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I understand the need for sound money. That hit me as clear as a punch on the nose, so there’s no need to go into that at all. What I want to do is understand why carefully targeted ‘stimulus spending’ is necessarily bad, both under a gold standard and under fiat money. I’m going...
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I have read some works by Milton Friedman, Ludwig Von Mises, Adam Smith, and Ayn Rand; and they all seem to be correct! What are the primary philosophical differences between these individuals, especially Milton Friedman and Ludwig Von Mises. Furthermore, what distinguishes that Austrian School from...