'..There is therefore likely a groundswell of popular support for sound money that could be seized by courageous politicians if and when the opportunity presents itself. That such an opportunity will eventually arise, of that there can be little doubt – the current dollar-based regime of free-floating fiat currencies is careening toward its final crisis, only the timing is uncertain.'<blockquote>'The conclusion can only be that regardless of where people live, they prefer a strong currency over a weak one, no matter what the Krugmans of the world have to say on the topic. Clearly consumers want their money to have as much purchasing power as possible and are not taken in by the inflationist creed that rules macro-economic thinking these days.
This of course also implies that people all over the world would probably prefer a free market based money to a state-issued fiat money, as such a money could be expected to be the hardest of all currencies. There is therefore likely a groundswell of popular support for sound money that could be seized by courageous politicians if and when the opportunity presents itself. That such an opportunity will eventually arise, of that there can be little doubt – the current dollar-based regime of free-floating fiat currencies is careening toward its final crisis, only the timing is uncertain.'
- Acting Man,
'..People Actually Want Sound Money.' March 11, 2013</blockquote>
'Most notably, Mises revised the general theory of subjective value and developed a new typology of monetary objects in line with the subjectivist approach.'<blockquote>'In
Theorie des Geldes und der Umlaufsmittel, Mises extended and developed Carl Menger’s (1871, 1892) general approach to economic analysis and the theory of money in particular. Menger had shown that the market prices of economic goods were caused by the subjective marginal value of these goods. However, he had neglected the special case of monetary prices, and well-known critics such as Carl Helfferich and Knut Wicksell had argued that it was impossible indeed to apply the new subjective-value theory to the monetary economy. Mises stepped in to fill this gap with the publication of his Habilitation thesis.
Following in Menger’s footsteps, he set out to explain the causes and consequences of money prices. But he did not simply apply the Mengerian concepts to a special case that hitherto had been neglected. In the first part of the book, he completely revised Menger’s framework itself to lay the foundations for a new theory of money. Most notably, Mises revised the general theory of subjective value and developed a new typology of monetary objects in line with the subjectivist approach. He also stressed the methodological importance of that approach. All economic phenomena had to be traced back to individual decision-making, lest the analysis be vitiated and lead to wrong conclusions. Let us highlight these contributions in some more detail.'
- Jörg Guido Hülsmann,
'The Logical Structure of His Treatise', March 12, 2013</blockquote>
Context<blockquote>
'..ethics in particular .. absolute principle of ethics..' - '..deze fundamentele ethiek..'The People Who Save And Invest For Their Future Are The Ones That You Build An Economy, March 11, 2013
A Peculiar Time In World History, March 11, 2013
Investing: Find Your Own Way, March 8, 2013
((Hapto)praxeology) - '..human personality .. cannot be satisfactorily explained by genetics, environmental influences, or a combination of these.' - Dr. Ian Stevenson</blockquote>