Making Austrian Economics Work: Posted To Mish Shedlock’s Blog 03/31/2016

You use the power of creation and destruction in a digital monetary system and the paradigm of monetary gifting. That way you as a merchant can sell a $10 item for $5 after a retail discount and get $5 back that you discounted to the consumer for a total of $10 again. Voila!! The modern way to make Austrian deflationary economics actually work instead of being an impossibly onerous unworkable fantasy. I think that’s what I’ll start calling it.

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