What if there was a single, fundamental flaw in Keynesian economic theory that could shed light on the major imbalances and debts that have resulted from our monetary system? Does "spending" and consumption of resources truly make us wealthier? Ben Kaufman lays out the argument for how "Time" is the missing piece in the failed Keynesian puzzle.
Drop some applause on the original article at the link below, and don't forget to check out and follow Ben for his future work:
https://medium.com/@ben_kaufman/keynesian-errors-on-time-and-demand-80eeae2c7110
https://twitter.com/_benkaufman
I also mentioned in the show a comic book that excellently explains the process of economic growth, spending, and savings. If you haven't read it, its not to be missed:
http://themisescircle.org/blog/2012/11/06/how-an-economy-grows-and-why-it-doesnt/
Another big thanks to our sponsor eToro! Setup your account and start using their platform in just a few minutes at the link below: http://go.thoughtleaders.io/1195620190723
“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so),...
"While bitcoin is still mainly seen as digital currency, it’s essentially a timestamped log with special properties. As such, it can be utilised for...
As per the usual activities of the NSA, they seem seriously focused on destroying software security, hacking into networks all over the world, installing...