In this 32-minute talk, Jörg Guido Hülsmann examines and summarizes Mises's insights and innovations in understanding money, its origins, and its purposes. Presented at the 2011 Supporters Summit in Vienna, Austria, on 20 September 2011. Includes an introduction by Douglas E. French.
In line with Nazi economic totalitarianism overall, the National Socialists took total control of German agricultural while leaving in place an ersatz form of private ownership.
The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.
Decades ago, the Chinese state began to accumulate gold merely as part of a makeshift backup plan. But it may have ended up with enough gold to make a real move away from fiat currency, which would be a disaster for its Western competitors.
