Wednesday, December 15, 2010

In Which Austrians Prove to Understand Economics Better than Keynesians

The esteemed Walter Block has compiled a bibliography, of sorts, of Austrian school economists/followers who predicted the blowing of the gigantic housing bubble that occurred in the USA thanks to the Fed keeping interests rates artificially low.

All the while, Keynesians the world over (looking at you Bernanke!) swore housing was not in a bubble.

End the Fed; Abolish the government

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