3 ms·

This guy doesn’t know what he is talking about. Mises institute has a bunch of crackpots that are not respected by actual economists: http://motherjones.com/ke

• kiba 17y ago
  Do you have a better argument than an appeal to authority?
• jwb119 17y ago
  i'm not sure mother jones qualifies as a neutral source either (despite the quotes from krugman and friedman about biz cycle theory)
  • nir 17y ago
    But it is saying something if both Friedman and Krugman agree on this.
    • Semiapies 17y ago
      It says they both disagree with the Austrian school's version of business cycle theory. Even the quoted writer goes nowhere near the dismissal of the Austrian school attempted in the MoJo piece. I'm reminded of when you see someone cite a creationist and one evolutionary biologist's disagreement with another on some detail of evolutionary mechanisms in order to argue for Intelligent Design.
• limist 17y ago
  Don't you find it telling that critics of Mises and Austrian economics rely on ad hominem (personal attacks), appeal to the majority, and appeal to authority as their main argument forms - all of which are fallacious? Considering that the track record of mainstream economist predictions about the economy are horrid (just try trading their predictions), we should consider plausible, alternative points of view.