Friday, October 10, 2008

Mises on causes of economic crises

A classic work by Ludwig von Mises — for anyone who wants to understand what is going on on the market and general principles of economics. Liberate yourself from liberal (no pun intended) propaganda of socialist and Keynesian economics.

There is nothing mysterious about what Mises writes; you won’t have to take a leap of faith, abandon your ethical principles, learn higher Math, commit treason to your government, or worship foreign gods. It is all just common sense.

See also this, on how prices are formed.

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