Jthomp76

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Viewing 15 posts - 16 through 30 (of 43 total)
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  • in reply to: When and why were markets first liberalized? #15334
    Jthomp76
    Member

    So if not for America would the liberalization of people and markes have happened later? Or was it already happening? In other words, is the U.S. responsible for freedom spreading throughout the world? It’s just crazy to think people lived in absolute poverty for all of history and then all of a sudden freedom and prosperity exploded. What triggered it?

    in reply to: When and why were markets first liberalized? #15332
    Jthomp76
    Member

    Following up…

    in reply to: Japan and deflation #18238
    Jthomp76
    Member

    I get the same argument from people and never have a good rebuttal. Dr Herbener, could you give us the readers digest answer?

    in reply to: Depression, gold standard #18188
    Jthomp76
    Member

    So did the gold inflows have anything to do with our troubles?

    in reply to: Depression, gold standard #18186
    Jthomp76
    Member

    Also, I don’t even understand the argument even if it were true. Why would an inflow of gold be bad for an economy?

    in reply to: Depression, gold standard #18185
    Jthomp76
    Member

    Also, I don’t even understand the argument even if it were true. Why would and inflow of gold be bad for an economy?

    in reply to: Depression, gold standard #18184
    Jthomp76
    Member

    Mehrling says the fed raised rates in 1931 during a deflationary period causing gold inflows. Is this true?

    in reply to: Depression, gold standard #18182
    Jthomp76
    Member

    Ill definitely read chapter 23 but I think the argument is that the US forced all the major currencies off the gold standard causing the depression. Mehrling says many countries went back on the gold standard after WWI. Is this wrong?

    in reply to: Depression, gold standard #18180
    Jthomp76
    Member

    I read the chapter and while interesting Im not sure it answers my question. The theory I just learned (Perry Mehrling’s online class: https://class.coursera.org/money2-001/lecture/61) states that as more countries went on the gold standard after WWI, demand for gold increased dramatically. These pressures were deflationary and Rather than revaluing, the US kept the price parity causing prices to fall. Additionally their rate hikes in 1931 caused massive gold inflows causing other countries to go off the GS, thus collapsing the GS system. These two factors caused the Great Depression according to the theory. Do Austrians agree with this?

    in reply to: QE is not printing money? #18173
    Jthomp76
    Member

    Check out previous post on this forum, “Fed Balance Sheet” for more info.

    in reply to: Fed balance sheet #18166
    Jthomp76
    Member

    Can you explain why banks aren’t making loans?

    in reply to: Fed balance sheet #18164
    Jthomp76
    Member

    Wow, so Schiff and a lot of other libertarian economists are wrong. Maybe this is partially why inflation isn’t as bad as predicted by many?

    in reply to: Fed balance sheet #18162
    Jthomp76
    Member

    My main question is does the fed necessarily print or create the money out of thin air each time it purchases these treasuries and MBSs? All we read in Austrian circles is that this is the case. Are you saying sometimes they do not simply create the money to make these purchases? Rather they use reserves they acquire through the sale of assets or reverse repos?

    in reply to: Fed balance sheet #18160
    Jthomp76
    Member

    So the fed is not printing $85 billion per month as we keep hearing?

    in reply to: Debt #18110
    Jthomp76
    Member

    Could it be that our high time preferences and trade deficits are a result of these policies? In other words maybe they are not the disease but a symptom? Are we not consuming a lot more than we normally would (or should) absent some of some of these conditions you mention? Is it ever possible to consume too much? Is it not sometimes healthier to save?

    Sorry, I’m having a tough time grasping this. I appreciate your time!

Viewing 15 posts - 16 through 30 (of 43 total)