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History of the Austrian School of EconomicsPhilosophy and Methodology
Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.
World HistoryOther Schools of Thought
Book ReviewsInflationMoney and BanksCantillon
Austrian Economics OverviewPolitical Theory
Bureaucracy and RegulationFree Markets
In spite of all kinds of restrictions and red tape, consumer demand for firearms remains high, and the industry has found a way to meet that demand—through "80 percent lower receivers."
Taxes and Spending
If the government were a sitcom family, they would be called the Spendthrifts, and no one would dream of trusting them with credit.
Monetary TheoryMoney and BankingValue and Exchange
Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.