Loading...
Most Recent Stories

Why I am Converting to Austrian Economics

After a good deal of thought I’ve decided that my views are better aligned with Austrian economics for the following reasons:

  1. I want to be wrong about hyperinflation for years on end.
  2. I think that government spending is always bad and that private spending is always good.  In other words, I want to eliminate the government.
  3. I want to believe that QE creates inflation because reserves will get out of the banking system.
  4. I prefer to think of “inflation” as a rise in the money supply regardless of the fact that the money supply is just about always rising in a credit based monetary system thereby rendering this concept totally void of value.

Isn’t that enough reason to convert?

Comments are closed.