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Money and BanksMoney and Banking
Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.
What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.
War and Foreign PolicyWorld History
Both the battle and the war were unnecessary, but were the products of Great Power hubris and incompetence during and after World War I.
Bureaucracy and Regulation
Tax bureaucrats are very useful in helping politicians abuse their power. Presidents have long used the IRS to harass and attack their political opponents.
Free MarketsEntrepreneurshipValue and Exchange
Millennials are the focus of everyone’s attention in the housing business.
The EntrepreneurPhilosophy and MethodologyValue and Exchange
When Mises noted that a manager is a "junior partner" of the entrepreneur, he did not mean to downplay the role of management in the economy.
World HistoryPolitical Theory
A society in which [classical] liberal principles are put into effect is usually called a capitalist society, and the condition of that society, capitalism.
History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology
Oskar Lange was a Marxist economist and intellectual opponent of Mises. Late in his career, he sought to merge praxeology and Marxism.