The Austrian
Author:
Per Bylund
Online Publish Date:
The Austrian (TA): At mises.org, we’ve focused a lot on how monetary policy can increase inequality and impoverishment. But the same could be said of many in the production structure and thus in how resources are used. This includes innovations and entrepreneurship ventures, which outbid other producers and therefore lower-value opportunities or not pursue any at all. It’s possible that we get less innovation and entrepreneurship overall. That hardly benefits the “little guy.” I