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thelowend July 25th, 2015 6:42pm

I found a great YouTube link simplifying Austrian vs. Keynesian economics and thought it would provide us all with some ideas and basis when I see these topics about the economy in SOH. facts! :)

cool! meh
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LeftLibertarian The Age of Outrage
07/25/15 10:35 pm

Commenting so I can see later

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allswel Minnesota
07/25/15 8:23 pm

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

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thelowend imitation is flattery
07/26/15 7:38 am

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

TierasPet
07/25/15 3:29 pm

Thank you. That was a great video.

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EnderWiggin So disillusioned...
07/25/15 12:18 pm

Thanks. Bookmarked for later reference.

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EnderWiggin So disillusioned...
07/25/15 12:19 pm

youtu.be/Log_dcRj7HI

For web users

thelowend imitation is flattery
07/25/15 11:45 am

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! :)

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DrReid Ever present.
07/25/15 9:20 pm

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

DrReid Ever present.
07/25/15 9:23 pm

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.

thelowend imitation is flattery
07/26/15 5:56 am

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.

thelowend imitation is flattery
07/25/15 11:44 am

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! :)

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