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Aljosa Duric became a registered member 15 hours, 37 minutes ago
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jones became a registered member 1 day, 2 hours ago
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David Veksler posted an update in the group
The Commons 1 day, 13 hours agoGreetings everyone,
The ”New Community” site at community.mises.org will be shut down soon as it has not been very successful.
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Sam Lowry posted an update 2 days, 2 hours ago
My Father in Law must be a contrarian, for on Mother’s Day, he made the claim that Ron Paul was okay until he started talking about financial matters, at which point he (Ron Paul) departed from reality and had no evidence for his outrageous claims. The exact opposite of what everyone else in the status quo camp says. I suppose he saw the debate…[Read more]
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Raymond Johnson posted an update in the group
The Commons 2 days, 2 hours agoHi everyone,
To anyone who may be interested, I am currently running a KickStarter campaign to fund a funk-jazz album that will promote the non-agression principle. You can view more about the project here – http://www.kickstarter.com/projects/794028032/moment-of-resolution
Thanks!
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Bogart answered a question: Can competing currencies cause waves of inflation of the money supply? on the Mises Exchange 2 days, 2 hours ago
It is unknown what will happen to the money supply. 1. Technical Reason: What is money at this point? And if you know that then what is meant by supply? And you have that then how do you determine the supply of […]
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Raymond Johnson joined the group
The Commons 2 days, 2 hours ago -
Bogart answered a question: Deflation and Exports on the Mises Exchange 2 days, 2 hours ago
Short Classical Economics Answer:Domestic currency devaluation in the short term gives producers in the domestic currency an advantage over producers in the foreign currency because currency markets adjust to the […]
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I should also add that devaluing the currency is completely immoral. The issuer of the currency is counterfeiting which is an act of theft as it robs the current holders of their purchasing power.
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Raymond Johnson became a registered member 2 days, 2 hours ago
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Anand Madhu Kumar joined the group
The Commons 3 days, 4 hours ago -
Anand Madhu Kumar became a registered member 3 days, 4 hours ago
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Aaron Cartrette answered a question: Deflation and Exports on the Mises Exchange 4 days, 10 hours ago
The key thing about deflation from having sound money is that it is predictable and expected by basically the entire market… When there is a clear expected rate of deflation, it should have no effect on exports […]
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Aaron Cartrette asked a new question: Can competing currencies cause waves of inflation of the money supply? on the Mises Exchange 4 days, 11 hours ago
Of course, I understand that competition in currencies in an unregulated decentralized market would lead to a backed currency with at least a very high reserve ratio, if not full 100% reserve banking, but suppose […]
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Aaron Cartrette became a registered member 4 days, 11 hours ago
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Redmond started the topic Toronto Austrian Scholars Conference 2012 in the forum Mises Forums 5 days, 1 hour ago
I encourage everyone to attend the Toronto Austrian Scholars conference this October 5-6th 2012!
http://www.mises.ca/toronto-austrian-scholars-conference/
University of Toronto, St. George Campus
Toronto, Ontario, […] -
Redmond posted an update 5 days, 1 hour ago
The Toronto Austrian Scholars conference has been Launched!
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Redmond became a registered member 5 days, 1 hour ago
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Thomas replied to the topic 'Human Action' – subjective valuation example in the forum Mises Forums 5 days, 1 hour ago
Thanks, Borgat. The combination of Mises’s wording and examples caused me to look at things backwards. Your explanation help me fix me.
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silver replied to the forum topic Insurance Underwriting Cycle in the group
Finance Professionals 5 days, 16 hours agoExcess creation of fiat money and credit sends false signals about demand and risk to entrepreneurs and business managers of all kinds. There is no reason that ABCT would not apply to insurance markets.
I […]
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Thank you. I was looking for something more specific and detailed. I am hoping to find some research papers that show exactly how this happens.
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Scott Stelljes started the forum topic Insurance Underwriting Cycle in the group
Finance Professionals 5 days, 20 hours agoThe property/casualty insurance industry goes through cycles of high prices and profits vs low prices and profits and relaxed underwriting. Could this be related to the Austrian Business Cycle Theory? Has anyone […]
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No, I do not accept the concept that devaluing money increases investment. Nominally, of course the price of an asset will go up as the value of money drops, but looking at the level of investment against something not decreasing in value may tell a different story. For example: The S&P 500 valued at 1560 in 2008 and now is holding at 1400. So…[Read more]
I think it was specifically his point that it encouraged people to spend or invest their money rather than hold onto it because it would otherwise lose value (or he denies that it would lose value, but that an increase in the number of dollars would mean people had more to spend and thus would value each unit less. I know that’s really the same…[Read more]
I guess I was pointing out a counter example. The real issue is that as money loses value, those who save real wealth by deferring consumption, consumers, will consume their wealth as it will be worth less in the future. They have every incentive NOT to defer consumption, save, as any desired gains need to be added to the loss in value of money.