Austrian Economics - Inflation vs. Deflation

Ғылым және технология

Why we need a better economic theory, now more than ever
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Pixabay pixabay.com/videos
Illustrations:
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Closing Down Supermarket Shenzhen China www.flickr.com/photos/dcmaste...
The Stereoscopy Shop, circa 1870s www.flickr.com/photos/7726011...
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Music:
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TrackTribe - Dub Gun
SAI spaceandai.com
January 2022

Пікірлер: 4

  • @dannyboywhaa3146
    @dannyboywhaa3146 Жыл бұрын

    I don’t think original Austrian economics advocates a gold standard - there is to be no standard (other than that of human conscience). That’s the point, isn’t it? Hayek and Von Mises aren’t exactly the same as Menger and Bohm Bawerk, I believe?

  • @JimLockwoodShow
    @JimLockwoodShow2 жыл бұрын

    But that doesn’t make any sense about bitcoin. It is the ultimate Fiat currency. What backs it? Not gold. People‘s belief in it. You can’t even back it bye government guarantee or universal acceptance in the market

  • @hanshazlitt4535
    @hanshazlitt45352 жыл бұрын

    Austrian economics is the only real economics.

  • @JimLockwoodShow
    @JimLockwoodShow2 жыл бұрын

    At least when my dollar is a Fiat currency, I can go anywhere and exchange it for goods and services. And just because bitcoin is rare did not mean it has any value. Jim coins are rare. I have five of them. That’s all that will ever be created. Want to buy one? Rarity doesn’t automatically equate to value. If it did, Jim coins would be worth a lot.

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