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Brendan's interesting additional economic links :)
AppleXY:
LOL LOL LOL LOL LOL good one.
Wow, christmas can have dead-weight loss, never knew til now :D
ROFL again at the convo ;)
brendan:
http://www.princeton.edu/~rpds/downloads/Deaton_Aging_and_wellbeing_around_the_world_Aug_07_ALL.pdf
"Average happiness is strongly related to per capita national income; each doubling of income is associated with a near one point increase in life satisfaction on a scale from 0 to 10. Unlike most previous findings, the effect holds across the range of international incomes; if anything, it is slightly stronger among rich countries."
costargh:
Supply and demand of babies haha
brendan:
[i][b]Harvard College Economics Review[/b][/i]
brendan:
Here is what happens when a government simply decides to print money to fund its activities:
http://www.nytimes.com/2007/02/07/world/africa/07zimbabwe.html?ex=1328504400&en=5709ec03b6b62b0d&ei=5090&partner=rssuserland&emc=rss
For the economic theory behind it, see http://en.wikipedia.org/wiki/Quantity_theory_of_money
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