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306, 2016

Supply and demand

By |June 3rd, 2016|Categories: Blog, Films|0 Comments

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 cars at the time!” However, imagine [...]

904, 2016

Interest Rates and Time Preference

By |April 9th, 2016|Categories: Blog, Films|0 Comments

If people only had high time preference, we would probably still be in the Stone Age. Increases in production are only possible through saving and capital formation. Economic growth comes from people denying immediate [...]

1703, 2016

Monopoly in a free market

By |March 17th, 2016|Categories: Blog, Films|0 Comments

A great number of people think that free market is just a way for monopolies to prey on poor customers. The same people think that only government is able to protect us against that [...]

1703, 2016

Money vs. Barter

By |March 17th, 2016|Categories: Blog, Films|0 Comments

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 example. There was [...]