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Yeah I think that's mostly true. I find myself agreeing with the austrian's diagnosis of present economics, but the medicine they suggest does not always seem a
by overgard 11y ago
Yeah I think that's mostly true. I find myself agreeing with the austrian's diagnosis of present economics, but the medicine they suggest does not always seem appealing or correct, and I think worshipping hayek is basically as dumb as worshipping keynes. Don't get me wrong, big ideas worth reading about, important people, but I strongly suspect they were both significantly wrong about some big things.
Still though, when I hear commentary by someone like Peter Schiff, I find it very hard to ignore. Perhaps his ideas are "out there", but so were the people that suggested that the sun does not revolve around the earth. I guess that's a long winded way of saying I don't think they're obviously batshit insane wackos, they have ideas that should be heard.