Austrian Economics Overview
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Murray on YouTube
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Bastiat on Government
The roots of America’s governance problems are continually discussed, particularly on July 4.
8. Welfare and the Welfare State
From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.
7. Education
From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.
10. Banking and the Business Cycle
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
9. Money and Prices
Barter – direct exchange- is inefficient because of the lack of a double coincidence of wants. Some third medium was sought to solve this. It is called money. Exchanges are not equal, they are win-win, with each party gaining more than he is giving or the exchange would not be made.
8. Competition and Monopoly
Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions.