Austrian Economics Overview

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Douglas E. French

We live in extremely dangerous times. The enemies of liberty are on the march, but they do not go unchallenged.

Douglas E. French

Money originates by free markets via barter and gold and silver, not by governments via fiat. A story of Halloween candy demonstrates this.  The double coincidence of wants is solved by money. Money that will last will be six things: generally marketable, divisible, high value per unit weight (portable), durable, recognizable, and homogeneous.