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I agree that the austrian school has more merit than it's been given but that brand of economists has been spelling doom for many years. It's not out of this wo

by Ennis 16y ago

I agree that the austrian school has more merit than it's been given but that brand of economists has been spelling doom for many years. It's not out of this world for them to be right at some point. But they are often not right (like on deflation being a good thing.)

lzw 16y ago
So, you think tibias a bad thing for peoples purchasing power to go up, and for there to consequently be fewer people at or below the poverty line? And for those above the poverty line to have more disposable income to invest in long term or short term needs is also a bad thing? Yet, somehow, the opposite, where everyone is poorer and a lot of preventative maintenance is avoided because it simply can't be afforded, is somehow better?