Time Preference

Time preference is an economic term for the degree to which we prefer present to future satisfaction (consumption). It relates to how much money we want to spend now, and relates that to how much we're willing to invest to consume at a future date.

Agorist Thesis #8

Agorist Thesis #8 - Force distorts market information.

Violent intervention in the market distorts market information - the signals that tell entrepreneurs what to produce and what not to produce.  For example, do you think that bombs and fighter jets would be as abundant if it weren't for taxation funding military spending?  Would people be using the same government schools, or would they opt to send their kids to better private alternatives?

The Real Cause of the Financial Crisis

The Austrian Economist Jesús Huerta de Soto explains the real cause of the financial crisis.