Under a system of private ownership, in which the government's only function is to protect property rights, it is immaterial where the frontiers of people's country are drawn.
Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.
The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession.
Toda visión del mundo y toda ideología que no esté totalmente comprometida con el ascetismo debe reconocer que la sociedad es el gran medio para alcanzar los fines terrenales.
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
