Andreas Granath

In a sound monetary system and a free market, overall prices would generally fall as the economy grows faster than the money supply, enabling people to purchase more with their money.

Both economists and laypeople carelessly refer to interest rates as the "price" of money. As Austrian economists have pointed out, however, interest is what people are willing to pay to control resources at the present time instead of waiting until later, time preference.

When people think of anarchy, they picture violence and rioting in the streets. However, real anarchy is simply people voluntarily organizing their time and activities without being coerced by state authorities.