I learned in my first economics class how infeasible a gold standard is.
Of course you did - you were taught by modern economists. That doesn't make them right, it simply means they are in power. Keynes and Austrian are polar opposites.
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This user laughed so hard that they peed a little:
I've been in Idaho a few times, never to Boise, mostly in the northern part of Idaho. Coeur d'Alene, Sandpoint and Bonner's Ferry are the places I've been. My aunt and uncle used to live in Sandpoint for a while. It's pretty up there. But yeah, not a place you wanna get caught trespassing or anything if you get my drift.
Well someday soon my friends, this ride will come to an end
But we can't just get in line again.
(Streetlight Manifesto)
"When you feel you're about spring, what you, Governor Romney, think is the checkmate moment of the debate and your debate opponent says to you 'Please. Proceed...'" - Jon Stewart
Of course you did - you were taught by modern economists. That doesn't make them right, it simply means they are in power. Keynes and Austrian are polar opposites.
Where's the internet school of red necks living in the hills stocking up on guns to fight the feds economics is much better.
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Religion is a bit like a penis, it might be nice to have but just dont go shoving down children's throats
For those who wish to know to what Mero is alluding when he speaks of "Austrian," here is a good brief precise from Wikipedia.
"Whereas mainstream economists generally use economic models and statistical methods to model economic behavior, Austrian School economists argue that they are a flawed, unreliable, and insufficient means of analyzing economic behavior and evaluating economic theories. Instead, they advocate deriving economic theory logically from basic principles of human action, a study called praxeology. Furthermore, whereas experimental research and natural experiments are often used in mainstream economics, Austrians generally hold that testability in economics and precise mathematical modeling of an economic market are virtually impossible."
My TL;DR version is that the Austrian School economists are arm-chair economists who like to think about human economy, whereas "mainstream" economists get their hands dirty with theories tested against facts, data, and politics in the real world.
My TL;DR version is that the Austrian School economists are arm-chair economists who like to think about human economy, whereas "mainstream" economists get their invisible hands dirty with theories tested against facts, data, and politics in the real world.
/fixed
2 users laughed. The question is: Are they laughing with you, or at you?:
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