« Sing-a-long to The day ObamaCare died | Main | Tony Blackburn counts down some of the top twenty favourite political songs as drawn up by the New Statesman »

January 29, 2010



Hayek wins every time...

''Prepare to get schooled in my Austrian perspective.''


Keynes Massive in da Hiz-ouse. Man knows how to stimulate...

Alex Deane

That is absolutely superb.

And Hayek dominated.

Simon Richards

Wonderful, though I'm still rather glad that, on the one occasion I was fortunate enough to attend a lecture by the great F. A. Hayek, he didn't choose to deliver it to a rap beat.


Of course Hayek dominated, it's a video released by one of a handful of schools that believes in Austrian economics. Think of it as libertarian propaganda.


Of course Milian, Paul Krugman wouldn't release a video that shows Milton Friedman wiping the floor with Paul Samuelson (as he often did).

Austrian economics is marginalised because it does not follow the current trend of mathematical economics. It rightly states that equations and models cannot replicate human behaviour. Both monetarist and Keynesian schools rely excessively on computer models to make their decisions. The Austrians don't.

One of the most successful investors in the world, Jim Rogers, is an advocate of the Austrian School. I'll take his advice over an ivory tower academic like Krugman or DeLong anyday of the week (they don't work in the bearpit of the marketplace, so they don't know what it is like). Peter Schiff, the man who destroyed Art Laffer, is an Austrian. Friedrich Hayek was the 2nd most cited economist of the 20th century according to an academic study. Von Mises integrated macro and micro theory.

The Road to Serfdom remains the definitive anti-statist text of the 20th century, and Von Mises' Human Action is a very fine study on economics, even if it drags in places.

Austrian Economics may be marginalised as a theory, but don't assume that means it is wrong. The Keynesians didn't predict this crisis (they predicted certain things like the housing boom, but not the onset of a new depression). The monetarists were destroyed in the 1980's because they couldn't control the money supply no matter how they hard. The Austrians predicted this, and have done for years.

Shukri Atari

Nice video.. enjoy.


Title: Selling Freedom



generic viagra

Hello there, I am looking for an upcoming music director indian male/female, but before that let me clarify no money is involved in this. Its just that i keep on writing a few poems, songs etc and i just need somebody to mould those words into a heart touching & unique composition. I will then publish it on the internet and publicize it by his/her name and lyrics will be mine. I do not want anything out of it especially money coz i have enough to satisfy my needs.

buy kamagra online

In its role as an anabolic agent, HGH has been used by competitors in sports since the 1970s, and it has been banned by the IOC and NCAA. Traditional urine analysis could not detect doping with hGH, so the ban was unenforceable until the early 2000s when blood tests that could distinguish between natural and artificial hGH were starting to be developed. Blood tests conducted by WADA at the 2004 Olympic Games in Athens, Greece primarily targeted hGH.[2]

sildenafil citrate

If you judge his success by the reviews they are mixed between: fans wanting to hold on to Carraba's 20s, folks who like - but don't love - his new direction, those who always hated what he's had to offer, and those who ridicule the production qualities (read orchestral work and tympani) fellow power popper Butch Walker brought to the table. But Dashboard Confessional was never about the reviews or the haters. Carraba and his supporting cast are about the fans.

discount propecia

What are the factors that make one guitar easier to play than another? I play guitar and I've noticed that some guitars are just easier to play.

managerial accounting homework

This is obviously one great post. Thanks for the valuable information and insights you have so provided here. Keep it up!"


This song maybe will be hot very nice.

sample nursing care plan

i like this part of the post:"The other day I was having a conversation with one of the people I mentor. We were working on his personal brand. I had given him an assignment of coming up with three or four words or phrases that by which he wanted to be known." is very good

cheap viagra

Great post there is no words for appreciation
thanks a lot for providing this information keep


ugg knightsbridge

Mathematics is a charming subject! It has attracted numerous heroes spend most of their lives for its energy! Just to unlock it

online caverta

Hey This is really very interesting post here... your blog is really found very interesting. Thanks very much for sharing it. keep posting. I"m looking for some more information form you. So keep posting.

generic tadalafil

Hello, i think that this post is very good, i would like to read more about it

The comments to this entry are closed.



Most Updated

Other Pages


  • Extreme Tracking