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The challenge from now on for OPEC and for oil producers is not to seek artificial price inflation, but to improve efficiency.
History is an easy subject to teach if you are intellectually lazy. It is the most challenging subject if you care about understanding causes and effects.
Wealth stems not from spending, but from production. Declines in production are be remedied by frugality, intelligence, activity, and freedom.
Money and BanksCapital and Interest TheoryMoney and Banking
Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.
Legal SystemTaxes and SpendingPolitical Theory
History of the Austrian School of Economics
Big GovernmentThe FedMoney and Banks