The theories espoused by the Austrian School of Economics are complex. Fritz Machalup, however, has made a list of the primary characteristics of the Austrian School. The following excerpt from “The Austrian School of Economics.”[1] provides a good description of the distinguishing characteristics of the Austrian School. I have made a few editorial changes, but … Continue reading Introducing Characteristics of the Austrian School
Month: February 2025
Introduction to Money & Banking Series
Synopsis Some people have said that fish do not know that they are in water. I don’t know the truth of that statement. I have never had extensive conversations with any fish. Most people do know that they live in “air.” Beyond that knowledge, they know little about something without which they cannot live. In … Continue reading Introduction to Money & Banking Series
Let’s Discuss Tariffs
Synopsis The word "tariff" means "tax." Consumers end up paying all taxes. If politicians believe some consumers should pay more for the benefit of others, they should say so. To say other countries pay tariffs amounts to massive subterfuge. Tariffs = Taxation People shoud not confuse themselves about the nature of tariffs. They represent a … Continue reading Let’s Discuss Tariffs
Return to “The Journal”
Making “Money” interesting. After a long absence, I return to publishing “The Free Market Center Journal.” Synopsis I apologize to my faithful subscribers for waiting patiently during a Thanksgiving break that I extended for nearly three months. I will keep this publication short. I will, for the foreseeable future, focus “Language and Logic” and “The … Continue reading Return to “The Journal”