Thursday, September 22, 2011

Austrian Economics: Why It Matters

Austrian economics is oldest continuously existing economic thought in the world but it has been neglected for the past 100 years. It is now making a comeback because Austrian economics have predicted every downturn in the economy.

If you want to understand why the Keynesian model doesn't work, study Austrian economics.

"The Austrian economists have a track record only the Keynesian economists can dream of." - Thomas Woods

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