Re:America's 1% Has Taken $50T From the Bottom 90%
by parasubvert on Tuesday February 16, 2021 @09:21AM
(#26154083)
There’s an old saying that Austrians claim a lot of things, but ultimately become Keynesians in a foxhole.
There is no “there” in Austrian economic reasoning or modeling: the fundamental premise is to reject empirical evidence in favour of Praxeology. This is useless for forming economic policy.
There is no “there” in Austrian economic reasoning or modeling: the fundamental premise is to reject empirical evidence in favour of Praxeology. This is useless for forming economic policy.