95: Austrian Economics Part 3

In episode 92 we discussed the rise of the new theory of greedflation and the need for a new economic theory. In the next episode, we examined human action, value scales, and how they applied to free exchange in the economy. In this final part of the trilogy, we discuss production and capital within the context of time preference and how these principles apply when looking at the economy today. 

 

Music: Beauty Flow by Kevin Macleod
Photo: carlos aranda on Unsplash