I understand both Austrian and mainstream, I am not wholly persuaded by Austrian economic theory.
We need an elastic money supply.
Otoh, the foundations of mainstream "economic theory" are not rigorous in ANY way. They are haphazard and adopted more due to political expediency than because of any critical thinking.
I understand both Austrian and mainstream, I am not wholly persuaded by Austrian economic theory.
We need an elastic money supply.
Otoh, the foundations of mainstream "economic theory" are not rigorous in ANY way. They are haphazard and adopted more due to political expediency than because of any critical thinking.