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Austrian School

Been reading a book from the early 90's, well before operational reality was common.  I understand that the Austrian School gets a lot of flack and disrespect due to the lack of any econometrics -- they actually don't believe in it, prefering to be metaphysical ideologues.  Fine, but I'm wondering if there's any validity to the three components that make up the "gross market rate of interest" composite, especially the originary interest?  It seems to me to be the most solid thing in the thought.