There’s an old saying that Austrians claim a lot of things, but ultimately become Keynesians in a foxhole. There is no “there” in Austrian economic reasoning o

There’s an old saying that Austrians claim a lot of things, but ultimately become Keynesians in a foxhole. There is no “there” in Austrian economic reasoning or modeling: the fundamental premise is to reject empirical evidence in favour of Praxeology. This is useless for forming economic policy.