Subjective-Value Theory
Value is in the eye of the beholder, and hence voluntary trades are win-win activities.
Value is in the eye of the beholder, and hence voluntary trades are win-win activities.
There is always some great excuse for the trashing of the human freedom that built civilization as we know it. If the state cannot find one, it is glad to invent one. A population that is ideologically gullible or afraid for its security will permit government to run roughshod over rights and liberties.
When you speak, you act; and action implies taking control of one's own body with the underlying idea of private property.
In Austria, hardly any other economist has achieved the same kind of fame as Böhm-Bawerk.
A man would die of hunger who, having decided that money is real wealth, should carry out the idea to the end.
Government is a gang of thieves writ large. Let's look at the reality.
The last few years as an executive in a manufacturing company gave me a frighteningly close look at the inner workings of regulators in our government. Maybe I'm just naïve, but what I discovered was shocking. They are not "creating jobs" or "improving the economy" — precisely the opposite.