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Some responses to common objections about the use of gold as money: 1. There simply is not enough gold for it to be used as money. This is just like saying “we cannot possibly measure the size of microbes because inches are too large”. An excellent counterpoint to this line of thinking is...
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The calculation argument is probably the most difficult to understand piece of Austrian theory in the whole corpus of austrianism. Indeed it is true that many Austrians themselves, at present and certainly in the past, have failed to understand it fully. The purpose of this article then, is to process...