Milton Friedman was a great economist, but fell short of the high standards that Austrian Economics imposes. Studying the differences among Mises, Rothbard and Friedman (and yes, even Bernanke) provides an excellent overview between the two worlds that we live in: the one that should be (Austrian view) and the one that is (Keynesian view) - at least for now.
At the end of the day, the Austrians' will have the final say. Rothbard's critique of Friedman is outlined in this five part video series:
At the end of the day, the Austrians' will have the final say. Rothbard's critique of Friedman is outlined in this five part video series:
No comments:
Post a Comment