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Old 11-16-2010, 01:06 PM
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drums_n_surf drums_n_surf is offline
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Join Date: Oct 2008
Location: Brisbane, Australia
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Default Re: A funny state of the economy

Originally Posted by zambizzi View Post

It's pretty simple, if you can detach yourself from the bogus econometrics that Keynesian professors have indoctrinated kids with, for several generations now. If your money purchases more, you're wealthier for it. If it purchases less, over time, you're becoming poorer.
Hey zambizzi...just curious if your an economist or something similar. I'm currently studying economics so i'm learning about all that stuff. I was under the assumption that its the neoclassical and monetarist stuff that has been getting taught since the 70s, until about 2 years ago where there seems to be a bit of a revival of Keynesian economics with the whole global financial crisis. I do agree with you that there is alot of merit in learning the basics of Hayek and the Austrian school of thought though.

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