I want to get it too actually, the new cover looks fantastic. The problem is I’ve already got well over 20 books on my shelf I’ve not yet read.
Funnily enough, I’ve read the book in its entirety once and many of the chapters again but I’ve always skipped the last chapter on this topic, otherwise I would have elaborated.
Me too, although not all of them are top level stuff.
In the two orders I made from the Mises Store, I bought really random stuff - and afterwards I just wondered why.
My next order is well planned though - although I may have to wait until my birthday…
OK, here’s a question I will answer whether you ask it or not: how many annoying new posts does one need to post before they get banned? Well, you’re coming pretty close to that. So either limit it, or I am banning you for a few days. You have questions, fine. Just keep them limited or consolidate them into a few single topics.
I’ll have to pull that one off the shelf, errrr, out of the basement where it’s been since I moved about a year ago. I was about 1/3 of the way through that book before it got boxed up and I started using power tools on the new house…
This is simply nonsense. How the hell would then I get my hands on my consumption goods?
You’re kidding, right? How do you think man was able to consume prior to money?
In the short- to medium-run, you’d probably have to give up something in exchange for whatever it is that you like to consume. Maybe you’d give up your labor in-kind, or maybe you’d give up something that you had previously bought (in a roundabout way, with your labor), etc. Over the long-run, I would expect some new medium of exchange to rise, in which you’d likely be paid wages, and with which you could buy whatever you could afford.
Yes but there is a risk of inflation. If the Fed resets its notes at a price much higher than the current market price of gold because it cannot cover every note with its actual gold reserves, then there exists an incentive to convert gold into dollar notes (by depositing gold at a bank or at the Fed) and thus inflate the money supply. This will not create a cycle because it is the mining industry that will be stimulated instead of the financial businesses, but it will create a rise in the price level.
The alternative is for the Fed to refuse all new gold deposits, but that would mean a fixed, zero-growth money supply.