MoneRogue | Justice for Hayden Panettiere's avatar
MoneRogue | Justice for Hayden Panettiere
MoneRogue@coinos.io
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Teaching the world about Austrian economics, one meme at a time. bitcoin:bc1qlefc5lwqdtu9d6xend9yxcd3qcs0umcnn0e5wp monero: 8ADYj4tVrrGN7GH5z2rcQKXhbix9xco74jZxzpfFfckKYNykU38aVYtAWYsBsFZjzhR6bxn6CCkcgBNRhXVZaRPf6SkeGhH zano:ZxBnVaKESwG2eYiaDSKvS88UjvbuRpR4cEkXNsSptiS79SX43WGiBmm4tBKeSca66K95S1EwiNrvt7wNVTCZhJ9H1geeLtp2e
It's sad how we lost Hayden Panettiere but P. Diddy is still living. I feel more vindicated about us living in the one of the worst timelines each day. image #Agorism #Libertarian #Antistate
Interest rates don't just signal the amount of savings in the economy. They act as signals for coordination of plans from the present to the future, and vice versa, through demonstrating people's preferences for how much they want to postpone consumption (supply of loanable funds) with demand to invest in longer processes (demand for funds).
Production is of an intertemporal manner, meaning it is spread out across multiple stages in the past, present, and future. Any explanation of production that does not incorporate the element of time is bound to be deeply flawed.
There's an iron law by now that if you're a child actor or actress at any point in your life, you will be cursed to be harmed by the entertainment industry in one way or another.
"Economic science, in short, establishes existential laws, of the type: if A, then B. Mises demonstrates that this science asserts that laissez-faire policy leads to peace and higher standards of living for all, while statism leads to conflict and lower living standards. Then, Mises as a citizen chooses *laissez-faire* liberalism because he is interested in achieving these ends." - Murray Rothbard, "'In Defense of Extreme Apriorism'" (1957), ***Economic Controversies*** (2011) p. 111 https://cdn.mises.org/Economic%20Controversies_2.pdf#page=128 #AustrianEconomics #Rothbard #Praxeology #HumanAction #Apriori #LaissezFaire #Liberalism #Quotestr
When you think about it, the stages of production themselves are inherently anarchist in nature by not relying on a single person or group to plan the processes ahead of time.