The Austrian - 2023 V-09 I-05

The free market is not a partnership of government and business, in which “crony capitalists” and government officials conspire to mulct the public.

The Economics of Prosperity marvelously shows how the main concepts of Austrian economics are connected, and readers of the book will get a good sense of the power of Austrian causal-realist analysis.

Regulations imposed on production or consumption place the economy on a lower value-creative trajectory and therefore a lower standard of living.

The right way to tackle the problem of inequality is to end inflationary monetary policies. A fortune made through production is a fortune made by serving others. But a fortune made from inflation is a fortune made at the expense of others.

Monetary policy is never neutral. It benefits some while impoverishing others.