Involuntary unemployment in a free market economy is simply not possible.
“The Science has spoken..”.. We don’t know what F.A. Hayek would have said if he had lived during the COVID pandemic. But the crisis is an example of warnings he made many decades ago.
Fed’s Policy: Asset price inflation for the rich. Consumer price inflation for the poor.
Nobody is irrational when we look at the matter from the perspective of individual’s subjectively chosen ends and means i.e., human action.
I am an artist. I am learning to be an economist. You can too.
How much does combat against climate change cost? What is the cost of “doing nothing”? Learn Austrian Economics in a fun way!