"...the reason why the social and economic future cannot be regarded as entirely and absolutely uncertain should not be too hard to understand: The impossibility of causal predictions in the field ofaction was proven by means of an a priori argument. And this argument incorporated a priori true knowledge about actions as such: that they cannot be conceived of as governed by time-invariantly operating causes. Thus, while economic forecasting will indeed always be a systematically unteachable art, it is at the same time true that all economic forecasts must be thought of as being constrained by the existence of a priori knowledge about actions as such." - Hans-Hermann Hoppe, ***Economic Science and the Austrian Method*** (1995) p. 44 #Praxeology #Libertarian #Antistate #AustrianEconomics #AustrianSchool #Hoppe #Hoppean #Mises #Misesian #Philosophy #Epistemology #HumanAction #LogicalDeduction #apriori #Quotestr

I don't think there's any amount of words in the English language that can explain how thankful I am for Bob Murphy.

"But, say the critics, this is tantamount to merely pushing back the problem. For now one must still explain the determination of yesterday’s purchasing power. If one explains this in the same way by referring to the purchasing power of the day before yesterday and so on, one slips into a *regressus in infinitum*. This reasoning, they assert, is certainly not a complete and logically satisfactory solution of the problem involved. What these critics fail to see is that the regression does not go back endlessly. It reaches a point at which the explanation is completed and no further question remains unanswered. If we trace the purchasing power of money back step by step, we finally arrive at the point at which the service of the good concerned as a medium of exchange begins. At this point yesterday’s exchange value is exclusively determined by the nonmonetary—industrial—demand which is displayed only by those who want to use this good for other employments than that of a medium of exchange.” - Ludwig von Mises, ***Human Action*** (1998) p. 406. Ludwig von Mises Institute. #Agorism #Agorist #AnCap #AustrianEconomics #AustrianSchool #Economics #SubjectiveValue #Value #Money #SoundMoney #Scarcity #Utility #Fungibility #RegressionTheorem #SupplyAndDemand #MarginalUtility #MediumofExchange #MoE #StoreofValue #SoV #Mises #Quotestr

"Stepping back, notice that Mises’s preferred approach to money is radically different from the equation of exchange approach. He uses the same tools of micro analysis based on subjective individual preferences that economists used for all other goods and services in the wake of the 1870s revolution. This is the sense in which the demand-to-hold-money approach unified micro and macroeconomics and completed the marginal revolution." - Robert P. Murphy, ***Choice, Cooperation, Enterprise, and Human Action*** (2015) p. 179 #Agorism #Agorist #AnCap #AustrianEconomics #AustrianSchool #SubjectiveValue #Value #Money #SoundMoney #RegressionTheorem #SupplyAndDemand #MarginalUtility #MediumofExchange #MoE #Quotestr

POV: You're a person from a socialist country visiting the U.S for the first time. Source: @josievlogsthings, TT #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Footstr #Foodstr #Drinkstr #Australia #Austrich #Video #Videostr

This gaydar is diabolical! #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laugh #Laughstr #Jokestr #Prank #Prankstr #LOL #Comedy #Funny #Video #Videostr

Bro gave the drive thru a stroke. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

"The consumers determine ultimately not only the prices of the consumers’ goods, but no less the prices of all factors of production. They determine the income of every member of the market economy. The consumers, not the entrepreneurs, pay ultimately the wages earned by every worker, the glamorous movie star as well as the charwoman. With every penny spent the consumers determine the direction of all production processes and the minutest details of the organization of all business activities. This state of affairs has been described by calling the market a democracy in which every penny gives a right to cast a ballot. It would be more correct to say that a democratic constitution is a scheme to assign to the citizens in the conduct of government the same supremacy the market economy gives them in their capacity as consumers." - Ludwig von Mises, ***Human Action*** (1998) p. 271. Ludwig von Mises Institute. #Agorism #Agorist #AnCap #Libertarian #Antistate #AustrianEconomics #FreeMarket #Market #FreeTrade #Trade #Entrepreneurship #Consumers #ConsumerSovereignty #HumanAction #LudwigvonMises #Mises #Quotestr

🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

"So to speak" #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

Me #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

Privatize the police! #AnCap #Libertarian #Antistate #Voluntaryism #Voluntaryist #Hoppe #Hoppean #DefundThePolice #AbolishThePolice #PrivatizeThePolice #CovenantCommunities #PrivateLawSociety #PhysicalRemoval #SelfPolicing #CommunityPolicing

The markets are eternal! #Agorism #Agorist #AnCap #AnarchoCapitalism #FreeMarket #OpenMarket #GrayMarket #BlackMarket #FreeTrade #Menger #Mises #Hayek #Rothbard #Bitcoin #Monero

"The price paid for this end was the collection of twigs that he could have had, but now doesn’t, because he decided to use his time to obtain the branch. The cost of his decision is not something tangible; it is instead the subjective or psychic value that Crusoe would have attributed to the collection of twigs, had he obtained them. Notice that cost exists even for Crusoe, alone on his island without any semblance of money, and further notice that the cost of his action was not something that is subtracted from Crusoe in an absolute sense. Rather, the cost of his decision refers he places on to the value the next best alternative." - Robert P. Murphy, ***Choice, Cooperation, Enterprise, and Human Action*** (2025) p. 49 #Agorism #Agorist #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #CarlMenger #Menger #Price #Value #Cost #OpportunityCost #SubjectiveValue #ProducerGoods #ConsumerGoods #Labor #Incentives #Praxeology #HumanAction #Quotestr

"Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a wilIfully induced alteration an exchange. A less desirable condition is bartered for a more desirable. What gratifies less is abandoned in order to attain something that pleases more. That which is abandoned is called the price paid for the attainment of the end sought. The value of the price paid is calIed costs. Costs are equal to the value attached to the satisfaction which one must forego in order to attain the end aimed at. The difference between the value of the price paid (the costs incurred) and that of the goal attained is called gain or profit or net yield. Profit in this primary sense is purely subjective, it is an increase in the acting man's happiness, it is a psychical phenomenon that can be neither measured nor weighed." - Ludwig von Mises, ***Human Action*** (1998) p. 97. Ludwig von Mises Institute. #Agorism #Agorist #AnCap #Libertarian #Libertarianism #Antistate #AustrianEconomics #AustrianSchool FreeMarket #MarketEconomy #Praxeology #HumanAction #Action #Exchange #Prices #Value #OpportunityCost #Cost #Profit #Mises #Quotestr

"To allay these suspicions and to harness to its cart the strongest of all political motives — the craving for freedom — socialists began increasingly to make use of the promise of a 'new freedom.' Socialism was to bring 'economic freedom' without which political freedom was 'not worth having.' To make this argument sound plausible, the word 'freedom' was subjected to a subtle change in meaning. The word had formerly meant freedom from coercion, from the arbitrary power of other men. Now it was made to mean freedom from necessity..." - Friedrich Hayek, ***The Road to Serfdom*** (2005) p. 47-48. The Institute of Economic Affairs. #Agorism #Agorist #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #Scarcity #Scarce #Demand #Hayek #FriedrichHayek #FAHayek #EconomicFreedom #EconomicGrowth #Quotestr

So many cases. #Agorism #Agorist #Libertarian #Antistate #Antiwar #MilitaryIndustrialComplex #Gaza #Palestine #Syria #Iraq #Yemen #ProLife #Evictionism #Departurism

🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr