Saturday, July 07, 2012

Power of the Free Market

This evening I was reading a posting at the Mises Institute web site  http://www.mises.org/ when a thought came to mind which to me exemplifies Austrian Economic Theory, Carl Menger, Ludwig von Mises and life. I wanted not to forget this idea so I inscribed it on one of my photographs (above) to remind me. (Click to enlarge)
"Prices, wages, interest, rents, laws, language, and norms arise from human action not human design in the free market"