Men err in their productions. There is no deficiency of demand. Ricardo
Home » Uncategorized » Windows 7 Get Rid of That Stupid “Shortcut” Text in Shortcuts.
What worked for me was this tip, which I found in the comments over here:
Don’t know about Vista but the below worked for me using Win7HP 64bit
1. start, run, regedit, go to HKCU\Software\Microsoft\Windows\CurrentVersion\Explorer
2. close all windows & programs
3. ctl-alt-del & start task manager
4. end explorer.exe
5. on the right registry pane, note original link binary value of 17 00 00 00(for me) & change to 00 00 00 00
6. ctl-alt-del, log off & back on or shut down & restart
I tried just changing that registry key by hand, and using little reg texts provided on sites, but for some reason Windows refused to listen, changing the value right back. Doing as Selvan suggested worked.
Good blog. I have question entirely unrelated to Windows 7. This question is about deflation and productivity. I shall be using your concept of money as a ‘certificate of productivity’ as well as a ‘licence to consume’ – a very intelligent way to look at money indeed.
Let me first establish a hypothetical situation:
There is an economy consisting of ten workers. They provide for each other’s needs and wants daily. Rather than bartering, the exchange gold coins for goods they want. There are ten gold coins. The money supply is fixed (i.e. no fractional reserve banking, central bank, or new gold deposits found). Each day, a worker exchanges their goods for a gold coin which they use to buy another worker’s goods.
One worker – let’s call him ‘Rip’ – brews beer. He brews one bottle a day, gets his gold coin for it and uses that to buy one loaf of bread or one night’s accommodation etc. a day. After a hard day’s brewing, he sells his beer, gets his gold coin and falls asleep before he can spend it.
While Rip sleeps, something amazing happens. The economy grows tenfold by means of machinery, improved intellectual capital, etc. There are still ten (well, nine) workers and each one now produces ten times as much a day and thus can consume ten times as much per day. One worker even started brewing beer to replace Rip, and he can brew ten bottles a day when Rip could only brew one. The workers have divided their gold coins into ten parts each so they can spend each 1/10 on something different if they want.
Rip wakes up years later and finds that his gold coin can now buy ten loaves of bread or ten night’s accommodation etc. – and he only had to brew one bottle of beer for it – not ten bottles like the other guy! After all these years he’s been asleep, he has still retained 1/10 of the purchasing power in the economy.
My question is this: does it make sense that Rip should be able to pass off his gold coin as a certificate of producing ten beers when it really is only a certificate of producing one beer? This was the best way I could think of putting the question. I trust you get the idea.
I couldn’t find anything on mises.org or other websites that addresses this deflation question specifically. I usually just see talk that deflation is a normal feature of the free economy and is nothing to worry about (fair enough). I would appreciate some of your thoughts on this.
A deep q indeed. The way you put the question, “does it make sense” is a nice open ended phrase that leaves room for examining things from every angle.
First, is he really any different than everyone else? The same thing, increased purchasing power, happened to everyone. For Rip, it is just more striking to the onlooker, because it happened all at once instead of gradually. After all, it’s not like everyone else is working ten times harder. On the contrary, they are probably sweating much less in making their new bounty. The increased wealth came from all the things you mentioned, which by their nature benefit everyone.
Second, from a certain point of view Rip is more responsible than anyone for creating this new cornucopia. Instead of using up the economy’s resources right away, as his license to consume quite justly allows, he held back, the noble long suffering soul, and let everyone else use those resources for ten full years for other stuff besides feeding himself. That’s how all that new machinery got made. See my article https://smilingdavesblog.wordpress.com/2013/02/14/how-mises-dismissed-that-whole-keynesian-thing-with-a-decisive-one-liner/
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