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Austrian economists barely discuss hyperinflation. They instead endlessly talk about the distortive effects of inflation on the economy as a whole, such as deci
by rufusroflpunch 6y ago
Austrian economists barely discuss hyperinflation. They instead endlessly talk about the distortive effects of inflation on the economy as a whole, such as decimating savings, and that the idea that a good economy is based on consumer spending is political gobbledygook believed by politicians who only listen to bad economists that tell them what they want to hear.
- aww_dang 6y agoIt would be interesting to have a discussion about some of the Austrian critiques of MMT or UBI on this site. I often see mischaracterizations and generalizations of those views here.
- snidane 6y agoThere is one such debate on youtube. https://youtu.be/cUTLCDBONok https://youtu.be/cUTLCDBONok