Is the free market the best form of mechanism to achieve goals in economics?

Ideas matter, in particular a great idea such as liberty, in all its facets – economics, individual, political, philosophical and historical. However, there remain many challenges to liberty, ever-present under our governments. Therefore, today we must retell the lessons of the past Austrian economists and thinkers and look to writers to understand what is happening. … Continue reading Is the free market the best form of mechanism to achieve goals in economics?

OpenBazaar Commerce

OpenBazaar is a free online market with no restrictions. Using an open-source platform for developing a protocol for e-commerce transactions. Online commerce on OpenBazaar is a peer to peer medium, and uses the cryptocurrency Bitcoin as the choice of currency, which is also open-source software and uses the peer to peer system to facilitate transactions … Continue reading OpenBazaar Commerce

Interest Rates Are A Market Price Signal Not To Be Interfered With

An interfering government is the only barrier to any revival of a capitalist society. In a free market, market price signals communicate and reveal the subjective valuations of all market participants, including time preference toward present goods over future goods. Market price signals represent scarcity and important information, such as market interest rates, and are … Continue reading Interest Rates Are A Market Price Signal Not To Be Interfered With

Human Action

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