i had been thinking about the idea aswell, and of course i realized aswell it's impossible to hit them hard enough to change their opinion. on the other hand i guess it's good to see that people actually care about what's going on with SOPA and how to prevent it
by saving your income rather than consuming you will be able to save les because businesses will produce less -> less output -> less general income -> less money that is possible to save
= keynes savings paradox
so generally if everybody does this, we are all screwing ourselves (if you only count in that you'll consume less in general because of this)
rising savings makes more money available for businesses to borrow and so make additional investments. (for example implying the finding of new technology and thus a higher demand for highly schooled employees, or additional firm plants, ...)
also, speaking time consistent, saving in period t=0 will make people able to consume 1 + real interest rate in t=1, so it's just a movement in time when to consume
tbh your case is only correct when the economy ends up in a few periods of deflation, where consumers decide to even save more, because prices will be lower in the next period and thus getting the economy in a vicious circle and causing lower aggregate output
tbh it's all short run, because in the long run output is determined to a trend output. In the short run output fluctuates around this trend, once going over, the other time staying under the trend
WANNA HIT "THEM" HARD ????
HIT THEM IN THEIR FACES
they have money, they have power, they have law(made by themselves for themselves but whatevah) on their side, they have the police to enforce their personal will as legit
WANNA HIT "THEM" HARD ????
HIT THEM IN THEIR FACES
i had been thinking about the idea aswell, and of course i realized aswell it's impossible to hit them hard enough to change their opinion. on the other hand i guess it's good to see that people actually care about what's going on with SOPA and how to prevent it
just my 2 cents :)
by saving your income rather than consuming you will be able to save les because businesses will produce less -> less output -> less general income -> less money that is possible to save
= keynes savings paradox
so generally if everybody does this, we are all screwing ourselves (if you only count in that you'll consume less in general because of this)
rising savings makes more money available for businesses to borrow and so make additional investments. (for example implying the finding of new technology and thus a higher demand for highly schooled employees, or additional firm plants, ...)
also, speaking time consistent, saving in period t=0 will make people able to consume 1 + real interest rate in t=1, so it's just a movement in time when to consume
tbh your case is only correct when the economy ends up in a few periods of deflation, where consumers decide to even save more, because prices will be lower in the next period and thus getting the economy in a vicious circle and causing lower aggregate output
having macro exam in a week, so np :D
had macro economics this morning. I pretty sure i passed
a part of a summary of this course: http://homie1337.bestmail.ws/school/hw2/macro_economie/macro_economie_samenvatting_H1-13.pdf
what do you study?
tbh it's all short run, because in the long run output is determined to a trend output. In the short run output fluctuates around this trend, once going over, the other time staying under the trend
and mid long output is determined indeed by a trend output
and the really long output can only increase with the variable "technology"
HIT THEM IN THEIR FACES
they have money, they have power, they have law(made by themselves for themselves but whatevah) on their side, they have the police to enforce their personal will as legit
WANNA HIT "THEM" HARD ????
HIT THEM IN THEIR FACES