Say what?
Apparently "Dr Antal Fekete, has commenced the new austrian school of economics, very similar theory to Rothbard, except he differs slightly, but positively on Fractional reserve banking, the scourge on society as we know it today."
Any ideas or info about this? Neo-Austrian? Really? lol.
Fekete is a Real Bills Doctrine Advocate. Which virtually all Austrians(as well as mainstreem) regard as a relic of classical economics. It is Fekete's view that the Austrian School must be saved from it's theory of money, and so has declared rather hubristically a 'New Austrian School'. He is not best pleased with American Austrains who he calls ''parochial'' for rejecting his ideas.
http://blog.mises.org/3818/real-bills-and-real-anger/
The search function brings up lots of other articles on the subject.
Thanks, didn't know how to classify it.
Let the search begin!