of the current crises but return to sound economic action.
As long as we do not take “Human action” serious we’ll be fubar. We’ll also be fubar while keeping fiat-paper as money.
The history of fiat-paper is devastation. And there is no other word which just gets near this meaning. No inflation ob paper sums will ever get
more things produce. Yes there will be booms and thereafter there will be busts. Inevitable.
The big problem with all current schools is that they do not take humans and their preferences as base. They alway think of some kind of normed human, and
despite diversity. This can never do. Nobody can know what’s on the mind of someone else. Parents never will understand their children completely and will alway be surprised
about some of the “ideas” of their children. Well the other way round Children always will think about the grown-ups to be some kind of odd.
We can make “assumptions” about behavior and we can ask. But we can not know if it´s just said or meant. This is one thing we can not know. The other thing is we
can not know the future. But what we can know is that there are rules men as to obey. Men never can fulfill needs for himself at once. It always takes time and time
definitely is limited. We got our 80 or so years to live and in that time we just can do one thing, acting. If we don’t act we’ll die. It’s as simple as that.
And we know also we need things for our survival. We need water, food, and shelter. Hardly many live in areas where shelter is not needed. And even id you do not need shelter you need water and food.
And you have to act to get this things. Von Mises has phrased and explained that in “human action”. It is one of the most important books about men ever written. It does not even is so important that our predecessors were apes. Knowing that does not help us to survive.
We know we simply need some things to survive. We have things Mises has written down. We can think, we can imagine. We know we’ll die if we do not get food. In the current time we still know how to get our food. Well visit the super market or farmer or visit some market. And we know also, we better have something we can trade, otherwise it will be “hard” to get something. And so we “know” having money is “good to have”. And so we offer something we can produce ourselves in exchange to money. And we can use this money helping to fulfill our needs. After the needs comes the wishes.
All this wishes have one thing in common again. To get them fulfilled we need time and there we again have the limits within we have live our life. And again von Mises has written it down in this most important book.
What we also know We can cheat, but not in the long run. And one means of cheating is fiat-paper. So in the long run fiat-paper won’t do it. And so if we want to get out of the crises we must return to sound money and the ever holding law that we just can consume what we were willing and/or able to produce. So there’s the way out. The longer we do not take them the more problematic the way will get…