Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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dave rose

To: bentway who wrote (871815)	7/17/2015 4:21:06 AM
From: RetiredNow	1 Recommendation Read Replies (1) of 1577006

Wrong. Hayek and Mises also had good prescriptions for crises. But Keynesians of today have all but forgotten economic history and they believe their mathematical models can predict everything accurately. Keynesianism is the ultimate in hubris. It is the belief that 13 bankers can make better decisions through central economic planning than millions of economic actors in a free market. Austrian economics is a humble science versus the faux science of the Keynesians. Keynesians have wax wings like Icarus, and just like Icarus, they like to fly too close to the sun. When their wings melt, they come back and tell us that if they just had bigger wax wings, they could have flown closer to the sun. What hubris and foolishness.

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