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  1. pmaitra

    Economics: Why are mainstream views different from reality?

    @Meriv90, Energy is something mankind will always need. Windmills are good; however, they do cut down on the wind flow over a large area. Geothermal plants are an interesting development. I don't hear much about them, and of course, they are not suitable at all places.
  2. pmaitra

    Economics: Why are mainstream views different from reality?

    Those that have some thorough knowledge, please explain whether the BRICS Development Bank will be following the same Franctional Reserve Banking, and what audit options are available to ensure its reliability. @Sakal Gharelu Ustad, @Twinblade
  3. pmaitra

    Economics: Why are mainstream views different from reality?

    I read the article. It is unclear what it is based on, but I guess it is non-nominal or nominal GDP. This is interesting: Full article: U.S. Federal Government Revenue (Current & Inflation Adjusted) » truthful politics
  4. pmaitra

    Economics: Why are mainstream views different from reality?

    I think a small amount of gold can be legally owned. I am not sure about the details, but the Constitutionality of this move is controversial.
  5. pmaitra

    Economics: Why are mainstream views different from reality?

    Not in the US: Executive Order 6102 - Wikipedia, the free encyclopedia
  6. pmaitra

    Economics: Why are mainstream views different from reality?

    Government Debt And You - YouTube @kseeker, @Sakal Gharelu Ustad, @Singh
  7. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: German President to begin 5-day India visit on Feb 4 OT, but valuable discussion. Let's not rely on hearsay. Here is what I got: India's external debt, from 1998 to 2004. Tool link: http://www.tradingeconomics.com/india/external-debt
  8. pmaitra

    Economics: Why are mainstream views different from reality?

    Shamelessly plagiarized from another forum that I cannot provide a link to. Just know that these two quotes are not my original content: Guide To Economics I Guide To Economics II
  9. pmaitra

    Economics: Why are mainstream views different from reality?

    @panduranghari, @Sakal Gharelu Ustad Same stuff, but in a different way.
  10. pmaitra

    Economics: Why are mainstream views different from reality?

    Perform Quantitative Easing. Darn it. That didn't solve the problem. Well, the obvious solution is, more Quantitative Easing, ain't it"½ Ben Bernanke has warned that running over this 'fiscal cliff' would lead the economy into a new recession Photo: AP Federal Reserve begins to addresses...
  11. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan Regarding QE, you said you'd rather wait before jumping to conclusions. I think that is a very valid comment, and i give you full credit for that.
  12. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan Sometimes it becomes imperative to be helpful and answer questions. So when there is overloading of questions, such as whether banks practise usury, there will be overloading of answers, explaining the same thing. Put it...
  13. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan Neither do I appreciate mixing beliefs and conclusions, nor do I understand why the obvious (e.g. 2+2=4) should be taken as a belief, and a 'study' conducted before concluding that 2+2=4. Obfuscation and inundating with...
  14. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan Personally, charging any kind of interest is usury. Now, whether it is justified, or not, is a different question. But as long as there is even 0.000000000000001% interest, it is usury.
  15. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan It is usury, either way, whether in the moral sense or the legal sense. It is written explicitly, just go to the Wiki page.
  16. pmaitra

    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan Read the definition again. Look for the terms 'moral' and 'legal.' See Wiki link.
  17. pmaitra

    Economics: Why are mainstream views different from reality?

    @Sakal Gharelu Ustad, @cir is correct. Western economics is not science. Some countries in the West are not producing enough goods and services, yet are experiencing lot of growth. This clearly explains why western economics is best described as a massive Ponzi scam. I am still waiting...
  18. pmaitra

    Economics: Why are mainstream views different from reality?

    Another related thread: http://defenceforumindia.com/forum/economy-infrastructure/43074-do-governments-deliberately-keep-unemployment-high.html
  19. pmaitra

    Economics: Why are mainstream views different from reality?

    Of course we are not living in a static world, and that is why economists' predictions fail so often. Exactly, that is the point, so it is all a forecast, an estimate, or an assumption. I completely agree with your last sentence. First of all, I have no idea what those parameters mean. The...
  20. pmaitra

    Economics: Why are mainstream views different from reality?

    Quoted from the article: Again, I don't know why. And, Now comes the fun part: Source: Rethinking macro policy | vox You do realize that it is all about setting a target and hoping it will work out when cuts are required, and there is no mathematical basis to substantiate the 4%, or do...
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