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It's the classical definition

Posted on: December 28, 2016 at 10:02:25 CT
ummmm MU
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one that your hero Keynes acknowledged and then set out to re-define.

"The roots of the business cycle lie not in praxeology, but in psychology."

Is this a reference to animal spirits?
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Made in the USA!!! - playhard NWMSU - 12/28 09:15:43
     All manufacturers play by the same rules and realities... - Salty Dog MU - 12/28 09:50:09
          Oh, and you base that on the dedication Don has shown - raskolnikov MU - 12/28 10:00:17
               He's done a thousand times more good in his life than Obama - Salty Dog MU - 12/28 10:10:39
                    So the cheating and defrauding is OK then. Thanks(nm) - raskolnikov MU - 12/28 10:12:54
                         as opposed to engaging in the extortion racket - Ferg STL - 12/28 10:22:18
                         rask, we know you don't value those who create wealth for - 90Tiger MU - 12/28 10:17:46
                              Good for You. Go Team(nm) - raskolnikov MU - 12/28 11:01:59
                         Obama and Clinton are not the topic here... - Salty Dog MU - 12/28 10:15:48
          Manufacturers in different countries do NOT all play by - 90Tiger MU - 12/28 09:50:56
               so what? - Ferg STL - 12/28 09:53:27
                    I could care less what they pay someone in a foreign - playhard NWMSU - 12/28 09:56:24
                         Same here - pickle MU - 12/28 10:09:36
                         then we are in total agreement - Ferg STL - 12/28 10:01:21
                         Then you want the US to continue to pay citizens to not work - 90Tiger MU - 12/28 09:57:17
                              What? (nm) - pickle MU - 12/28 10:10:00
                                   The US govt has a minumum wage, OSHA, EEOC, taxes of - 90Tiger MU - 12/28 10:13:58
                                        RE: The US govt has a minumum wage, OSHA, EEOC, taxes of - sarasotatiger MU - 12/28 11:14:48
                                             I doubt he will learn anything other than left wing spin... - Salty Dog MU - 12/28 12:38:34
                                        I see your A and B - pickle MU - 12/28 10:16:21
                                             I see your A and B - Salty Dog MU - 12/28 10:16:58
                              you again demonstrate your lack of knowledge - Ferg STL - 12/28 10:03:18
                                   unemployment in this context is created by the minimum - 90Tiger MU - 12/28 10:10:03
                                        RE: unemployment in this context is created by the minimum - sarasotatiger MU - 12/28 11:10:47
                                        those things are called regulations, and most - Ferg STL - 12/28 10:15:16
                                             well, duh. you think they might have something to do with - 90Tiger MU - 12/28 10:25:53
                                   I didn't claim trade causes unemployment (nm) - 90Tiger MU - 12/28 10:06:31
                              You act like unemployment is at 15%(nm) - playhard NWMSU - 12/28 10:00:30
                                   Unemployment is way higher than 5% and many more - 90Tiger MU - 12/28 10:02:05
                                        Correct, it's not 4.9% - playhard NWMSU - 12/28 10:04:56
                                             RE: Correct, it's not 4.9% - 90Tiger MU - 12/28 10:08:19
                                                  RE: Correct, it's not 4.9% - sarasotatiger MU - 12/28 10:20:45
                                                       Right, so can we stop with the 4.9% fantasy altogether? - 90Tiger MU - 12/28 10:26:26
                    of course, but Mr. Pointy Head wants his cheap - 90Tiger MU - 12/28 09:54:58
                         your posts are nearly incoherent - Ferg STL - 12/28 10:00:36
                              i'm mocking playhard, good grief. (nm) - 90Tiger MU - 12/28 10:02:35
                         I suspect the tariff threat is just that, a threat...i don't - playhard NWMSU - 12/28 09:59:13
               Could you please be specific? - Salty Dog MU - 12/28 09:52:34
     It does cost more to manufacture in the US - Ferg STL - 12/28 09:43:58
          why? (nm) - 90Tiger MU - 12/28 09:53:09
          Bingo! - Salty Dog MU - 12/28 09:51:19
               why does it cost so much to manufacture in the US? (nm) - 90Tiger MU - 12/28 09:53:29
                    Stop trying to be coy and see below... - Salty Dog MU - 12/28 09:55:43
          and why does it cost more to manufacture in the US v. say, - 90Tiger MU - 12/28 09:45:03
               RE: and why does it cost more to manufacture in the US v. say, - sarasotatiger MU - 12/28 10:04:37
                    min wage, osha, eeoc, financial regulations, the massive - 90Tiger MU - 12/28 10:14:55
               Well, duh...The cost of labor. Why do you think... - Salty Dog MU - 12/28 09:54:26
                    why is labor cost so much higher in the US? there are - 90Tiger MU - 12/28 09:56:30
                         Standard of living...They don't have multiple cars, multiple - Salty Dog MU - 12/28 10:14:39
                              All of those things are paid for with $19T in debt, well - 90Tiger MU - 12/28 10:15:38
               the answer is obvious - Ferg STL - 12/28 09:49:03
                    You haven't answered the question - WHY can you hire - 90Tiger MU - 12/28 09:52:36
                         It's a good thing that most people in this country - Ferg STL - 12/28 10:10:26
     Deregulation of US businesses (nm) - Fourth and Long MU - 12/28 09:39:16
          protectionist policy is the opposite of deregulation - Ferg STL - 12/28 09:44:42
               what do you call policy that makes it massively more e - 90Tiger MU - 12/28 09:47:46
                    goddamn your dumb - Ferg STL - 12/28 09:51:57
          RE: Deregulation of US businesses (nm) - playhard NWMSU - 12/28 09:42:07
               the subprime crisis was caused by regulations - Ferg STL - 12/28 09:46:18
                    That's only half of it - pickle MU - 12/28 10:11:27
                    And where did the lenders get the credit to lend to these - ummmm MU - 12/28 10:01:30
                    "forcing", so they put a gun to their head?(nm) - playhard NWMSU - 12/28 09:50:21
                         not a gun but CRA - Ferg STL - 12/28 10:18:01
                              All laws, acts, etc. have a gun behind them (nm) - pickle MU - 12/28 10:20:03
                         do you know anything about this? (nm) - 90Tiger MU - 12/28 10:03:10
                         Yes - Mizzou Lou KC - 12/28 10:01:26
               that was also the fault of regulations - El-ahrairah KC - 12/28 09:44:08
                    When Fannie buys no down-payment loans - Mizzou Lou KC - 12/28 10:05:14
     Sounds like a smart businessman - El-ahrairah KC - 12/28 09:38:07
     Inflation is an increase in the money supply - pickle MU - 12/28 09:24:01
          Inflation is an increase in the price index nm - SparkyStalcup MU - 12/28 09:50:08
               Incorrect. It's an increase in the money supply (nm) - pickle MU - 12/28 10:01:30
               No, it is not. - ummmm MU - 12/28 09:54:32
                    The Austrian redefintion is the bastardized version...an - SparkyStalcup MU - 12/28 10:00:42
                         It's the classical definition - ummmm MU - 12/28 10:02:25
          So a tshirt made overseas that currently costs $40 gets a - playhard NWMSU - 12/28 09:31:39
               You either don't buy it, or you buy a different shirt. - ummmm MU - 12/28 09:44:46
               Purchasing power refers to monetary value - pickle MU - 12/28 09:43:09
               RE: So a tshirt made overseas that currently costs $40 gets a - 90Tiger MU - 12/28 09:34:05
               you don't buy it (nm) - 90Tiger MU - 12/28 09:33:25
                    I should be more patriotic and buy the one made in - playhard NWMSU - 12/28 09:37:00
                         The first thing you should do - pickle MU - 12/28 09:45:17
                         speak for yourself. You whine about US companies paying - 90Tiger MU - 12/28 09:41:59
                              You're missing the point, nobody in the US is going to work - playhard NWMSU - 12/28 09:45:00
                                   I'm not missing any point here. You're ignoring every - 90Tiger MU - 12/28 09:50:25
                                        I don't want a higher minimum wage, i think we all - playhard NWMSU - 12/28 09:55:02
                                             unemployment isn't under 5% and why would someone - 90Tiger MU - 12/28 09:58:38
          he has no idea what you're talking about (nm) - 90Tiger MU - 12/28 09:26:25
     slaves make wages? (nm) - 90Tiger MU - 12/28 09:21:02
     the immigration policy of Trump goes completely against - ashtray UF - 12/28 09:17:08
          how is that, exactly? be specific. If you think the US - 90Tiger MU - 12/28 09:23:31
               correct - ashtray UF - 12/28 09:47:24
                    it's a pipe dream as long as we have minimum wages, osha, - 90Tiger MU - 12/28 10:00:44
                         because the ignorant citizens of this country who vote - ashtray UF - 12/28 10:20:28
                              true dat, bro (nm) - 90Tiger MU - 12/28 10:30:36
          I suspect it was nothing but a campaign slogan - playhard NWMSU - 12/28 09:20:03
               the US is propping up your ability to buy cheap goods from - 90Tiger MU - 12/28 09:33:04
               No (nm) - pickle MU - 12/28 09:29:51
               but you're ok with the huge tariffs other countries put on - 90Tiger MU - 12/28 09:21:50
                    Who in your opinion ultimatley pays for tarrifs?(nm) - Mo Texan MU - 12/28 09:25:05
                         oh, depends on the country. If the govt is subsidizing an - 90Tiger MU - 12/28 09:29:13
                              Your first try is the correct answer(nm) - Mo Texan MU - 12/28 09:32:07
                                   yes, if that is the only factor, of course (nm) - 90Tiger MU - 12/28 09:33:53
                                        Can you provide an example of how a tarrif doesn't raise - Mo Texan MU - 12/28 09:38:01
                                             sure - 90Tiger MU - 12/28 09:44:19
                                                  That may or may not be a true theory. That said his - Mo Texan MU - 12/28 10:18:05
                                                       I wasn't arguing the value of tariffs.I'm pointing out that - 90Tiger MU - 12/28 10:28:29
                              The consumer (nm) - pickle MU - 12/28 09:30:52
                         consumers (nm) - 90Tiger MU - 12/28 09:26:06




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