2 ms·
One of the key insights of the Austrian school is that historical mathematical analysis while useful for entrepreneurs is not economic law and is merely a forec
by dantheman 17y ago
One of the key insights of the Austrian school is that historical mathematical analysis while useful for entrepreneurs is not economic law and is merely a forecast. You cannot predict accurately what lowering the interest rate will do, you can say that printing money causes inflation, but cannot specify how prices will actually change.