Alongside supply, subjective value is one of the biggest factors in determining prices. High prices indicate low supply but high demand. Low prices indicate high supply but low demand. Prices are not just arbitrary numbers slapped on commodities, but indicators about them when it comes to allocation of resources. This is why price controls are such a dangerous concept. They distort economic calculation, resulting in it becoming impossible to identify which items are more popular, have surpluses, or have shortages, resulting in confusion over whether to spend or save money. #Agorism #Agorist #AnCap #Libertarian #Libertarianism #Antistate #AustrianEconomics #AustrianSchool #CarlMenger #Menger #SubjectiveValue #MarginalUtility #TimePreference #SupplyAndDemand #ElasticityOfDemand #EconomiesOfScale #Individualism #Scarcity #FreeMarket #FreeTrade

After MTG's resignation, Massie's the only real one in Congress now.

Don't watch this before or while eating! #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Zap #Laughstr #Jokestr #Prankstr #Pranks #LOL #Comedy #Funny #TryNotToLaugh #Video #Videostr

Make it make sense. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

Use your own currency on your own terms. Use Monero. View quoted note →

Found this good chart explaining the differences between Keynesian and Austrian economics. I apologize if the quality is not good. #Agorism #AnCap #Libertarianism #Antistate #Informational #Educational #Keynes #KeynesianEconomics #AustrianEconomics #AustrianSchoolOfEconomics #InterestRates #BusinessCycle #Inflation #Spending #Saving #SpontaneousOrder #FreeMarket #Decentralized

Happy Saturday everyone! I'm looking forward to Thanksgiving next week, how about you? A Thanksgiving without mac and cheese is a disgrace in my opinion. #Agorism #Agorist #AnCap #Libertarian #Libertarianism #Antistate #AustrianEconomics #AustrianSchool #Misesian #Hoppean #Individualism #Video #Videostr