Other Schools of Thought

Recorded at Mises University 2011. Includes an introduction by Mark Thornton. 

Why did I feel as if I were teaching junior-high-school students in university, and why did nobody in authority seem to care?

Should the central bank try to simulate the banking system and stabilize money velocity?

Can we please stop putting down paid work? Unpaid work lacks the feedback of market prices.

If the free market does in fact move toward full employment, the entire Keynesian "general theory" falls apart.

The high duties which the war caused to be imposed, at first regarded as temporary, were retained, increased, and systematized.

Here we see the huge gulf between Austrian and Keynesian analysis.

It is simply impossible for one immersed in the political game to think normally.

What is the opportunity cost of the government's spending? All those resources used for the shuttle program had to come from somewhere. It is impossible for a government to make the vital calculations of costs and benefits.