The “Keynesian revolution” took place long before Keynes approved of it and fabricated a pseudo-scientific justification for it. What he really did was to write an apology for the prevailing policies of governments.
The Government’s “remedy” kills the patient, although the patient’s own regenerative powers are good enough.
A classic passage from Jorg Hulsmann’s ‘The Ethics of Money Production’
A widespread fallacy in modern economics is the belief that economic growth requires an increase of the money supply.
Understanding these stages will alone make you more intelligent than 99% of politicians and economics professors
What are the effects of price controls? What happens when government impose maximum price or minimum price? Learn Austrian Economics in a fun way !