Using Goods vs. Exchanging Them: Menger Explains the Difference
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.
Creating a functioning and sustainable local economy is much more time consuming and complicated than sprucing up a few buildings to look good on a TV show.
The anchor of all valuation is the usefulness of a good for the well-being of an individual human being.
We should be extremely concerned about the short and diminishing impact of monster stimulus plans.
If people are to demand things in the market, people must first produce things. This production allows for savings, and ultimately, for economic growth.
It wasn’t "fascism" or "Russia" that normalized lockdowns, mandates, and massive whirlwind profits to politically connected cronies in the West—it was the alleged defenders of "liberal democracy."
If every new virus or variation warrants shutdowns or new vaccines, we will face an unending dystopian hellscape of state intervention in our medical decisions.
How can anyone get away with controlling a state? Why would others put up with such an institution?
Republicans put a free market happy face on the latest environmentalist policy prescriptions in DC, but that does not change the fact that centrally planned climate policy is terrible economics.
Western intellectuals are trying to tear down symbols of traditional colonialism. Yet the West still continues a form a colonialism in Africa: eco-imperialism.