2012-03-07

peristaltor: (Default)
2012-03-07 02:22 pm

To The Austrian School (And Others) I Take Exception

In one of the many recent money and finance posts and comments recently, I got a link to the Austrian business cycle theory. At first, it makes sense, echoing much of what I've been writing about, all this bank money creation and government money creation. Let's look at what I find more or less agreeable. )

And now, the points with which I must take strong exception. )

X-Posted to [livejournal.com profile] talk_politics.