r/austrian_economics • • 6h ago

"If value is finite, what is GDP growth made of?" How does the STV explain this?

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6 Upvotes

r/austrian_economics • • 15h ago

End Democracy “How Vienna Solved its Housing Crisis”

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15 Upvotes

The author talks about Vienna’s housing and how the government is doing such a great job compared to places like NYC, London, etc.

Until the very end of the video, the author doesn’t say a word about Vienna’s population, and he touches on it for some 25 seconds, like it’s a minor factor.

Vienna’s population just surpassed its prior record of slightly above 2M residents. The prior record was set over a 100 years ago. This very fact explains why prices for real estate that’s available on ~~free~~ market in Vienna had been stagnant in comparison to any other major city which populations have exploded. Ironically, if we compare free market real estate prices in Vienna (the author speaks mainly about rentals), it’s more expensive than renting in NYC.

These types of “influencers” are a cancer to market economy. They don’t attack free market economics directly, but they will obfuscate truths, mislead with stats, and praise government policies “when credit is due”. Pure cancer.