How real US economy collapse is?

Re:How real US economy collapse is? by cbd1984 on Thursday October 09, 2014 @05:46AM (#8431473)

(4) Check whether the economist peddling this view describes themselves as an Austrian or a follower of praxeology. Those are the "Creation Science" of economics: Faith-based and with no successes to their name. They even deny the role of evidence in economic theory, because if evidence is flawed and sometimes biased it should (apparently) be discarded entirely.

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Re:How real US economy collapse is? by rthomas6 on Thursday October 09, 2014 @10:41AM (#8432614)

I don't know if I'd be that hard on the Austrians.

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Re:How real US economy collapse is? by cbd1984 on Friday October 10, 2014 @10:07PM (#8440992)

Seeing a sibling comment: Yes. I meant Austrian School economists. I'm sure economists who happen to live in or work in or be from Austria are just as competent, on average, as economists from anywhere else. I never really anticipated that anyone would misinterpret that.

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Re:How real US economy collapse is? by tobylane on Friday October 10, 2014 @09:06AM (#8437448)

I think he is referring to the Austrian school/economic theories not the economics from Austria.

http://en.wikipedia.org/wiki/Austrian_School

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Re:How real US economy collapse is? by cbd1984 on Thursday October 09, 2014 @02:53PM (#8434385)

It's all true, though.

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