Tag Archives: Currencies

Why Austrian Economics Matters-Legalize all Kinds of Currencies in the Free Market (Video)

Economists should know through common sense that new money only waters down the old money and does nothing to help the economy–similar to barbers bleeding patients to death to cure them—like medicine in the 1700s.–Anonymous

Why Austrian economics matters

This 22-minute video on inflation is probably the best video I have seen on legalizing all kinds of currencies in the free market. There are free market alternatives to gold and silver. The abolition of legal-tender laws makes sense.