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! ?
Fractional Reserve Banking vs. 100% Reserve Banking
What is the difference between fractional reserve banking and full reserve banking? How do they work? Do they […]
How is money created?
Money creation: described by many as the biggest scam in the history of mankind; for others it’s a […]
Opportunity Cost | The Road Not Taken
Imagine the following situations:
1) A young man enrolls in a tuition-free public university. From his point […]
The Methodology of the Austrian School
When we refer to the Austrian School of Economics, we do not mean an institution located in […]
A Petition – Frédéric Bastiat | Candlestick makers’ Petition
A Petition – Frédéric Bastiat. Animation of famous candlestick makers’ petition by Frédéric Bastiat. It’s a great lesson about […]
Price Discovery | How prices are determined?
In our previous videos entitled “The Value of Things” and “Scarce Resources” we have discussed […]
? Scarcity & Choice | Why Can’t We Have Everything We Want?
We live in a world of scarcity. This fact is beyond question. Our time, land, and work are […]
