Show of Hands

youtu.be/Log_dcRj7HI

For web users

gets under my skin sometimes when I see people arrogantly dismiss the value of either model because one was thrown around as a talking point. it's not always about the demand - and also not always about the supply. apply to the right situations! :)

gets to me sometimes when people dismiss either theory since their favorite pundit used one as a talking point. it's always about contextual reference and how it's applied.

again - facts! :)

Commenting so I can see later

I agree. it's a reasonable model but assumes way too much about the fallacy of uneducated or misinformed investment. he did one on Keynes as well which also pointed out good strengths and weaknesses.

Thank you. That was a great video.

Good explanation of the Austrian School, I am not a big fan of it.

This video is a debate on the Austrian vs. the Chicago school. I think it is much more unbiased.

youtu.be/l2RByG_vutE

search him on YouTube for Keynesian theory as well. he does a very fair job at outlining strengths and weaknesses.

Thanks. Bookmarked for later reference.

I dismiss the Austrians, not because someone else did, but precisely because they have no facts. The entire model is not based on math, but on opinion and conjure. Which is why when their models fail, they can't be held accountable. When

Keynesianism could not explain stagflation, it adapted and improved. The Austrian School has remained pretty much stagnant, because it cannot fail, even when it does.