Law the Lawless

Greatest Living Economist for formally elaborating on the Rothbardian insights into the Misesian Cash Balance approach to money demand.

Cool things happening post-AERC! @PerBylund

@PhilippBagus Thank you for your theoretical contributions to the “Quality of Money” and your defense of deflation. This provides support for the Misesian Cash balance approach as expounded by @KrisMoustHansen in his paper qjae.mises.org/article/155501…. Long Live Liberty!

I am extremely honored to have been awarded the Mises Instittute´s Lawrence W. Fertig Prize together with David Howden for our article "Essentialist Views on Banking Contracts." It was fantastic to be back in Auburn.

@ImpossibleBob @timothyterrell Yes, humility is in order.

@oldhand_35 @timothyterrell Humility.

Jesús Huerta de Soto’s “theological digression: the dismantling of statism as a logical necessity inseparable from the work of God.” Mises Memorial Lecture, Austrian Economics Research Conference ‘26

@PerBylund @JHS_Oficial @mises And ooh, if you happen to see Hülsmann around the place, tell him this is so GOATED lol. Seriously, it is masterfully written. He just has a way around the essential “philosophical-technical” justification of capitalism and how it differs from socialism and I am all here for it.

@oldhand_35 @JHS_Oficial @mises It's on my list, but I haven't been able to get to it yet.

The Spanish Armada has taken Auburn

Escuchando a don @JHS_Oficial en el @mises en Alabama! @asoclibaustriac @redhispalib

@PerBylund @JHS_Oficial @mises Perfectly understandable. You people are at the conference having the time of your lives. I hope to attend next year for the first time. With that said, I am glad you people have these gatherings where milestones in the theory and politics are discussed by various specialists.

@PerBylund @JHS_Oficial @mises Teacher, I am not following his lecture but what I said to you in the paper might have something to do with what he’s teaching here on how to arrive at moral truth. I took inspiration from Mises’s experiences as well so I imagine he might go down the same path I did when I wrote.

Such an honor to have @JHS_Oficial visit the @Mises Institute and give the Ludwig von Mises Memorial Lecture at #AERC2025: "From Vienna to Madrid: A Libertarian Vision to Scientific and Moral Truth."

Long Live Liberty!

@PerBylund 4/It is one of those currently underrated contributions to theory that should be added to a corpus of Capitalism showing how a long term progressing economy can only survive through more promoter-entrepreneurship creating ever larger incomes through advanced division of labor.

3/real(voluntary) money prices in higher goods markets and lower order goods markets as to establish the realistic opportunities for prospective profit calculations. @PerBylund here justifies not only the Misesian case for economic calculation but gives property a real relevance.

1/Elaboration on the theory of the Misesian entrepreneur through splitting the role into alert and promoter-entrepreneurs serves to solidify the case for the soundness of Austrian economic theory. The entrepreneur is not merely reactive but proactive with value creation pursuit.

@PerBylund @mises @MisesBookstore Teacher, I think you should consider putting together some of the other influential papers you have written as well to form one book. But not now, more like a collection of essays later on. You have many insights once Austrian Production Theory that exist in dispersed journals.

The @MisesBookstore is really shaping up! 💪

knightian uncertainty abounds

@RealJimChanos What if he wants $AMZN to pay a premium for the startup once there is a visibility into pathways to meaningful earnings growth on the part of the new business?

Why wouldn’t he do this under the $AMZN umbrella, like he did with AWS?

Edwin Walter Kemmerer on the essence of inflation(currency depreciation). Under the threat of various forms of demonstrable violence, the state seeks a way to forever grab property through counterfeiting the most marketable good in the economy.

@ThorstenPolleit Do you have the capital discount factor in mind when you phrase it this way? I mean the anticipated future value from prospective economic calculation discount factor given present value?

The same amount has been added to the purchasing power of the U.S. dollar in terms of company stocks!