Lightning and 
BTC AcceptedThe Austrian Theory of the Business Cycle – Mises Institute
Speaker Jonathan Newman: Structure of production, time preference and interest, sustainable growth, unsustainable growth, overconsumption and malinvestment. .
Economics
Economics in One Lesson – Henry Hazlitt – Audiobook
In the preface to “Economics in One Lesson,” Henry Hazlitt explains that the book is a critical analysis of economic fallacies that are prevalent and have become a new orthodoxy. The book seeks to dissect and expose these errors, particularly the central error from which they stem. Hazlitt argues that the shortest and surest way to understand economics … Read more
Inflation Is A Choice: Kevin Warsh On Fixing The Federal Reserve – Uncommon Knowledge
Has the Fed lost its way? Kevin Warsh, Hoover visiting fellow and on the short list of candidates to be the next chairman of the Federal Reserve, thinks the Fed has and offers solutions on how to fix it. Drawing on his firsthand experience during the 2008 financial crisis and his continuing work as a … Read more
What Has Government Done to Our Money? – Audiobook
Murray Rothbard’s 4-part audio version of “What Has Government Done to Our Money?“ from the Mises Institute.
Price Fluctuations are Not Inflation
People confuse price fluctuations with inflation, and they are not the same thing. Could the price of certain goods fluctuate inside a market, yes. However, that is not inflation. Inflation is the devaluation of the currency, which causes prices to rise across the entire market. – Thomas Lawson
Murray Rothbard on Cause of Inflation
“The Austrian [school of economics] holds that persistent inflation is brought about by continuing and chronic increases in the supply of money engineered by the federal government. “Since the inception of the Federal Reserve system in 1913, the supply of money and bank credit in America has been totally in control of the federal government.” … Read more
Inflation IS Money Supply Growth, Not Prices Denominated in Money – Mises Institute
Defining Inflation According to Murray Rothbard and Ludwig von Mises, inflation is defined as the increase of the money supply out of “thin air.” Following this definition, one can ascertain that increases in money supply set economic impoverishment in motion by creating an exchange of nothing for something, the so-called counterfeit effect. Contrary to popular thinking, inflation … Read more
Inflation Is Like Wearing Fake Muscles
“We need inflation in the system to maintain economic growth” is like saying “Wearing a Batman costume with fake muscles makes us look muscular” Nominal vs Real Fake muscles, like inflation, makes you *look* like you have big muscles. But that’s *Nominal* growth, not *Real* growth. *Real* growth comes from lifting weights and eating properly. … Read more
How a Watered-down Pint of Beer is Like Inflation in The Economy
A pint of beer starts out as 16 ounces of 100% beer, just like an economy starts out on a 100% gold standard. Then your buddy, who only wants to help, gets the bright idea of helping you make your beer go further – by watering it down. So he adds 16 ounces of water … Read more
