“A depression is for capitalism like a good, cold douche.”
Most of the comments on the FM site by folks discussing Austrian economics showlittle understanding of Austrian economics. Here is an anecdote by a famous economist who met one of the great founders of Austrian theory. A telling anecdote, revealing much about the difference between the Keynesian and Austrian schools of economics — and why Keynesians …
“A depression is for capitalism like a good, cold douche.” Read More »