Von Mises is generally a laughing stock in academia. Only the internet thinks he's worth dusting off.

Von Mises has been missing from proper economic discussions in academia for half a century. He predates when economics was a science, and was expected to produce things that matched the data.

Absolutely nobody with any actual training would take his name seriously in practice. Naming him in a non-critical is like mentioning Ivermectin - a red flag that everything you know about the topic comes from social media. You might as well bring up Dr Sebi.

That's largely because academia favors central planning and doesn't trust those without a graduate degree to make socially optimal choices. They want to be the planners the masses depend on and Mises tried to show that desire was problematic from a first-principles, liberty-oriented perspective.

What's really laughable is that academia thinks its policy prescriptions play no role in the ongoing economic mismanagement despite all evidence to the contrary and the predictions of the Austrian school. Your need to smear the name of Mises with unrelated controversies is also very telling. Why not let the theories speak for themselves?

> Why not let the theories speak for themselves?

They did. That's what the "doesn't match the data" part was.

It's just that you haven't ever actually studied this, and are trying to wing your way through fake criticism, the way the kid who never read the book does their book report.

Buzzer sound.

Getting your economics from Von Mises is like getting your science from Aristotle.

To be clear, I agree.

Everything about our federal monetary policy is Keynesian and has been for a long time now, what do you mean?

Well, we're trying to get past the toddler stages so...