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For the mystery of lawlessness is already at work. And the name of the lawless one will be revealed. Not everyone who calls to me saying, ‘Lord, Lord,’ will enter the kingdom of heaven, but only the ones who do the will of my Father. Many will say, ‘Lord, did we not prophesy in your name? Did we not drive out demons in your name? Did we not do mighty deeds in your name?’ Then I will declare to them solemnly, ‘I never knew you. Depart from me, you servants of lawlessness.'
Matthew 7:21-23

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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