Fear the Boom and the Bust

Posted on | March 15th, 2010 |  by in Politics

Here is a great video which illustrates the difference between Keynesian and Austrian economics and explains the conflict between the two.

John Maynard Keynes advocated interventionist economic policy, by which governments would use fiscal and monetary measures to mitigate the adverse effects of business cycles, economic recessions, and depressions. He advocated a strong central bank which would control the monetary supply. Keynesian economics has provided the theoretical underpinning for the plans of President Barack Obama, Prime Minister Gordon Brown of the United Kingdom, and other global leaders to ease the economic recession.

The Austrian School of economic thought emphasizes the spontaneous organizing power of the price mechanism or price system. Austrians hold that the complexity of human behavior makes mathematical modeling of the evolving market extremely difficult and advocate a laissez faire approach to the economy. Austrian School economists advocate the strict enforcement of voluntary contractual agreements between economic agents, and hold that commercial transactions should be subject to the smallest possible imposition of forces they consider to be coercive (in particular the smallest possible amount of government intervention).

F A von Hayek was from the Austrian school and won a Nobel prize for his works in economics. During the Nobel ceremony in December 1974, Hayek met the Russian dissident Aleksandr Solzhenitsyn. Hayek later sent him a Russian translation of "The Road to Serfdom" and Solzhenitsyn was surprised that someone who had not lived in Russia could see so clearly the effects of socialism.

Anyway, this is a great video.

Fear the Boom and the Bust

Posted on | March 15th, 2010 |  by in Politics

Here is a great video which illustrates the difference between Keynesian and Austrian economics and explains the conflict between the two.

John Maynard Keynes advocated interventionist economic policy, by which governments would use fiscal and monetary measures to mitigate the adverse effects of business cycles, economic recessions, and depressions. He advocated a strong central bank which would control the monetary supply. Keynesian economics has provided the theoretical underpinning for the plans of President Barack Obama, Prime Minister Gordon Brown of the United Kingdom, and other global leaders to ease the economic recession.

The Austrian School of economic thought emphasizes the spontaneous organizing power of the price mechanism or price system. Austrians hold that the complexity of human behavior makes mathematical modeling of the evolving market extremely difficult and advocate a laissez faire approach to the economy. Austrian School economists advocate the strict enforcement of voluntary contractual agreements between economic agents, and hold that commercial transactions should be subject to the smallest possible imposition of forces they consider to be coercive (in particular the smallest possible amount of government intervention).

F A von Hayek was from the Austrian school and won a Nobel prize for his works in economics. During the Nobel ceremony in December 1974, Hayek met the Russian dissident Aleksandr Solzhenitsyn. Hayek later sent him a Russian translation of "The Road to Serfdom" and Solzhenitsyn was surprised that someone who had not lived in Russia could see so clearly the effects of socialism.

Anyway, this is a great video.

County Meetings Today;Will They Hire Tallahassee "Friend?",Buy Local Policy At School Board Tommorrow, more

Posted on | March 15th, 2010 |  by Carl Cricket in Local Politics

This will be just a short blog as today looks like a beautiful day to be outside, causing a problem somewhere! :>>

*We first have to point out that we missed telling you about something which happened at last week's agenda practice meeting. A majority of the commission, headed by Chairman Hawkins, told the manager that the public WILL be allowed to speak at budget meetings and make any suggestions they care to. Mr. Hawkins and Mr. Smith made statements regarding not wanting to eliminate the public process. It was then decided that would be the way it'll happen. The manager received his directive.

Full story »

Presentation on “Making Natives Work: Designing Home Landscapes”

Posted on | March 11th, 2010 |  by in General

On Mar 18th Mark L. Johnson, MLA, will be making a presentation on “Making Natives Work: Designing Home Landscapes”. Johnson, a registered landscape architect, is a leader in sustainable design and development efforts throughout Central Florida. He was instrumental in the publication of the Florida Chapter ASLA publication “Visions of Smart Growth and Sustainability”; has served on regional Smart Growth bodies; serves on the Board of Directors of the Orlando area’s Back to Nature Wildlife Refuge; and also serves as our current Florida Native Plant Society-Pine Lily Chapter President. This presentation will provide some design theory and tricks that can bring more unity and harmony to an otherwise “wild” landscape.”

The purpose of the Florida Native Plant Society is to promote the preservation, conservation, and restoration of the native plants and native plant communities of Florida. Its members are people from all walks of life who love Florida, and all are welcome. We are a growing coalition of educators, naturalists, botanists and other scientists, land managers, landscapers, and home gardeners.

The Pine Lily Chapter is an umbrella chapter covering Osceola County and is non-profit.

We meet at the First United Methodist Church, Fellowship Hall, 101 W. Dakin Av, Kissimmee FL 34741, at 6:30 p.m. on the third
Thursday of each month except December.

Learn the joy and value of gardening with native plants in an educational and social forum. Program are free and change monthly.

Visitors always welcome!

Search

Who's Online?

  • Guest Users: 852
June 2017
Sun Mon Tue Wed Thu Fri Sat
 <   >
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30  

Sponsors / Advertisers




©2017 by KSIB Administration. All Rights Reserved.
Contact Us

Powered by GurdianHost Networks