The Specific Value of Money
The task of the theory of money consists merely in dealing with that component in the valuation of money which is conditioned by its function as a
The task of the theory of money consists merely in dealing with that component in the valuation of money which is conditioned by its function as a
Money originates by free markets via barter and gold and silver, not by governments via fiat. A story of Halloween candy demonstrates this. The double coincidence of wants is solved by money. Money that will last will be six things: generally marketable, divisible, high value per unit weight (portable), durable, recognizable, and homogeneous.
Free market capitalism coordinates every stage of every production desired by consumers as if by magic. Knowing Austrian economics will allow you to see which public policies are disastrous to this productivity. Unintended consequences, opportunity cost, and pricing theory are fundamental concepts to explain human action.
Producers really are slaves to their consumers. Destruction & Production can be called Power & Market. Technology like the printing press was initially feared. It would put scribes out of business. Technology describes each generation in our human-built world.
Understanding economics helps you see history better. American workers, although only lightly unionized, were more productive than others. All high standards of living are due to free markets. Governments destroy this.
Recycling happens naturally when there is market demand for waste items like plastic, paper, metal or glass, but mandated recycling does more harm than good. When do you know that recycling is worthy? You know when some person or business asks to buy your particular waste from you, not when some authority forces you to recycle.
Presented to the Auburn University Libertarians; Auburn, Alabama, on 18 November 2009.
Jeffrey Tucker interviews Mises Institute founder Lew Rockwell, and discusses the Murray Rothbard festschrift, published in 1986 in honor of Rothba
Stolyarov reviews Robert P. Murphy’s The Politically Incorrect Guide to the Great Depression and the New Deal (2009).
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E.
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.
Recorded at the Mises Circle in Newport Beach, California, November 14th, 2009. Sponsored by Louis E. Carabini, Saturday.
“The Candlemakers’ Petition” is a well known satire of protectionism written and published in 1845, as part of Bastiat
The notion of a neutral money is no less contradictory than that of a money of stable purchasing power.
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
Pages 326-329 in the text, as narrated by Floy Lilley.
There prevails in the writings of many contemporary authors the disposition to represent every extension of governmental power and every restrictio