-
where neithe the sun warms nor the wind cools. It's one of thos days grey-in-grey my photo cells on the roof deliver energy just enough energy for one 40 W bulb. In best times I can get over 5000 W an hour which surely is enough for all our needs. Anyway not today. Now how provides my energy today...
-
Capitalism, Socialism, and Voluntarism by Alex Merced People blame all the worlds problems on it's systems of resource management, for in the end that is all that Capitalism and Socialism are, systems to managing scarce resources. Quality of life, happiness, joy; these are all things that are not...
-
Summarizing Jorg Guido Hulsmann's Lecture on Deflation by Alex Merced Listen to his Mises U Lecture on Deflation One of my favorite topics and debates is the Inflation/Deflation debate, of Hulsmann has written extensively about putting him in my top 5 misesians (Murphy, Block, Woods, Hulsmann, and...
Posted to
AlexMerced
by
Alex Merced
on
Sat, Aug 7 2010
Filed under:
Filed under: Prices, Deflation, Austrian Economics, Politics, Structure of Production, 1843, Power, 1870, 1920, 1839
-
http://libertyisnow.blogspot.com/2010/04/is-deflation-better.html Subscribe by Email Is Deflation Better? by Alex Merced I constantly speak about the dangers of inflation (increase in the money supply), and inflationary pressures of a growing government. Inflation destroys our purchasing power, causes...
Posted to
AlexMerced
by
Alex Merced
on
Wed, Apr 7 2010
Filed under:
Filed under: Money, Prices, Economics, Price levels, Money Supply, Arbritage, Investment, Taxation, Risk, Banking, Treasuries, Inflation
-
A Summary of what Makes a Free Market Work by Alex Merced 1) Voluntary Price Systems Resources are best allocated by a voluntary price system where prices are set by volutary exchanges by people in a free market. If the market is free from intervention prices will reflect the supply and demand of goods...
-
The importance that the adjustments of the price mechanism free of any external influences has in respect to a prospering economy is highlighted when we investigate the results of the “'natural' movement of prices” is disrupted by monetary policies. These may take the form of either...
-
The initial changes in the relative prices between producers' goods, and consumers' goods, resulting from a change in their relative demands, cause a movement of goods to other stages of production – a definite price relationship will only result once this transition is complete. Later...
-
At last we are ready to begin the main problem of this lecture, that is the problem of how a transition to a more capitalistic structure of production, or vice versa, is brought about, and what are the conditions that must be fulfilled for a new equilibrium to be brought about. The first of the two is...
-
It is now time to add the flow of money into Hayek's theoretical apparatus. While the Hayekian triangle is used to illustrate the movement of goods through the economy's structure of production, it is just as legitimately utilized as a schematic to elucidate the flow of money. When the goods...
-
Lecture 2: “The Conditions between the Production of Consumers' Goods, and the Production of Producers' Goods” In order to understand how prices influence the amount of goods produced, it is necessary to understand the causes behind variations in industrial output. Economic theory...
-
The first lecture of Prices and Production is primarily concerned with the critique of aggregates and contemporary economics, premodern theories of money and interest, the doctrine of forced savings, and the role of the interest rate in respect to keeping the demand for real capital within the limits...
-
Greed is a deadly sin, and it is an oft-propagated malapropos market malapropism. This will be a short post with one question. How can sellers be greedy when buyers determine prices?