nousernameleft
New Member
- Joined
- Mar 21, 2009
- Messages
- 28
- Gender
- Female
- HSC
- 2009
The HSC economics textbooks all contain Keynesian flaws and fallacies in them.
We are taught in school that inflation is when aggregated demand exceeds aggregate supply.
This is laughable since this is impossible, Jean Baptiste Say proves this, you can't demand unless you have income and to get income you must produce therefore it is impossible for demand to exceed supply.
Unions and wage increases cause inflation. Why is it if the boss gets the money it's not inflationary but if the worker does it is?
Even if the company increased the price, that means another sector in the economy will have less spent on it. It can't explain why there would be a general increase in the price level.
Austrian economics should be taught in schools.
Inflation IS an increase in the money supply. It is the only thing that can lead to higher average prices.
It's not in the best interests of the government to be teaching us the truth.
Fiscal 'stimulus' is a concept that does not exist. Taxing from group and giving to another does not stimulate the economy, it stimulates some sectors at the expense of others.
Government's cannot create jobs by throwing money around. The recession is necessary to correct over stimulation by artificially low interest rates.
We are taught in school that inflation is when aggregated demand exceeds aggregate supply.
This is laughable since this is impossible, Jean Baptiste Say proves this, you can't demand unless you have income and to get income you must produce therefore it is impossible for demand to exceed supply.
Unions and wage increases cause inflation. Why is it if the boss gets the money it's not inflationary but if the worker does it is?
Even if the company increased the price, that means another sector in the economy will have less spent on it. It can't explain why there would be a general increase in the price level.
Austrian economics should be taught in schools.
Inflation IS an increase in the money supply. It is the only thing that can lead to higher average prices.
It's not in the best interests of the government to be teaching us the truth.
Fiscal 'stimulus' is a concept that does not exist. Taxing from group and giving to another does not stimulate the economy, it stimulates some sectors at the expense of others.
Government's cannot create jobs by throwing money around. The recession is necessary to correct over stimulation by artificially low interest rates.
