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Quote:Cute video... all opinion and no real facts on the actual theory... the theory is sound. The problem is how the politicians implement policy... It's is a funny video I'll post more on Austrian economics later I gotta do some stuff this morning but in short Austrian economics is the argument that monetary policies can only be manipulated short term by the state with a compounded increase of inflation as a result, there is simply no way that Keynesian polices such as QE can avoid inflation. Before I run outside for the day I'll link a more serious explanation of Austrian economics it's long but Glenn Jacobs does a REALLY good job breaking it down. https://www.youtube.com/watch?v=l8xphl-CyvU |
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