Alliedassault           
FAQ Calendar
Go Back   Alliedassault > Lounge > Politics, Current Events & History
Reload this Page US government warns it's running out of cash
Politics, Current Events & History Debates on politics, current events, and world history.

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old
  (#11)
Guest
 
Posts: n/a
   
Default 01-01-2006, 01:54 PM

Quote:
Originally Posted by c312
The government isn't stupid, they know that printing more will cause inflation, what makes you think they'll do something stupid like that?
heh, there are two ways of economic thinking, the Austrain school of thinking (Frederick von Hayek) and the Keynesian view (John Maynard Keyenes). The Keyensian view is the more popular one, especially after WW2, by saying that the government should have some control over the economy, and that giving money to the masses is a good thing. To them, inflation means high prices, but that is only a symptom of inflation. The Austrian view has been all but forgotten, because it calls for a free market, and an unplanned economy. I think that is the reason most economists in the USA are Keyenians, because without a planned economy they would be jobless.
  
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



Powered by vBulletin® Version 3.8.12 by ScriptzBin
Copyright ©2000 - 2025, vBulletin Solutions Inc.
vBulletin Skin developed by: vBStyles.com
© 1998 - 2007 by Rudedog Productions | All trademarks used are properties of their respective owners. All rights reserved.