I am very new to economics, and also new to debating politics. I am just learning about Keynsian V Austrian. I see truth in the Austrian school, and while Keynes has some valid ideas, the Keynesian school is flawed by human incompetence.
My understanding is that Austrian school allows the market to be controlled by “the invisible hand”. Is that correct?
I am in favor of a true free market. How do we force the US federal govt to a shift in ideology away from Keynesian school? This is my biggest quesiton.
OK, I look forward to sharing and learning with all.
Such as what? Are you saying that Keynes has no valid points whatsoever? Please don’t try to put words into my mouth either. I am strictly for laisse fairre govt policy.
I personally think some of his quotes are fairly insightful, such as “In the long run, we are all dead.” It certainly seems to explains the fatalistic rationalizations his followers seem to employ.
I guess my pov (point of view) comes from the Mises.org economics quiz. On all the questions, Mises is right, Keynes is wrong. Also, Keynesian economists tend to believe that the economy can be modeled, and their models, as far as I know, always fail.
Do they have any valid points? I don’t really know, which I why I was asking. I have not ran across an Austrian that really believes that they do.
Also, for the most part, I think you will find people here that are genuinely interested in discussing things.
Thank you for your reply, and I will keep that in mind. I have a lot to learn before I can seriously debate in this forum, but I plan on sticking around and trying, so thanks again for your advice.
