Austrian economics

[John_James]

@shackleford

Well, clearly, I have a lot to learn about Austrian economics. I watched the video with Peter Schiff. Those other jackasses were completely wrong and constantly ridiculed him. Why? It’s almost like they had an agenda to support the house of cards.

It also appears that the biggest purported contribution from Keynes is the effectiveness of a direct fiscal stimulus in a depressed economy. We were told this in my macro class. I always suspected this is utter nonsense, as the federal government is the most inefficient and cumbersome entity in the U.S.

Welcome to the world of Austrian economics.

Your suspicions are correct. If you’re interested in learning more, I suggest you start with these three vids. Watch them in this order. They will blow you away…

One### Two### Three

(Bear in mind, these are full lectures…roughly an hour each…so be sure you have the time available to finish one before you start it. I realize it can be tough to watch something on a computer that long (especially a lecture), but you may be surprised. Grab a snack and get comfortable. These will give you the best foundation you can get in this amount of time.)

(If it would be easier to listen to them on an mp3 player, you can download the audios…here, here, and here.)