Not looking for the over simplified “freedom vs government thievery” take, wanting to get into the details. Especially wanting to really understand the “steel-man” argument for Keynesians Econ.
So much of what I hear is the one-sided Austrian take, but I feel like that’s not helpful in discussions with peers that went to school for Econ and can actually make a good case for the Keynesian school of thought. Of course, the issue with just asking Keynesians is their perspective is just as one-sided.
Also, most of what I hear from Austrians is why inflation is bad/theft/eroding society/etc, but I don’t feel any potential issues with the Austrian school of thought are addressed. I mean - going from what we have now to a fixed money supply is literally flipping the world on its head, and I feel like I have no idea what that actually looks like.
Like, how are monopolies avoided? Is there more of an innovation barrier if it’s harder to find investors because everyone wants to save? If the government can’t effectively impose taxes, how do public services like fire and police departments work, or do they become private? Does a fixed supply make it easier for a few to hoard the majority of it?
Any thoughts or resources/suggestions are greatly appreciated.