Posts Tagged ‘ Austrian school of economics ’

The Ongoing Recovery from the Folly of Intellectuals

Feb 8th, 2012 | By | Category: Economics, Featured, Personal Investing
I've often referred to a theory of business cycles that was first described by the Austrian Joseph Schumpeter, but amplified by contemporary American Thomas Sowell. Both are brilliant economists who have described in mathematical detail how free markets produce the most wealth and well-being for society, including for those at ...read more

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Posted in Economics, Featured, Personal Investing | 1 Comment »


Answering Krugman on Austrian Economic Theory

Feb 2nd, 2011 | By | Category: Economics, Featured, Housing
I still get the sense that Krugman truly doesn’t understand the Austrian position. For example, he asks, “Why is there overwhelming evidence that when central banks decide to slow the economy, the economy does indeed slow?” But because the Austrian theory says the bust occurs when the central bank backs ...read more

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Posted in Economics, Featured, Housing | 1 Comment »


The Austrian School of Economics Gets It Right

May 27th, 2010 | By | Category: Featured, Macro Economics
There is a place in life for expert opinion. If a doctor tells us our heart is going to quit because we’re drinking too much beer and not exercising enough, we listen to him. If a physicist tells us that jumping from high places without a parachute could be bad ...read more

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Posted in Featured, Macro Economics | 12 comments