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Krugman is a complete fool. Some of his books and writing are historically incorrect and completely politically driven. I don't trust his word on economics at all. Only statement I will make is that our society has moved from individualism towards collectivism. When we were working hard to be...

It gets complicated on the conservative side of things.. Marginalism is used in Neoclassical. Austrians reject a lot of Neoclassical beliefs. Carl Menger, creator of the Austrian School was a Marginalist. Fundamental differences please? Thomas Sowell - Chicago School (Neoclassical) Milton...

My Professor is a huge post-keynesian. Im an economics minor and I am currently in a class called Economic School of Thought. We are covering Classical, Neoclassical, Marginalism, and Keynesian. My professor although extremely biased, is still very intelligent and credible. He tries not to get...

Yes deflation is bad for the credit market. However the credit market has been screwing us over for years now. People need to quit falling into debt. It's a nation wide problem and people can't pay it back. Keynesians mainly revolve GDP on consumption. Fuck exports imports savings and...

No piezone unfortunately most of what I said was true. There were few instances of mild inflation however mild deflation spanned a nice 150.

a contraction in the volume of available money or credit that results in a general decline in prices --MW Basically, prices drop every year. 1850's you could put 30 bucks in the attic and in the 1880's it would be worth more than 30 dollars. It's the exact opposite of inflation in a way. The...

History supports deflation actually. For 150 years the United States was thriving off of deflation up until 1913. Guess the Federal Reserve ruined it once again. Deflation is not the AntiChrist of economics. In certain fields it is good, look at PCs and technology. But as a whole deflation has...

Peter Schiff

What is that important piece? The raising taxes or cutting spending in boom time?

I don't support Keynesian Economics but picking pieces of it is probably a lot less effective. The thing is.. Raising taxes is political suicide.

China's Interest rate is at 38%? That is awesome. Why does our GDP keep growing along with the debt? Consumption is the biggest part of GDP and believe me.. We can consume. Problem is now a days everyone expects to live in McMansions with an Armani suit, smoking a stogy after work and drive...

The Government has been applying Keynesian intervention now for decades. Look at all the bailouts and Quantitative Easings. These are all contributing to the altering of our economy. More examples: bailing out Amtrak, subsidizing college loans and the creation of price floors, price ceilings...

Demand is infinite.. There will always be demand. However, Supply is finite. If you produce, there will be consumption of your goods/services. I believe in supply side economics. Supply spurs job growth, more capital, more investment, more factories, more jobs. I see what you are saying but we...

Can somebody in detail break down the difference between European Socialism versus Keynesian Economics being displayed in America today? Keynesian economics is often dubbed "soft socialism" and from my knowledge European Socialism is a "mixed economy" as well. In the US we are now more of a...

Yes, there is a way to profit off of our failure! Read some of Peter Schiffs books: Crashproof 2.0, The Real Crash... Think logically, if the Western free market collapses, who is the largest rising economies in the world? Southeast Asia. China, India, Hong Kong, Singapore, etc. 80% of Chinese...

all my friends at college are taking sports management. All of them want to be associated with the NFL and NBA.. Unfortunately I don't think they will get anywhere close. As for me, I enjoy Business Management and I am banking on going to grad school for finance and economics. Something more...

Too true. I honestly wouldn't be surprised seeing a rise in the Libertarian Party in the next 20 years. Fiscally Conservative and Socially Liberal. Libertarians are more open minded than Democrats and Republicans. It seems like there has been a resurgence in the desire for Free Market Economics...

College is not worth it. Especially not the expensive D1 schools. Government subsidized loans made tuition prices skyrocket. What ever happened to people working their way through college? No government loans, just working a mediocre job and being able to come out debt free. I'm attending a...