The Mundane Economics of the Austrians
The Austrian School's core theoretical doctrines apply to everyday, pedestrian, ordinary economic problems.
The Austrian School's core theoretical doctrines apply to everyday, pedestrian, ordinary economic problems.
The details of the Clintonian plan, however diabolic, are merely petty demons compared to the general principles, where Lucifer really lurks.
Austrians wish to extend their laissez-faire views to the creation and sale of a specific commodity: money.
Instead of solving the initial problem, the intervention creates two or three further problems, which the government feels it must intervene to heal.
Every evil of the day, even those directly caused by the government, are blamed on the market economy.
[Day 10 of Robert Wenzel's 30-day reading list that will lead you to become a knowledgeable libertarian, this Mises Daily originally ran January 1, 2008.]