the experimental blog


Hey #RonPaul…

I’m an “Austrian” and a socialist AND a civil libertarian AND a rabid supporter of the #freemarket AND I support Obama

Put that in your pipe and smoke it!

For non-economists…Ron Paul recently proclaimed “We’re all Austrians now” at an Iowa rally, referring to and offering a counterpoint point of #Keynesian economics…its a false choice…Keynesian economics is NOT the opposite of the Austrian school of economics…Keynesian economics is facile and best left in the 20th century with Soviet Communism and Reganomics…the Austrian school is based on an understanding of human behavior…and it doesn’t belong to Ron Paul supporters!!!!

Also, Keynesian economics is nothing more than some English dork’s ideas about how to control a population…its fundamentally un-American…but things like the “Fed” are not a Keynesian institution alone.

If you read the wikipedia on Keynes you get…confused. That’s the point. Look at the terms he uses. “General Glut”? It’s reductive at best…to me in 2012 it looks archaic…like reading about Phrenology.


2 responses

  1. Anonymous

    A misunderstanding of human behavior.

    January 4, 2012 at 11:31 am

    • justinglobal

      Sure…develop that…but yeah I definitely would agree that the ‘Austrian School’ has an imperfect understanding of human behavior.

      January 5, 2012 at 11:21 am

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