Why do people who know nothing about Keynesian economics and economics in general have such strong opinions about these topics? You never see them debate assumptions or conclusions of theories, only their (often inaccurate) assessment of the values they purportedly represent. Ask any anti-Keynesian crusader about their thoughts on underpinnings such as MiU or price stickiness and they'll be stumped.
Keynesianism economic
>proven defective
how so?
yes, good goy, only (((experts))) should be allowed to discuss economics.
I'm not sure if ironic or just a blind fanboy. Austrian economics has been more prophetic than what your statist professors taught you at community college
in what way has it been prophetic?
Bullshit, the most prophetic economist is Schumpeter, but you will only understand this once it's too late.
State control of money supply has been the chief cause of the boom and bust cycle.
I am certain we are going into another Fed-caused bust once again. Real inflation is worse than reported thanks to heavy handed trade scuttles by the government. There is nothing new under the sun in a keysean world
>State control of money supply has been the chief cause of the boom and bust cycle.
how do you know?
>Free market
>Not a centralized system
How's it feel being such a brainlet that you can't see how a free market always evolves into a centralized system?
Tell me, what's your favorite brand of Velcro shoes, and your favorite flavor of crayon?
>State control of money supply has been the chief cause of the boom and bust cycle.
kek you think the the states (countrys) have control of the money supply or even control of the boom/bust cycle...what are you doing here user?