Mises en 1926: La opinión pública siempre quiere «dinero fácil», es decir, tipos de interés bajos. Pero la propia función del banco emisor de billetes es resistirse a tales demandas, protegiendo su propia solvencia.
One of the fundamental tenets of Austrian economics is the ordinal value scale. Augustine articulated the idea more than a thousand years before Carl Menger wrote his pathbreaking Principles of Economics .
Three years after the covid virus hit the world, we are just starting to take a hard look at the damage caused by the covid restrictions. The "experts" not only were wrong; they were scandalously wrong.
It's a myth that the "Founding Fathers" made America a republic in 1787. It was the state governments and their constitutions that did this. But the top-down myth glorifying the central government endures.