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Most Austrians understand mainstream economic theory much better than mainstream economists understand Austrian theories. Evidence being Krugman's disastrous at
by jswinghammer 13y ago
Most Austrians understand mainstream economic theory much better than mainstream economists understand Austrian theories. Evidence being Krugman's disastrous attempts to discredit Austrian Business Cycle Theory. It isn't a perfect theory but Krugman can't even explain it let alone criticize it.