The RBA cut rates from already low 1.75% to 1.5% -BUBBLE ALERT- we will be going negative next. See my related articles Deflation Down Under, RBA Kangaroos Kick For Lower Rates!, Interest Rates Are A Market Price Signal Not To Be Interfered With, Central Banks Interest For Resolving Unemployment, and Money Pumping – What Malinvestments? … Continue reading RBA Rate Cut 1.5%, How Long Until Negative?
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Human Action, by Ludwig von Mises is one of the greatest Austrian economic books written. It is widely considered to be Mises magnum opus, and published in 1949. The book first introduces economics as the study of human action, based on praxeology and rationality of actions. The laissez-faire capitalism that is referred to in this book, is … Continue reading Human Action