exchange Archives | The Free Market Center Journal

Review: Austrian School for Investors

Jim Berger
posted on February 25, 2020February 24, 2020
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I recently read Austrian School for Investors, because I have been a student of investing for many years, and I know a group that has read the book for discussion. Although I began the book with the

Posted in Economics, Socialism

The Source and Measure of Value

Jim Berger
posted on February 19, 2020February 18, 2020
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Before I continue with my assessments of socialism and capitalism, I must return to a subject that I will touch on many times on this blog: the source and measure of value. For an economic system to

Posted in Economic Reasoning, Economics

Wage & Price Discovery

Jim Berger
posted on February 7, 2019January 27, 2020
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Socialists show reluctance to accept deferred payment or agree to absorb any losses. Even before they face those issues, how can they establish what portion of revenues they actually deserve? They

Posted in Economic Reasoning, Economics

Socialism Would Pay Full Value

Jim Berger
posted on February 5, 2019January 27, 2020
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Socialists want full pay for their work. Would they delay that payment until completion of production? Would they agree to cover any losses after the sale of the product? I recently view a video in

Posted in Economics, Exchange

Disrupting the Money Cycle

Jim Berger
posted on January 17, 2019January 27, 2020
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Artificial changes in the money supply always disrupt the money cycle and cause price disruptions that lead to production problems in otherwise normally functioning markets. Introduction The

Posted in Economic Reasoning, Economics

The Dangers of Modern Monetary Theory

Jim Berger
posted on January 15, 2019January 27, 2020
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At the core of Modern Monetary Theory (MMT) lies the implicit premise that the acquisition of money represents an end of itself. MMT bases its argument on what some people refer to as a

Posted in Economics, Intervention

Healthcare Economics

Jim Berger
posted on November 8, 2018January 27, 2020
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Government involvement in “healthcare” provides startling example of an incredible waste of resources that no one seems to notice. It shows how a current benefit causes a long-term drag

Posted in Economics, Markets

Nations Cannot Win or Lose Trade Wars

Jim Berger
posted on November 1, 2018January 27, 2020
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Nation-states have no resources of their own. They redistribute the resources of their citizens. Nation-states can neither win nor lose when they play with other people’s resources. Tariffs and

Posted in Economic Reasoning, Economics

Relationship of Value to Price

Jim Berger
posted on October 4, 2018January 29, 2019
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Value and price have a very close and important relationship. Value exists entirely in the subjective realm, whereas price provides objective evidence of an economic transaction. The price results

Posted in Economic Reasoning, Economics

Conflicting Value Theories

Jim Berger
posted on September 11, 2018January 29, 2019
1 Comment

Since the beginning of economics as a specialized study, economist have realized that the concept of value lies at the core of economic theory. They have developed several value theories over the

Tag: exchange

Review: Austrian School for Investors

The Source and Measure of Value

Wage & Price Discovery

Socialism Would Pay Full Value

Disrupting the Money Cycle

The Dangers of Modern Monetary Theory

Healthcare Economics

Nations Cannot Win or Lose Trade Wars

Relationship of Value to Price

Conflicting Value Theories