Libertarianism and Austrian economics has a perception of outright rejecting empiricism and other rational thought, so I'd like to add a clarification. Libertar

Libertarianism and Austrian economics has a perception of outright rejecting empiricism and other rational thought, so I'd like to add a clarification. Libertarian theory doesn't deny naturally occurring downturns in economies, but that the severity and length of them are lessened without state mismanagement. Potentially, to the point that nation-spanning busts would be a thing of the past.