-
Dear Mises Forums members, Below is my take on the Austrian Business Cycle Theory. I hope you find it useful. Stages 1. Money Supply Increase causes a general 2. Credit Supply Increase , which causes a general 3. Interest Rate Decrease , which causes...
-
Beef Is Beef ... HAHAHAHHA. This website is a picture-book lesson in the interaction between government and private industry to create corporatocracy and ram unsafe products, unfit for human consumption, down consumers' throats whether they like it...
-
The lack of alternative uses of fiat money is a disadvantage. The alternate uses of a currency tend to help regulate the value of commodity money. For example,gold is commonly used in jewerly and dentistry. As the price of gold (The buying power of gold...
-
Dave hit the biggest part on the head... Put more simply, it's not that consumers don't have money to buy all these "extra products" because they have no savings...think deeper than that. Savings represent extra resources..resources...