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Re:America's 1% Has Taken $50T From the Bottom 90% by notahacker on Friday February 12, 2021 @10:25AM (#26114633)
Sure, but you don't have to take any notice whatsoever of Austrian economics to critique the biases encoded in an economic model (indeed not being overtly hostile to the concept of economic modelling per se leads to much more parsimonious critiques of models and explicit identification of second order effects). I'm not really sure that Austrian economics has much to say that is sensible beyond illustrating basic microeconomic concepts and noting that inflation can [sometimes] be bad, business cycles are a thing and the predictive power of equilibrium models is limited, and you get all that in a mainstream undergrad textbook.

Not being an Austrian helps you conclude that their arguments that economics isn't quantitative, positivism isn't useful and reducing income inequality is actually a goal a government might wish to consider wrong though. :)

Re:America's 1% Has Taken $50T From the Bottom 90% by dnautics on Friday February 12, 2021 @02:16PM (#26117395)
I'm not austrian (for example, I believe that the velocity theory of monetary value is partially true). You're the one that boxed me into that category. Only about 20% of what they say is any good, but those parts are definitely not being said by anyone else.
Re:America's 1% Has Taken $50T From the Bottom 90% by notahacker on Friday February 12, 2021 @02:57PM (#26117869)
I didn't say you were an Austrian, though I must admit I'm intrigued by what you think they are saying that is useful and nobody else says (even arguments favouring gold standards are not unique to Austrians; a priori praxeology, perhaps, but I would have difficulty concluding their a priori praxeology was "any good"). At a stretch, maybe Hayek's free banking, but then others have described natural experiments with free banking but just reached somewhat different conclusions...
Re:America's 1% Has Taken $50T From the Bottom 90% by dnautics on Friday February 12, 2021 @06:52PM (#26120015)
s/nobody else/the major economic schools/

So like chicago, keynes, socialism, mmt (which admittedly is niche)

Better?