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.

http://www.lewrockwell.com/blog/lewrw/archives/73123.html#more-73123

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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