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Money and BanksMoney and Banking
The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.
Big GovernmentBiographiesSocialismHistory of the Austrian School of EconomicsPolitical Theory
What would Mises think about the current state of the liberal project he laid out 100 years ago?
When asked why they do not just give their money away voluntarily, some billionaires suddenly decide cooperation isn't all that great after all.
History of the Austrian School of Economics
Austrian-school economics is value-free and is not necessarily in favor of laissez-faire. But the Austrian view of markets and market power tends to push one in the laissez-faire direction.
Income can be defined as how much one can consume without depleting capital. And it is a very important economic concept. Don't let economists tell you otherwise.
Austrian Economics OverviewOther Schools of ThoughtValue and Exchange
What makes a good a good is not the physical thing itself, but the value we find in it because it is serviceable toward some valued end.
When entrepreneurs create profit, we know they are using resources in a way that benefit others. When entrepreneurs causes losses, they are destroying wealth.