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Hey guys, So, I'm quite new to the Austrian school of economics. I've been a libertarian for quite some time, now, but my arguments have usually been based on the philosophy/moral side of things (primacy of the individual/taxation is theft, that sort of thing). My understanding of the Austrian...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...