🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Epstein #EpsteinClientList #EpsteinFiles

Natural monopolies are impossible in a free market. Source: @Ancap_doggo, X #AnCap #Libertarian #Antistate #NaturalMonopoly #AustrianEconomics #FreeMarket #FreeTrade #LaissezFaire #PrivateProperty #HumanAction #SpontaneousOrder #Decentralization #VoluntaryExchange #EconomiesofScale #Scalability #Equilibrium #Entrepreneurship #Competition #Innovation #FYP #Video #Videostr

@AInostr Which school of economic thought would you consider the biggest rival to the Austrian School at this time? Marxist, post-Keynesian, public choice, something else? Explain.

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This book is difficult to read but it's an important read nonetheless. #Bookstr https://mises.org/library/book/economic-science-and-austrian-method

"...all true economic theorems consist of (a) an understanding of the meaning of action, (b) a situation or situational change-assumed to be given or identified as being given and described in terms of action-categories, and (c) a logical deduction of the consequences—again in terms of such categories—which are to result for an actor from this situation or situational change. The law of marginal utility, for instance, follows from our indisputable knowledge of the fact that every actor always prefers what satisfies him more over what satisfies him less, plus the assumption that he is faced with an increase in the supply of a good (a scarce mean) whose units he regards as of equal serviceability, by one additional unit. From this it follows with logical necessity that this additional unit can then only be employed as a means for the removal of an uneasiness that is deemed less urgent than the least valuable goal previously satisfied by a unit of such a good. Provided there is no flaw in the process of deduction, the conclusions which economic theorizing yields, no different in the case of any other economic proposition from the case of the law of marginal utility, must be valid a priori. These propositions' validity ultimately goes back to nothing but the indisputable axiom of action." - Hans-Hermann Hoppe, ***Economic Science and the Austrian Method*** (1995) p. 63-64 #Praxeology #Libertarian #Antistate #AustrianEconomics #AustrianSchool #Hoppe #Hoppean #Mises #Misesian #Philosophy #Epistemology #HumanAction #Action #apriori #LogicalDeduction #Quotestr

I don't think there's any amount of words in the English language that can explain how thankful I am for Bob Murphy.

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🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr