Which Comes First, The Cart or The Horse? The Horse

From: R Sent: Monday, March 07, 2016 1:44 PM To: Walter Block Subject: Re: Austrian Economics Hi, I have a doubt in economics which I got after reading the Atlas shrugged by Ayn Rand. I would be highly obliged if you could help me with this query:-Causality is an irreversible absolute. One cannot eat a cake before he bakes it. Therefore production is the cause and consumption is the effect. In any Credit transaction we consume before we produce which is a reversal of causality. Therefore any form of credit should not exist. Where am I going wrong in my … Continue reading Which Comes First, The Cart or The Horse? The Horse