Monetarist myth that 2-3% inflation is good for the economy? The Austrian view?

Hi Anemone!

Thanks for your book recommendations! I heard about Economics in One Lesson. However I asked about deflation, not inflation. I just found this article of adequate lenght about What You Should Know About Inflation: http://mises.org/daily/2914

However, it does not mention deflation. :frowning:

Do you think knowing too much about economics is the end all of all social sciences? Now I feel like I want to learn more about anthropology, geopolitics and philosophy.

You mention lot productive capital. What do you mean by this is, for example a Berkshire Hathaway / Warren Buffett investment? (Even if it gained less from 200-2012 than gold, which is not an investment per definition.)

Sure, it’s not an investment forum and you are not a certified investment advisor (who knows? - but there are this stupid rules regarding who can give advice, LOL) but what source can you recommend on investment advice? If you are anexpert on the topic(?). Thanks!

And how do you know your utopia turns out to be a capitalist one and not a socialist one? :smiley: Again, I refer mack to myslef I feel like wanting to know more about other social sciences now, not only economics.

Anenome, you are leraned man. What is your take on my other topic about

LETS, Local Exchange Trading Systems, local money, the Swiss WIR system, etc.

https://forum.freecapitalists.org/t/lets-local-exchange-trading-systems-local-money-the-swiss-wir-system-etc/24618 ?

I can’t believe many so smart people here and only 1 answer so far (which I don’t get, by the way). Sure, it’s not Austrian economics but it’s out there in the world and it works. And the Austrians have nothing to say about it?