Even if we were to agree with the MMT advocates that MMT allows the economy to easily shift from privately-produced to government-produced goods and services, we still ask why people should be forced to purchase inferior goods.
US sanctions against Venezuela are barbaric and immoral. But, they are not responsible for the economic collapse that has transpired in Venezuela over the past twenty years.
Austrian economists understand how we can apply economic laws and concepts to what we see in the real world.
The minimum wage is harmful, racist, sexist, and completely unnecessary.
Thanks to state propagandists in our education systems, people have been told that free markets create poverty while state control of economic exchange produces abundant wealth and effectively distributes it. The truth is that free markets reduce poverty and liberate humanity.
Austrian business cycle theory is the defining feature of Austrian economics.
