May 4, 2009

Thomas E. Woods

I ran into his writings yesterday when I viewed this speech of his.
With the economy going through it's troubles, I have been looking at Economics and the differences between the Keynesian and the Austrian schools. The simplicity and beauty of the Austrian school are amazing. Why the USA is sticking with the Keynesian system boggles the minds -- it simply does not work in the real world. One of those failed thought experiments like socialism or communism that sound good on paper but don't translate to the real world with any degree of accuracy. Wikipedia has some good information on both schools and it is well worth checking out -- we are living through a time when one system is being put to the rather painful test using our money... Wikipedia Austrian School Wikipedia Keynesian economics Posted by DaveH at May 4, 2009 8:05 PM
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