Titlebook: Investing in the Age of Democracy; Ten Lessons in Appli Morten Arisson Book 2018 The Editor(s) (if applicable) and The Author(s) 2018 Austr

nepotism

https://doi.org/10.1007/978-3-319-95903-0Austrian Economics; Central banking; Asset allocation; portfolio optimization; Austrian School approach;

vanquish

978-3-319-95902-3The Editor(s) (if applicable) and The Author(s) 2018

Constrain

Working with the Wrong Toolsallacies. These are the use of differential analysis, the use of general equilibrium theory, the use of probability theory, the (corruption of the) concept of liquidity, the misunderstanding of sovereign risk and, lastly, systemic risk. All six fallacies are discussed in this chapter.

gentle

Institutionss key to investing. When these protocols succeed and prove themselves useful over time, we can eventually identify them as legal institutions. There are two main branches of institutions: Private and public. We examine them and the role they play in the investment process. Their rediscovery is an achievement of the Austrian School of Economics.

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凹室

細(xì)絲

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Cytokines

手術(shù)刀

馬賽克

Debtanged from debt itself to the signals and mechanisms that define it. The main signal is the rate of interest, and as such, it has been suppressed completely. We examine this phenomenon, as well as the different types of debt in which we can invest, from an Austrian perspective.