I know that a lot of people here are all out purists but I think that what is needed, now more than ever, is public policy advice from the Austrian school that is first and foremost pragmatic.
By pragmatic I mean: Has some likelyhood that it might get enacted. No central bank is going to be abolished in the near future, the welfare state is here to stay to a greater or lesser extent for the foreseeable future, etc. But that does not mean the Austrian School of thought should have no effect on decision making and future policy direction. I believe it can and it should but only as far as it is firmly routed in the pragmatic.
Unless we are saying that the Austrian “programme” has no value unless implemented in it’s entirety and undiluted (which I sincerely hope that is not the case), then I think the “public debate” over how to resolve the ongoing financial crisis is in sore need of pragmatic comentators from this school of thought.
My personal interst is of the state of affairs in Europe and the ongoing debate between “austerity” vs “growth” policies that seems to be increasingly dominated by Keynesian and old school conservatives.
I don’t think there is an absence of public policy proscriptions coming out of the Austrian camp I just don’t think people are inclined to really listen just yet.
That’s the definition of a noun. The “answer” in question is a verb…which makes it a different word.
I’m sure you’ll whisk off to go find a definition of the verb somewhere that will allege one can “answer” when no question has been asked (and probably succeed), but in typical parlance one does not “answer” a statement. One may answer a “call”, but of course, the purpose of a call is to elicit a response. This is not necessarily true of a statement. Or in the case of the OP, a cool story.
But thanks for being dictionary boy! That will probably come in useful at some point.
Fine. I think that the only pragmatic solution currently available is education, education, education. Until libertarianism gets larger any strides forward it actually makes will have any bad events which occur blamed upon them.