Question: It is often argued that saving should be encouraged. If one believes in the free market, does encouraging saving make sense? Why or why not?

It is often argued that saving should be encouraged. If one believes in the free market, does encouraging saving make sense? Why or why not? (Austrian)

Step by Step Solution

★★★★★

3.19 Rating (174 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Austrian Austrians believe that individuals know what is in their best ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Foundations Macroeconomics Questions!

Why do governments intervene in the free-market system?

Economist Steven Landsburg argues that if one believes in the death penalty for murderers because of its deterrent effect, using cost/benefit analysis we should execute computer hackersthe creators...

It has been argued that Greece, which effectively has a fixed exchange rate with the rest of the EMU, would have done better after the 20082009 recession if it were not part of the EMU and instead...

1.1. It is often argued that saving should be encouraged. If one believes in the free market, does encouraging saving make sense? Why or why not? (Austrian)

Which theorist/theory of the emergence and role of law best explains law's character and role today? Are there current events, which help illustrate the theorists' claims about how law develops?...

QUESTIONS : Based on the above case study, please kindly answer the following questions : 1. a.How do you perceive the practice of corporate entrepreneurship in SAMHOUD company above ? Please explain...

Corporate Entrepreneurship: A case study 1.Introduction In todays business world, established/large enterprises have to deal with two major challenges: a responding to the technological and global...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

nstructions: Summary: what is a main concept in the case or article? A perspective on the globalization of financial markets and institutions Situations that arise in the case or article. Possible...

Masking the Offense? An Ethical View on Humor in Advertising Kati Frster a and Cornelia Brantner b aDepartment of Communication, University of Vienna; bInstitute of Media and Communication, Dresden...

Emily Frazier believes a current liability is a debt that can be expected to be paid in one year. Is Emily correct? Explain.

What is security of web server and data directory. Technology: ownCloud

The firm's optimal financial policy depends on the nature of the firm's assets the easier its assets can be sold, the more feasible it is for the firm to use - Select - shortlongItem 1 - term debt....

7.19 The times taken by buses to travel between two stops on a route follow a Normal pattern of variation with a mean of 13.9 minutes. A commuter makes this journey ten times each week. One week she...

The lucky winner of a lottery was given an option. She could either receive $1 million a year for 20 years, for a total of $20 million, or simply receive $10 million today. Why would anyone take the...

In early 2010, one quarter of all U.S. homes were underwater. No, there was not massive flooding across the entire country. The term underwater means that homeowners owed more on their mortgages than...

As securitization developed, it allowed financial intermediaries to provide new funds for borrowers to enter the housing market. This led to a rise in the rate of homeownership and was hailed as a...

Suppose X1, ..., Xn are iid random vectors from No(u, E) with E being known and positive definite. Our interest is to make inference on the unknown vector /. Suppose our interest is to test Ho : M =...

Please help me with this statistics problem. I don't know how to answer it. 1. (30 points) Let Yl, ..., Yn be i.i.d. samples from the density function kyk-1 fo(y) = Ak 10 2 is a positive integer. (a)...

Caterpillar, Inc CNH Global 2014 2013 2012 2013 Profit Margin 7.09% 7.19% 9.01% 8.22% I have performed DuPont analysis on Caterpillar Inc. and its closest competitor, CNH Global. Your analysis should...