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Austrians correctly predicted: The great depression The rise of Naziism The decline of the soviet union, and it's fall, and why it would fall, based on economic
by lzw 16y ago
Austrians correctly predicted:
The great depression
The rise of Naziism
The decline of the soviet union, and it's fall, and why it would fall, based on economic principles about 50 years before it happened.
The appearance of the housing bubble in 2000, along with the prediction that it would burst and take down major banks.
In my lifetime, when krugman and politicians have been saying one thing, and austrians have been saying another, consistently the austrians have turned out to be right. Meanwhile the politicians in question are no longer in office, and krugman contradicts himself regularly.
Plus, if you will read some austrian writings you will find the are retry straightforward and comprehensible.
Unfortunately, on topics like this, wikipedia has a very strong left bias, so it is best to go to the source.
Start reading the daily articles at mises.org or check out Henry hazlitts book "economics one Eason" which you can get there.
Mises.org also has many major Austrian books for free download