The Great Deformation

The Great Deformation The Corruption of Capitalism in America, David A. Stockman cover

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The Yield from Money Held by W. H. HUTT

MY AIM in this essay is to attempt to carry the tenor of Mises’ teaching a step further in the field of monetary theory. A feature of his great contribution, Human Action, is its insistence that all goods and services have the same scarcity significance, i.e., that they all stand in an identical relation to human choice and exchange. Continue reading