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A Concise Explanation of the Structure of Production

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chloe732 Posted: Thu, Dec 17 2009 11:05 AM

If you are new to this forum, and would like a concise explanation of Austrian economic thinking, read this article published today on the Mises Daily by J. Grayson Lilburne.  It explains the structure of production in easy to understand terms, and explains the disastrous effect of central bank intervention. The essence of Mises and Austrian thought is clear, concise, logical, and intuitive. Contrast this with Keynesian thought; a cluttered cobweb of mathematical formulas and fallacies.

http://mises.org/daily/3917

"The market is a process." - Ludwig von Mises, as related by Israel Kirzner.   "Capital formation is a beautiful thing" - Chloe732.

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