The Cult of the Golden CalfSubmitted by Shaka on Tue, 08/19/2008 - 00:44
“The consumer’s good is always the 1st order, regardless of how far back we push the analysis, even if we go back to axes carved by prehistoric men.” – Robert Murphy
Wrong! Victor Aguilar sees the source of value in the future use or exchangability of goods, not in their past costs of production.
“Investors seek the intrinsic value of gold to protect themselves from inflation.” – Ron Paul
Wrong! Victor Aguilar believes in the subjective theory of value; nothing has intrinsic value.
“All political truth can be found in a coin shop.” – Jeffrey Tucker
Wrong! Victor Aguilar believes that coin shop owners are hucksters, preying on weaklings and paranoids.
Do you believe in Austrian Economics? He whom you dread awaits: www.axiomaticeconomics.com/golden_calf.php