Austrian Economics Overview

Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.

Few people understand how destructive regulations are.

Free trade promotes economic progress.

There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.

Government attempts to limit “monopoly power” cannot improve well-being.

What is a business cycle?

In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.

Entrepreneurship is a general feature of the market economy.

"We would not expect money to be paper, national, or under the control of any entity."