How Saving Grows the Economy
Dan Sanchez examines Irwin Schiff's timeless comic book on how savings, innovation, and risk are the building blocks of productivity, progress, and wealth.
Dan Sanchez examines Irwin Schiff's timeless comic book on how savings, innovation, and risk are the building blocks of productivity, progress, and wealth.
Welcome, LLEWELLYN H. ROCKWELL, JR. — Mises Institute
“An Introduction to Economic Reasoning,” DR. PETER KLEIN — University of Missouri
10:50–11:00 a.m. Discussion and refreshments
F.A. Hayek Memorial Lecture:
“Two Constructions of Libertarianism“
Chandran Kukathas (Australian National University)
Peter G. Klein explains how Austrian Economics offers unique insights.
How can The Art of War help you think like an economist? Because resources are scarce we have to put the goods we do have to the best use. Sun Tzu understood that war is destruction and resources must be preserved. The only good war is one won without fighting.
Some responses to questions included: Trends in economics are dangerously negative. Keynesians are more unrealistic than ever. Mises says you only have two choices in coordinating resources: socialism or capitalism. Prohibition of drugs leads to violence and death.
What did the diamond and water paradox have to do with an important Austrian tenet that reversed economic thinking?
Beggar thy neighbor policies are now called Quantitative Easing. Just like regular protectionism this currency war approach will lead to real wars.