I've created this blog as a place to put some of the thougts I want to make public, but that don't pertain to the Empress Theatre. You're welcome to read 'em, and maybe even leave a comment or two if you want. Here you'll find movie and play reviews, thoughts on public, private and home education, and a host of other things that are of interest to me.
In my last post, I touched on the differences between the economic theories of John Maynard Keynes and Ludwig von Mises. Immediately aftward, I was directed to this story in the New York Times. It seems that americans are saving more instead of spending the their money on consumer goods. Up until this downturn, about 70% of the US Economy was consumer spending, and in 2005, the US Savings rate was negative 2.7%. The "stimulus" is supposed to stimulate spending to get money moving again. But it isn't happening as planned. Folks are saving for down payments because they don't expect to get zero down home mortgages; they're saving to replenish their decimated retirement and college funds. The austrians believe that the best way to "fix" the economy is to allow the "malinvestment" created by the false signals in the economy (from the open market ops and deficit spending) to be liquidated and the resources repurposed into better investments. It...
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