Jesse's Café Américain

"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"

Léon Bloy

Showing posts with label Austrian Economics. Show all posts
Showing posts with label Austrian Economics. Show all posts
11 July 2010

Austrian Economics: True Money Supply, Deflation and Inflation

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Here is the Austrian theory of money supply and its measures in a nutshell. "The True Money Supply (TMS) was formulated by Murray Rothb...
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