-
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?
-
"since the new deal and Keynesianism failed to end the great depression" That's patently and demonstrably not true. Government spending during WW2 put people to work, put money in their pockets, stimulated private spending and investment, created demand for more products, created the middle...
-
I have a friend who doesn't have the knowledge yet to answer this guy and I can't really check it over for another few hours, although I'm sure it's full of fallacies, false dichotomies and unsupported assertions - I find that non-Austrians are generally devoid of the ability to think...
-
Important: to read this comment you will have some basic knowledge about the (somewhat tricky) concept of „ecological footprint“*. I will begin with an important distinction „relative poverty' compared to „absolute poverty“. Historically seen the term relative poverty...
-
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...
-
I understand the need for sound money. That hit me as clear as a punch on the nose, so there’s no need to go into that at all. What I want to do is understand why carefully targeted ‘stimulus spending’ is necessarily bad, both under a gold standard and under fiat money. I’m going...