tag:blogger.com,1999:blog-9612609.post3458387418774831123..comments2023-09-29T06:58:20.125-07:00Comments on Badtux the Snarky Penguin: Too much retsinaBadTuxhttp://www.blogger.com/profile/01345749557330760251noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9612609.post-77928669987232753292010-05-21T14:20:00.752-07:002010-05-21T14:20:00.752-07:00You sound a lot like Krugman, though he seldom app...You sound a lot like Krugman, though he seldom applies much snark.<br /><br />I'm developing a hypothesis about conservative/libertarian/Austrian economics. <br /><br />1) Hayak and von Mises both lived through the Austrian hyper-inflation of 1923, and reacted to that experience the way Ayn Rand reacted to living under Stalinism.<br /><br />2) Austrian economics isn't so much wrong as it is mis-applied. I think the Austrian principles are a valid sub-set of general economics, but only applicable to certain types of economic situations. They commit the composition error of wanting to apply the Austrian principles to every econ situation. They are also guilty of projection, when the accuse Keynesians of, frex, wanting deficit spending all the time.<br /><br />This guesswork at the moment. I don't have anything solid to back it up.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com