We teach Austrian Economics in a fun way!

Inflation and deflation

We often hear in the mainstream media that inflation is desirable, that it’s positive for the economy. Central banks are not happy when inflation doesn’t reach the desired [...]

How is wealth created?

Imagine a world in which suddenly all the tools disappear. All buildings, cars and machinery or even basic tools such as knives, hammers and shovels vanish. What would the economy [...]

Supply and demand

I am going to ask you a weird question: What was the demand for cars in year 1120? Someone could answer without any hesitation: “None, there was no [...]

Money vs. Barter

In a very simple economy, with very few goods, people can barter. But when the economy grows, barter trade becomes ineffective. Let me explain this with the simple [...]

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