Think Progress economist Matt Yglesias is decidedly not an Austrian, and thinks only cranks are. Or, thats what one is led to believe after reading his recent article in Slate. Yglesias uses Slate’s soap box (as other anti-Austrians have in the past) to make a mockery of Austrian economics, presenting straw man after straw man…
http://www.economist.com/node/21542174
Is fiscal stimulus not working? Then do more of it, say the neo-chartalists. Are monopolies and price controls a problem? Then get rid of the central bank’s monopoly in setting the price of credit and the supply of government money, say the Austrians
The Economist, beloved and respected throughout the profession, ridiculed by outsiders…
