kbxcoopOver the past couple weeks, one of the reasons people say treasuries are selling off is because of inflation due to more government spending. How can there be more inflation if of the government is selling bonds in the market? Do banks lend to the government by credit expansion?
Also, I had an interesting discussion regarding human action. I said “all humans use means to achieve ends” and he stated “people in vegetative states, such as those hooked up to machines and cant do anything, cannot act, so are they not human?”. I was curious about this, because, although economics is the study of purposeful behavior, and therefore a vegetative state would not be in the study, Rothbard (Man economy and state pg 2) states (not in exact words) that it is the nature of man to act purposefully, and incomprehensible for humans to not do so, therefore they cant be human.