[VIDEO] Time Preference and Interest Rates
Two mechanisms coordinating production in time. To correctly understand business cycles and where economic crises come from, we need to understand these two concepts. Learn Austrian Economics in a fun way!
Two mechanisms coordinating production in time. To correctly understand business cycles and where economic crises come from, we need to understand these two concepts. Learn Austrian Economics in a fun way!
Take cover when you hear a political leader talking about economic affairs. You can bet a bad decision is incoming.
China’s last two decades of roller-coaster growth, surging domestic debt and malinvestment provide a good example that continuous tampering with the market is inefficient and has a snow-ball effect.
For Bitcoiners, this isn’t an investment. It is a peaceful protest against the system and a revolution that stands to change the world.
The “subsistence fund” — created by real savings — is the foundation of true economic growth.
Opportunity cost is the road not taken. Every action has a cost! Learn Austrian Economics in a fun way!