We teach Austrian Economics in a fun way! How is wealth created? Saving and investing is the key to personal wealth as well as the economic growth. ? How prices are determined? What can we learn from knowing the price discovery process? ? The Great Recession was initiated by bursting of the housing bubble. But why there was a housing bubble in the first place? Opportunity cost is the road not taken. Every action has a cost! How do we determine the value of things? How to explain the “water and diamonds paradox”? The law of diminishing marginal utility gives us an answer! Learn Austrian Economics in a fun way! ?
What is a bank run and what can cause it?
When the conviction of a bank’s insolvency spreads among its customers, there is a bank run and a […]
Trickle-Down Theory – Economic Theory or Political Straw Man?
▪ Trickle-down theory
Trickle-down theory, or trickle-down economics, is a term for the idea that when more money is […]
Can there be not enough money? Can the amount of money be constant?
Can there be not enough money, to prevent it to… be money at all? Can the amount of money […]
🇨🇭 🇱🇺 2 Richest Countries in the World (per capita) | Switzerland & Luxembourg
Which counties have the highest GDP per capita in the world? What are the causes of this wealth?
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🧘 Nirvana Fallacy | Is “better” an enemy of the “good”?
What is the nirvana fallacy? What the nirvana fallacy has to do with economics? Is “better” an enemy of […]
🧟 Are we facing a zombie apocalypse? Zombie firms
What are Zombie Companies? Why would anyone finance them? Are the Zombie Firms harmful for the economy?
▪ The […]
⛓️ Middle Income Trap | Caught in a trap?
What is the middle income trap and what is it about? What is responsible for the phenomena referred to […]
💥 The Myth of “The Blessings of War”
We’re discussing the myth of the benefits of war, which goes something like this: “Doesn’t war, death and destruction […]
Who Is Under The Resource Curse? | 2 Causes of Curse
What is the resource curse? What are the causes of the resource curse? What are the consequences? What is […]
3 Poorest Counties in the World | Causes of Poverty
What are 3 poorest countries in the world? What causes poverty? What happens with the help for them?