3 ms·

This is not, strictly speaking, totally accurate. Praxeology doesn't necessarily agree with this viewpoint.

• jshen 13y ago
  That's why you shouldn't follow Austrian economics. Edit: also, Austrian economics is like pseudoscience, it isn't representative of real economics
  • icelancer 13y ago
    Some would say that the Keynesian model is psuedoscience for having untestable priors. I don't have a dog in the fight but neither do I think your screed against Austrian economics is an airtight argument.
    • jshen 13y ago
      Which model fits reality better? I think the answer is clear given the evidence. Edit: what are the priors you are speaking of.