more...

You have a few good points that I would agree with, although bashing the Tea Party at the end takes away some of your credibility. But you're still missing big pieces of the puzzle in regards to income inequality. For too long, income inequality has been used by the far left to push for more...

I'd like to present some economic theories for debate in this post and others that I have thought about over the years. I'm no economist, but enjoy studying the subject, and I would like to discuss/debate these ideas with others who are familiar with different schools of economic thought...