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#austrianeconomics

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prau

"Modern Monetary Theory (MMT) is a hip economic/financial paradigm apparently sweeping a world unsatisfied with mainstream economics. Over the past year, I have been hearing a growing number of people refer to MMT: either fans who think it blows up my Austrian views, or foes who think it deserves a full-scale critique." mises.org/mises-daily/upside-d #mmt #economics #austrianeconomics #monetarytheory #mmtfallacy

Mises InstituteThe Upside-Down World of MMT | Mises InstituteModern Monetary Theory (MMT) is a hip economic/financial paradigm apparently sweeping a world unsatisfied with mainstream economics.
prau

Mr. Richard J. Murphy may be a clever man, but that is not enough: knowledge of true economics is necessary. He does not possess such a theory. Therefore, his recommendations should be treated with great caution. Robert P. Murphy from the Mises Institute surely is better.
mises.org/profile/robert-p-mur
#education #austrianeconomics #economics #statism #capitalism

Mises InstituteRobert P. MurphyRobert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America’s Most Famous
prau

"I have recently completed a study guide to Ludwig von Mises’s classic work, The Theory of Money and Credit. (The PDF of the guide is available right now, and the physical book should be ready soon.)
In The Theory of Money and Credit, Mises integrated (what we now call) microeconomics and macroeconomics. He used subjective marginal utility theory to explain the purchasing power of money — a task that earlier pioneers in even Austrian economics hadn’t accomplished. Furthermore, Mises drew on insights from Böhm-Bawerk, Wicksell, and the English Currency School to develop his circulation-credit theory of the trade cycle."
mises.org/mises-daily/putting-
#mises #money #austrianeconomics #economics

Mises InstitutePutting the Country Back on Gold | Mises Institute"Second-best" policy recommendations can never find perfection (by definition). But if we are going to have the government providing a monopoly of domestic
prau

History is a #science that uses all other sciences in its studies. And the decisive role in studying the #history (of the working class) belongs to economics. The historian should not use the wrong #economics. Such a theory will lead him to wrong conclusions. He must use the right one. In our case we have two competing theories: any non-Austrian and Austrian. It is clear that they are differ from each other. So, the historian has to choose.
#austrianeconomics

Torparskytt 🏴‍☠️

”government debt competes with private investment, diverting resources from productive uses to politically determined projects. This leads to capital misallocation and economic inefficiency, harming long-term economic growth.”

An unusually obvious example is Northvolt, the ”green” battery manufacturer which ended up being the largest industrial bankruptcy in modern Swedish history with huge amounts of pension savers' money lost.

#economics #AustrianEconomics #Northvolt

libertarianinstitute.org/artic

misesboard
The Libertarian Institute · Mises and Rothbard Understood the National Debt | The Libertarian InstituteAs the U.S. Congress continues to ignore the need for real fiscal discipline, kicking the can down the road again with yet another continuing resolution (CR), it is worth revisiting what two of the greats of the Austrian School had to say regarding the question of the national debt. Drawing…
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RationalWiki

Austrian economics (or the Austrian school of economics) is #libertarian #philosophy masquerading as a school of economic thought. This school is notable for its lack of formal mathematical modeling and empirical testing. Among its more unusual traits, the Austrian school draws its conclusions based on deduction and thought experiments, rather than data. In place of the conventional tools of science, the Austrian School favors a narrative approach called "praxeology". Despite its shortcomings, some less nutty features of the Austrian School have leaked into mainstream economics while the more nutty have found a home at libertarian think tanks (Cato Institute and Ludwig von Mises Institute).

#RationalWiki #economics #AustrianEconomics #praxeology #catoinstitute #ludwigvonmises #capitalism
rationalwiki.org/wiki/Austrian

Talkless :debian: :kde:

#education #books #AustrianEconomics

Principles of Economics by #Saifedean Ammous, author of #Bitcoin Standard and #Fiat Standard, is now available for pre-order:

saifedean.com/books/principles

You can pay in Bitcoin, including via #LightningNetwork 👍 .

I've read his previous books, and they really changed how I understand #money and #economics overall.

It started my rabbit hole... together with Andreas M. Antonopoulos amazing, inspiring YouTube videos of course.

saifedean.comPrinciples of Economics
Cryptocurrency News Worldwide

Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor

news.bitcoin.com/tornado-in-th

#CanaryintheCoalMine #WorldEconomicForum #AustrianEconomics #PrivateLawSociety #CapitalControls #FinancialCrisis #TaxationisTheft #climatechange #cryptoanarchy #Peer-to-peer #Voluntaryism #BarackObama #CryptoMixer #KlausSchwab #Policestate #Tornadocash #FreeMarket #globalists #Government #GreatReset #israel

Bitcoin NewsTornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor – Op-Ed Bitcoin NewsIf you follow the news, you've seen the trend — limits on cash transactions, surveillance CBDCs, and the recent U.S. Tornado Cash ban.
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