Tim Price offers some important observations in this article: Credit expansion, wrote the great Austrian economist Ludwig von Mises, is not a nostrum to make people happy. “The boom it engenders must inevitably lead to a debacle and unhappiness.” That seems a pretty accurate summary of the current situation for the western economies: a debacle, and [...]
Tag archives for Ludwig von Mises
Common Sense Video — How Unsound Money Destroys Civilizations
The importance of money, sound money, is not well understood. Ludwig von Mises understood and he commented a century ago on its importance to liberty: It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties [...]
How Unsound Money Destroys Societies
The importance of money, sound money, is not well understood. Ludwig von Mises understood and he commented a century ago on its importance to liberty: It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties [...]
Common Sense Videos — Hayekian Economics and Influence
The return of the views of Friedrich Hayek (and his mentor, Ludwig von Mises) are becoming fashionable once again as a result of the continuing financial crisis. This video from the BBC discusses his economics in contrast with the Keynesian views that have created this crisis. The roots of the current crisis can be tracked [...]
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