of the current crises but return to sound economic action. As long as we do not take "Human action" serious we'll be fubar. We'll also be fubar while keeping fiat-paper as money. The history of fiat-paper is devastation. And there is no other word which just gets near this meaning....
The action-axiom is the basis of all praxeology, and it is the basic proposition that all specimens of the species homo sapiens, the homo agens, purposefully utilize means over a period of time in order to achieved desired ends. In Human Action , Mises defined “action” in the sense of the...