Half way through the article, I lost patience. It pains to know that people such as the author are themselves in denial while they continue to blame others. The Austrian school of economics perfectly explains the phenomenon, but people are hell bent on propagating the Keynesian belief system, which they least understand. People like Ron Paul and Peter Schiff have repeatedly predicted it and stand vindicated, yet most economists continue to be in denial. New thinking should always continue, but why do you ignore the wisdom of the past. This is intellectual dishonesty and utter nonsense.
Economics in Denial
Half way through the article, I lost patience. It pains to know that people such as the author are themselves in denial while they continue to blame others. The Austrian school of economics perfectly explains the phenomenon, but people are hell bent on propagating the Keynesian belief system, which they least understand. People like Ron Paul and Peter Schiff have repeatedly predicted it and stand vindicated, yet most economists continue to be in denial. New thinking should always continue, but why do you ignore the wisdom of the past. This is intellectual dishonesty and utter nonsense.