Schumpeter vs. Keynes
Schumpeter went on to remind the audience that the heart of the capitalist process was its endless dynamism, which was the opposite of Keynesian stagnationism.
Schumpeter went on to remind the audience that the heart of the capitalist process was its endless dynamism, which was the opposite of Keynesian stagnationism.
The inflationary environment causes savers to divert savings from paper assets to the safer harbor of hard assets such as precious metals, commodities, or even goods used for daily use.
"The single most important book on the Great Depression is that by Murray Rothbard." – David Gordon
Interviewed by the Arlington (New York) High School Chapter of the Young Americans for Liberty, 16 February 2009.
In their zeal to oppose the lunacy of the so-called “stimulus” plan, many radio talk show hosts and other pundits have fallen into the
Presented as part of the Mises Institute’s Brown Bag Seminar series on May 21, 1997 in Auburn, Alabama.
Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.
In reality, a house is a consumers' good, just like an automobile or a refrigerator.