Austrian economists do have a realistic way of looking at human action. A policy of getting further into debt when you are already deeply in debt just doesn't make sense to them.
Why Austrian Economics Matters
A one-day seminar just for high school students at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.
Download the complete audio of this event (ZIP) here.
A free market is just people making voluntary exchanges. Woods makes an example out of the creation of a ham sandwich. Welfare and warfare undermine the natural economic harmony of large scale social cooperation - the free market.
Tech advances only happen under freedom, they do not just happen. Collectives do not make technology, only individuals do. Eliminating taxes would encourage investments. Tearing down all interventions and regulations would free enterprise.
When government assigns positive rights to others, some of us will be forced to pay for it. No right to healthcare is a legitimate right.
Sound money even sounds heavier than unsound money. Gold and silver originated on the market and reigned as the preferred money because the metals were easily portable, homogeneous, highly divisible, highly durable, and naturally scarce. Paper has none of those attributes.
