Austrian economics is simply a philosophy towards money, policy, and it can even apply to business. The core tenants can have a powerful effect on business in fact, and that's why it interested me so much. I think if you understand some of the basics, you won't be able to ignore their application to your business. Here are some of the major points:
The effect on all groups
Bad economics, bad policy, bad management has this in common: It expenses one group to the benefit of another. And, the group that gets the benefit is the one that ...
