Production Theory

In a totalitarian system, competition means courting the favor of those in power. In the market system, competition means sellers try to outdo one another by offering better or cheaper goods and services to the buyers.

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

AOC and Paul Krugman are wrong: we can't just pay people money to stay home and expect "stuff" to materialize around us. Dr. Shawn Ritenour shows how Man, Economy, and State explains why.

Presented at Mises University 2020.

In order to produce capital goods, and hence more consumer goods, we must first forego current consumption. That is, we must save now to have more later.

In this paper, Professor Hans-Hermann Hoppe offers an examination of the theory of public goods.

The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.

The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.