Friday, August 10, 2018

Comparative Economics

There's a king on a throne with his eyes torn out
There's a blind man looking for a shadow of a doubt
--The Police

Decent side-by-side comparison of Austrian (i.e., 'free market') economics vs today's more mainstream monetarist/Keynesian mix. Which side is more intuitive, dynamic, and realistic?


It should probably be no surprise that the more realistic economic framework has been crowded out by a static, rigid one.

After all, a bureaucratic roadmap is the only one that central planners are capable of reading.

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