I’m not saying he got everything right…but the guy wrote an article with the term “Austrian Economics” in the title and which included statements like:
“[The Austrian School’s] economists have not only made sense of many of the macroeconomic dynamics we are currently experiencing, but many even predicted the malaise. Austrian Economics is in the ascendant.”
“in the fractional reserve system, private banks create money when they create debt, and by charging interest when they do so, ensure that, over time, real wealth is transferred from productive workers to financiers who produce nothing directly. This too reduces our freedom and prosperity.”
“Austrian economists emphasize the dangers of manipulation by central bankers and governments who can cause bad investments to be made by altering the amount and price of money in the economy. Cheap or excess money leads to credit bubbles, asset inflation (e.g. housing in the USA up to 2007) and mal-investments.”
“…government cannot merely spend money into the private sector without choosing where and how to spend it. And any such choice removes spending power from private citizens and redistributes it just as surely as in the days when the likes of Hayek and von Mises, two of the greatest thinkers in Austrian economics, were doing their best work.”
[his links]
All the while giving an honest, straightforward, and serious summary of the Austrian position. And in case you didn’t notice, he links directly to the “Fear the Boom and Bust” video to boot…in the opening paragraph. And he got all this published on The Huffington Post website.
I think I can look past a little “MMT can inform Austrian theory…if we can synthesize them we would have something awesome”. Especially when he ends the piece with:
I’ll bet, though, that any such synthesis and all future evidence will vindicate Hayek again and again in at least one point:
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
[again, his link]