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Source link: http://blog.mises.org/9849/murphy-is-getting-the-reviews/

Murphy is getting the reviews

April 26, 2009 by

They are looking good at Amazon.

We’ve waited years, decades, for this book and it comes out just at the right time: the PIG to the Great Depression and New Deal.

{ 6 comments }

Daniel April 26, 2009 at 9:57 pm

Yaay! I ordered this book and Jim Rogers’ “A Gift to My Children”, but I went the cheap route (no pun intended) and chose Amazon’s “super-saver” shipping option. So, hopefully, I’ll get the book this month.

Sukrit April 26, 2009 at 11:28 pm

Someone needs to get a book bomb going for either this book or Thomas Woods’ one. Let’s push it to #1.

sheridan April 27, 2009 at 5:04 am

Would be much appreciated if Murphy could comment on the points raised in the 3-star review by Crosslands.

cavalier973 April 27, 2009 at 9:11 am

To Sheridan: It seems that there are already responses to the article in question; good show to Al Fab, “concerned citizen”, and Sean Kennedy…

From Sean Kennedy’s response (And I want this printed on a T-shirt): “An important distinction needs to be made here about real savings in the economy. When interest rates decline due to monetary stimulus, there’s less incentive to save, and the economy’s pool of real savings declines in favor of consumption. This is at the very moment that lower interest rates spur a new batch of investment in interest-rate-sensitive sectors of the economy: the capital-intensive sectors. But in order to complete these new investments, or reap profit upon their completion, the real pool of savings must be large enough to sustain the projects. Real savings, though counted and exchanged in money, essentially is saved real output: goods which were not earlier consumed upon production. This saved pool of goods must be allocated to sustain the new investment projects.”

Marcus April 27, 2009 at 12:27 pm

mh i am a little surprised no interview with mr murphy about his new book , mr tucker where are you ? ;)

Peter April 28, 2009 at 9:43 pm

I will buy it on amazon as daniel said

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