European Tribune - Comments - More (Macro)Economics by Physicists

More (Macro)Economics by Physicists | 14 comments (14 topical, editorial, 0 hidden)

Re: More (Macro)Economics by Physicists (none / 0)

I agree with the first two points, but not (wholly) with the third. Redistribution via taxation -- let's just lump this under "fiscal policy" -- can help achieve greater equality, so long as you do not kill the incentive to work and achieve. Risk-taking is a critical component to economic success. Big risks, successful when taken, should be rewarded with big payoffs. ("How big?," is the question to ask.)

Increasing the money supply and the number of transactions will, in the long run, lead only to rising prices if it is not met with greater aggregate wealth. In the short run, it can help the the "little guy" -- e.g., the debtor -- but only in the short run.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Nov 28th, 2005 at 12:34:18 AM EST

Re: More (Macro)Economics by Physicists (none / 0)

It's a balancing act.

by Colman (colman at eurotrib.com) on Mon Nov 28th, 2005 at 06:17:54 AM EST
[ Parent ]

Re: More (Macro)Economics by Physicists (none / 0)

Right.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Nov 28th, 2005 at 01:09:07 PM EST
[ Parent ]

More (Macro)Economics by Physicists | 14 comments (14 topical, 0 editorial, 0 hidden)

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