We May All Be Austrians Now

CNBC concedes to the Austrian school of economics. This now means that the Economist in London, the New York Times and now CNBC on Wall Street are recognizing the virtues of Hayek, Mises, Menger, Rothbard, Hazlitt, and many other brilliant economists tied to the Austrian business cycle.

Here’s Why the Fed Plan Is Failing: We’re All Austrians Now

by John Carney

It’s no accident that Austrian economics is newly popular. It provides the best explanation for the business cycle we just lived through.

But the resurgent popularity of Austrian economics may actually be hampering the ability of the Federal Reserve to reflate the economy with low interest rate policies. Businesses, now aware of the dangers of a low inflation- sparked economic bubble, may simply be refusing to fall for the age-old boom-bust trap.

READ ENTIRE ARTICLE

Advertisements

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s