by Gabriel Braga | Jan 7, 2023 | Economics
What is money? People are in constant search to satisfy their needs. However, it is very difficult nowadays for us to be able to satisfy our needs alone. It is impossible for a single person to produce everything he needs to have a minimally modern life: it is not...
by Daniel Gomes Luis | Jan 4, 2023 | Economics
‘Inflation’ is still transitory I was wrong about both the persistence and magnitude of the price increases of goods and services. What did escape my reasoning, you ask? In short, I never thought banks and other credit institutions would be so stupid and reckless....
by Gabriel Braga | Dec 17, 2022 | Economics
Time Preference In the 19th century the Austrian Economist, Bohm Bawerk, introduced what we now know as time preference. In Bawerk’s words: “Present goods are always of more value than future goods of the same kind and quantity.” Français Español Português...
by Jorge Gonzalez Moore | Dec 2, 2022 | Economics
The Austrian Theory of Constraints “It would be so nice if something made sense for a change.” – Alice Lewis Carroll, Alice’s Adventures In Wonderland Introduction In the case of economics, and with the strong and outstanding exception of the Spanish [2] School of...
by André Marques | Sep 30, 2022 | Economics
The ECB is raising rates, but it is also committed to buying more government bonds Like the Fed, the ECB is just pretending to fight the high CPI. The fact that the ECB’s balance sheet has stopped increasing and that eurozone’s M2 is increasing at a slower...
by Gabriel Braga | Sep 25, 2022 | Economics
The real meaning of inflation A distinctive feature of the economists of the so-called “Austrian School of Economics” is that they advocate a theory of money considerably different from that of their colleagues in other schools of economic thought. The differences...
