History of the Austrian School of Economics

According to Galiani, interest equalizes present and future money. It is a means to compensate for the palpitations of the heart that a creditor must endure until the money is returned.

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.

Progressives claim that capitalism is a form of "social Darwinism." Mises knew better.

The market economy is the social system of the division of labor under private ownership of the means of production. "To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position."

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.