In a sane market, where market fundamentals actually determined prices, this would not have happened. Short-selling would simply be a way of quickly and efficiently determining the market price of stocks and there would be no special profit to be had from this practice, beyond the arbitrage gain (in case the short-seller were correct). Similarly, investors angry at the short-sellers could not have driven stock prices sky-high in defiance of reality. Both

Human action is necessarily always rational. The term 'rational action' is therefore pleonastic and must be rejected as such. When applied to the ultimate ends of action, the terms rational and irrational are inappropriate and meaningless. The ultimate end of action is always the satisfaction of some desires of the acting man.

Dr hab. Mateusz Machaj odpowie na Wasze pytania dotyczące Carla Mengera, Eugena von Böhm-Bawerka i Josepha Schumpetera.

What is a proper approach to such residual? There are two approaches: an ideological one and a scientific one. A scientific one is plain and simple: my model is limited. It cannot explain the existing statistical wage gap with reference to some objective and easily measurable data.

The ideological approach is the more commonly used: I cannot explain the gap

Wiele osób twierdzi, że szkoła austriacka zachęca rządy do „nic nierobienia” w obliczu recesji. Kiedy ludzie wrzeszcząc domagają się „zrobienia czegoś”, austriacy mówią „nie”. Jednak to jest bezpodstawny zarzut. Zarysowano powyżej kilka działań, które mogą być podjęte w celu ograniczenia rozmiaru i zasięgu recesji.

Nie wiem, kiedy osiągniemy górny punkt zwrotny, a gospodarka zacznie przechodzić w fazę recesji. Na podstawie tej analizy mogę stwierdzić, że zbliżamy się