When politicians run out of good arguments, their last refuge is often the claim that what they want is “necessary for national defense.” #AustrianEconomics https://t.co/O27mFpRWBy
Paul Samuelson, professor of economics at MIT after World War II and author of a best-selling economics textbook, was one of Keynes’s most ardent American disciples. Here is what he has to say about the latter’s General Theory #AustrianEconomics https://t.co/mFR6vXQJ8j
Since the economic crisis of 2008-2009, the Federal Reserve — America’s central bank — has expanded the money supply in the banking system by over $4 trillion #AustrianEconomics https://t.co/PBcbzR5LWe
In the slump of a cycle, businesses that were thriving come to experience difficulties or go under. These errors aren’t specific to any one firm. They occur in tandem with whole sectors of the economy. https://t.co/OT1mY8SvF3
In the fall semester of 1980 I discovered the word libertarian. One of my dorm mates knocked on my door and told me to come see what was on his television. https://t.co/e7W7EldvLl
According to popular view people accept money because of a government decree.1 A government decree it is argued makes a particular thing accepted as a general medium of exchange. But, does it make sense? https://t.co/P8lNNKL0Xf
Dismantling supply management would benefit lower-income households and remove a major trade irritant at a critical time for #NAFTA negotiations #Cdnpoli https://t.co/wp6MahI64L
When Rothbard’s America’s Great Depression first appeared in print in 1963, economics was completely dominated by the Keynesian Revolution. Rothbard, instead, employed the “Austrian” approach to money and the business cycle https://t.co/omGPkVVvie
The Encyclopaedia Britannica defines taxation as “that part of the revenues of a state which is obtained by the compulsory dues and charges upon its subjects.” https://t.co/TovS2EKjjQ