Some Advice From Me To All You Liberals

Role of government disputed[edit]
According to Ludwig von Mises, central banks enable the commercial banks to fund loans at artificially low interest rates, thereby inducing an unsustainable expansion of bank credit and impeding any subsequent contraction.[64] Friedrich Hayek disagreed. Prior to the 1970s, Hayek did not favor laissez-faire in banking and said that a freely competitive banking industry tends to be endogenously destabilizing and pro-cyclical, mimicking the effects which Rothbard attributed to central bank policy. Hayek stated that the need for central banking control was inescapable.[65]
Influence[edit]
Many theories developed by "first wave" Austrian economists have long been absorbed into mainstream economics.[66] These include Carl Menger's theories on marginal utility, Friedrich von Wieser's theories on opportunity cost, and Eugen Böhm von Bawerk's theories on time preference, as well as Menger and Böhm-Bawerk's criticisms of Marxian economics.[citation needed]
Former U.S. Federal Reserve Chairman Alan Greenspan said that the founders of the Austrian School "reached far into the future from when most of them practiced and have had a profound and, in my judgment, probably an irreversible effect on how most mainstream economists think in this country."[67] In 1987, Nobel Laureate James M. Buchanan told an interviewer, "I have no objections to being called an Austrian. Hayek and Mises might consider me an Austrian but, surely some of the others would not."[68] Chinese economist Zhang Weiying supports some Austrian theories such as the Austrian theory of the business cycle.[69]
Currently, universities with a significant Austrian presence are George Mason University, New York University, Loyola University New Orleans, and Auburn University in the United States, King Juan Carlos University in Spain and Universidad Francisco Marroquín in Guatemala.[citation needed] Austrian economic ideas are also promoted by privately funded organizations such as the Mises Institute,[70] and the Cato Institute.
 
your economic ideas are all austrian school


the Austrian school hates math

math destroys their ideas about economics
The Cuckoos wanted to know why we think she is psycho, here is one reason. She repeats this mantra over and over.

Sent from my iPhone 25S with cherries on top
 
Back
Top