Auditing the Austrians

[Joe Kelley]

http://forum.prisonplanet.com/index.php?topic=206959.0

Hi,

For several decades I've been searching for someone willing to meet the challenge to Austrian Economics, have I found someone?

Joe

[michael.suede]

Indeed you have joe

You ask the question:

What is ideal money, or, in other words, if a free market existed, and the force of competition was a powerful force, because a free market existed, which money would be the highest quality money, at the lowest cost, or, in other words again, which money would gain the most market share, what form would that money take, in that free market, as competition forced quality, of money, up, and as competition forced cost, of money, down?

An Austrian economist would simply respond:

The best money is the money the market choses to use.

There is no "best money" - only market money. We know that historically, when people are free to chose a money, they chose gold. We also know that when people are free to chose, they always chose some form of a commodity as a money.

Walter Block explains where money comes from and why Austrian's are typically goldbugs:

http://www.youtube.com/watch?v=QFbHw7VsNlI

[albertjr]

According to CPN an IT auditor is the fastest growing career areas in IT with the passage of time IT audits have increased and so has the need for people to do them. In IT audit process we collect and evaluate evidence of an organization,practices and operations.
what is islamic finance
islamic finance principles
islamic banking and finance
islamic financing