Austrian Economics Overview

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Joseph T. Salerno

The core of any system of economic theory is the explanation of how prices are determined.

Ludwig von Mises

It is not a conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are convinced of the untenability of their own doctrines.