Unlike the cranky economics of the Keynesian school, which is taught in government schools, the Austrian school is key to understanding what happens in the economy. This school of thought gets it and predicted the current downturn.
The core of Austrian economics is the Austrian Business Cycle Theory, briefly explained in this article. By studying this theory, people can come to an understanding of the booms and busts of the economy; they will also realize we must get rid of the inflating central bank (the Fed).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment