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Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange
The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.
War and Foreign Policy
Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.
Decentralization and SecessionU.S. HistoryWorld History
As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.
The FedProgressivismSocialismMoney and Banking
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.
Booms and BustsInflationBusiness Cycles
An upcoming recession likely will lead to falling asset prices. But these price decreases do not cause recessions, but rather are a result of them.
Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.
Booms and BustsCentral BanksMonetary PolicyBusiness Cycles
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.
Falling prices ultimately lead to an increase in savings and to the creation of new wealth.