[PGR88]

I came slowly to an Austrian view of economics, but now my perspective is firmly in that camp

One of my favorite economics books is by a German economist, Jorg Guido Hulsmann

https://www.amazon.com/Ethics-Money-Production-LvMI-ebook/dp/B003NX6Z3W

He delves into the social consequences of fiat “money production.” The consequences of printed money, QE, zero interest rates, etc... are not symmetric. California, by dint of its productivity, past success, and natural endowments, is a greater recipient of cheap money, whether through its large population, or money showering down on tech and real estate over the past 2-3 decades. That has allowed the State to build a huge, monopolistic progressive-left governing apparatus. I’m also working on something in which I hope to demonstrate that once the underpinnings of cheap money are removed, California is in for a world of hurt on its budget, and debt.

[MV=PY]

Thanks much, just bought it.

I ended up at the Austrian view of economics via Milton Friedman, Thomas Sowell, John Mauldin and a few others.

I’m very interested in your project (”I’m also working on something in which I hope to demonstrate that once the underpinnings of cheap money are removed, California is in for a world of hurt on its budget, and debt.”). Please keep me posted via freepmail if appropriate.