Ask An Austrian, Ep. 1—Lucas Engelhardt

Audio version here: https://anchor.fm/lpmisescaucus



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You can check out Lucas Engelhardt's work at the Mises Institute (https://mises.org/profile/lucas-m-engelhardt) as well as on his personal website (http://www.lucasmengelhardt.com/)

Question Timestaps:

00:15 - Question 1 - What is the best introductory book for the layman who wants to learn the basics of Austrian econ, but doesn't necessarily want to become an expert or read something as extensive as Human Action or ME&S?

Question 2 - 4:47 - In the absence of a federal reserve, would prices ever go up? In other words, would the cost of living increase?

Question 3 - 7:30 - Am I wrong for saying the U.S dollar does not have a unit of account? Since the U.S dollar is a unit of debt and debt has no standard measurement. How can I logically compare prices than.

Question 4 - 12:18 - Why is the petrodollar so important to the USA and if other nations move away from the dollar in global trade will there be an inflationary impact in the USA?

Question 5 - 15:52 - What is the Austrian Business Cycle Theory, and what should the Mises Caucus advocate for given an understanding of ABCT?