The Determination of the Purchasing Power of Money
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intentio
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intentio
Money is the thing which serves as the generally accepted and commonly used medium of exchange.
Recorded at the Mises Circle in Greenville, South Carolina, 3 October 2009. Sponsored by Ron Wilson, and Professional Planning of Easley, LLC.
It is a betrayal of our duty to our patient to use any consideration of some greater social good defined by the government to alter the best course of action for the patient.
"The key thing is that the price of producer goods has to fall faster and farther than consumer goods for the correction process to proceed."