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1. What have Austrians been wrong about in general? 2. What have Austrians wrongly predicted? 3. What have Austrians wrongly predicted that Keynesians have correctly predicted?
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I have been having some conversations with friends that are immersed in the dominant economic schools of Keynesianism and Chicagoasm. It tends to end up with fallacious criticisms such as that the dominant schools are dominant for a reason, and things of this nature: ""To all of you Austrian...
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I have been writing up stuff that I thought was interesting and related to the current economic mess. It has gotten a bit long but I really think it has many interesting things that I did not understand a year ago. I think other Austrian economist types will agree with most of it and still find new stuff...
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Hello Lilburne, Thanks for responding. Let me take a satb as answering your questions: "No. Let's say you borrow that money from me. Over the course of the year, you do work for me for which I offer you a $60 salary. On the last day of the year, I don't pay you the $60 in gold; I just deduct...