BBV4L Analyzes the Austrian School

[Borodog]

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From this thread

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Firstly, success in the academic arena is not fundamentally linked to government approval, it's linked to the approval of your peers. The Austrian School is in the fringe because most people who are knowledgeable about economics think they're wrong.

Secondly the Austrian School economists have had tremendous government support in the US! Both from Reagan and from Bush. Reagan sent them to Russia to advise on the changeover from the command economy to a free market economy, and GWB did the same in Iraq. In both cases the economy underwent immediate and catastrophic collapse.

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That's right, Austrian economists caused the collapse of Iraq's economy. You heard it here first.

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lol.