News for hackers. Stuff that matters.
Re:Wall Street Banks Warn Downturn Is Coming by conistonwater on Wednesday August 23, 2017 @11:12AM (#15082096)
Milton Friedman wasn't Austrian, as far as I can tell: http://economistsview.typepad.com/economistsview/2006/01/mil... https://krugman.blogs.nytimes.com/2013/08/11/friedman-and-th... Usually people compare with Chicago school macroeconomics (freshwater/saltwater economics), Austrian is not really mainstream.
Re:Wall Street Banks Warn Downturn Is Coming by wavefunction on Wednesday August 23, 2017 @11:17AM (#15082140)
OP didn't claim Friedman was an Austrian, merely a monetarist.
Re:Wall Street Banks Warn Downturn Is Coming by conistonwater on Wednesday August 23, 2017 @11:18AM (#15082155)
He wasn't "building on" Austrian school either. I think you're being pedantic, that sentence seems relatively clear to me.
Re:Wall Street Banks Warn Downturn Is Coming by dalbasal on Wednesday August 23, 2017 @11:31AM (#15082283)
I meant Friedman as an example of monetarism, if that's the confusion.

I consider him closely related to Austrian economics, neoliberal economics... at least when it comes to business cycles.

A lot of "keynsians" are much more removed from keynes himslef than Friedman is from Hayek, Mises, Bastiat..

Obviously every individual is different and taxonomies are fuzzy. I'm not attached to my taxonomy, just trying to comment without lots of footnotes.

Re:Wall Street Banks Warn Downturn Is Coming by conistonwater on Wednesday August 23, 2017 @12:34PM (#15082898)
Friedman was pretty clearly opposed to Austrian views, so I don't really see where you're coming from.
Re:Wall Street Banks Warn Downturn Is Coming by wavefunction on Wednesday August 23, 2017 @11:25AM (#15082223)
How am I being pedantic? You mentioned that Friedman was not considered part of the "Austrian school" which is true but I pointed out that wasn't what was claimed.

I'm not arguing the nature of the facts, just pointing out the fact. Hopefully you can relax a bit, this is just a dialog and not a debate where I'm trying to score points against your claims.