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Old 09-28-19, 05:58 AM   #47
Skybird
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Location: the mental asylum named Germany
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This month its 70 years of "Human Action", one of the most profound economic and social-philosophic writings ever.

https://www.fff.org/explore-freedom/...ing-relevance/

The financial and economic glovla situation would be much bettert today if instead of FEDs and ECBs we would have a more spread understanding of this basic work.

Freedom needs responsibility. Responsibility must mean liability, accountability. But the "politicisation" of the FIAT currency aimed at and has acchieved the decoupling of decision-making and liability. Intellectual supermen and wonderwomen claim they can centrally plan better what people want and do and decide and desire and what their preferences are and will be like in the future, than people know it themselves. And here is were the deep-rooting and fundamental relevance of "Human Action" lies. It turns the view of the homo economicus from its mentally deranged head back on its feet.

Extremely recommended reading. And frighteningly actual. For me, this classic is the best buddy of Hayek's "The Road to Serfdom".
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