The Austrian School’s 7 Commandments

Posted By on January 4, 2010

                             The Austrian School’s 7 Commandments:

-The Austrian free-market economists use common sense principles.
-You cannot spend your way out of a recession.
-You cannot regulate the economy into oblivion and expect it to function.
-You cannot tax people and businesses to the point of near slavery  and expect them to keep producing.
-You cannot create an abundance of money out of thin air without making all that paper worthless.
-The government cannot make up for rising unemployment by just  hiring all the out of work people to be bureaucrats or send them unemployment checks forever.
-You cannot live beyond your means indefinitely.
-The economy must actually produce something others are willing to buy.

     Ron Paul

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