In that context, “money” is just an intermediary: it facilitates efficient exchanges between producers, but does not give rise to incremental “demand” that is independent of goods and services already delivered. Accordingly, when a credit bubble bursts there is no loss of honest, production-based aggregate demand. What disappears is artificial monetary demand that was originally enabled by the central bank and the financial system, not the productive main street economy.
http://www.zerohedge.com/news/2014-07-07/krugman%E2%80%99s-bathtub-economics
Monday, July 7, 2014
'Cheese Nun' leads abbey in production of the traditional, gourmet food
http://www.nhregister.com/general-news/20130227/cheese-nun-leads-abbey-in-production-of-the-traditional-gourmet-food-2?viewmode=default#photo1
Pleasant Hill Grain Berkey® Water Purification Systems
http://www.pleasanthillgrain.com/berkey_light_big_berkey_water_filter_british_berkefeld_portable_purifier.aspx
Ooops! Data from government agency shows US cooling trend
According
to the USCRN temperature readings, U.S. temperatures are not rising at
all – at least not since the network became operational 10 years ago.
Instead, the United States has cooled by approximately 0.4 degrees Celsius, which is more than half of the claimed global warming of the twentieth century.
http://americanthinker.com/blog/2014/07/ooops_data_from_government_agency_shows_us_cooling_trend.html
http://americanthinker.com/blog/2014/07/ooops_data_from_government_agency_shows_us_cooling_trend.html
Why Congress Must Reopen the TWA 800 Investigation
http://americanthinker.com/2014/07/why_congress_must_reopen_the_twa_800_investigation.html
Very Quietly, Obama Administration Is Reuniting Illegal Alien Kids with Their Families in U.S.
http://pjmedia.com/tatler/2014/07/05/166115/?singlepage=true
Global warming computer models confounded as Antarctic sea ice hits new record high with 2.1million square miles more than is usual for time of year
Read more: http://www.dailymail.co.uk/news/article-2681829/Global-warming-latest-Amount-Antarctic-sea-ice-hits-new-record-high.html#ixzz36mWWxnNf Follow us: @MailOnline on Twitter | DailyMail on Facebook
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