ANSWERS: 1
  • 12-17-2016 You have to specify which economic theories you are using. There are two, and even though they use the same words to talk about the same subjects, things expressed in one system make no sense in the other system. One system is Traditional, also called Austrian, the other is Keynesian. You need to understand both because Keynesian theories are used by bankers to justify tax-and-spend policies and inflation, and Traditional theories are used by anybody who has to deal with reality and make an actual profit.

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