What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.
Property in private hands used for the production of goods and services for the market is already for all practical purposes public wealth. It is serving the public just as much as — in fact, far more effectively than — if it were owned and operated by the government.