Wicksell postulates a process of forced saving when the money rate of interest is held below the natural rate, a process that maintains the ex post equality of savings and investment. Keynes turns that situation around, and postulates a process of forced investment (the piling up of inventories) when the money rate is held above the natural rate, a process that again maintains the ex post equality of savings and investment.
Pearce: British Journal for the History of Philosophy Deneen: The American Conservative Chao-Reiss: Computing Reviews
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...