This excellent article is published by the Irish Liberty Forum (ILF).
Its author is an entrpreneur who is dedicated to promoting the Austrian School of economics based on F A Hayek, which makes me somewhat sigh. For they ‘forget’ about the role of the state and think they can leave everything to’the market’…
Still, they do know about the difference between Cash and Credit and the devastating effect of the public debt…
Filed under: Banks, Central Banks, Credit creation, Money as Debt Tagged: | Austrian School, Friedrich Hayek, Schools of Thought, Social sciences
