pull down to refresh

Keynesianism which they implemented in our virgin brains at university

As someone who did not study economics in school or university, are you able to please expand on this? What were the fundamentals of your curriculum that you had to unlearn?

reply

Oh yes. Where to start... the fundamentals of economics in academia are keynesian theories which implies a crucial function of gov intetvention. The illusion that it's possible to implement makro management successfully via the yield and spending channels. No austrian school theory, no praxeological analysis, no real mikroeconomic thinking

reply

What made you see the flaws of Keynesianism (and consequently, the light)?

reply

Well, to be honest: btc. But I had strong libertarian tendencies before and knew in my bones that it was flaw. The btc community put my thinking in the right direction

reply

virgin brains, he says!

reply