7 October 2019
It was with no small measure of surprise that I read (Wall Street Journal October 5&6 edition: “Team Liberty”) that, “by the end of the 20th century, the ideas of the Austrian School would [come to] dominate global economic policies.”
“Dominate?” If I’d read “influence” I probably would not have blinked. The Austrian School’s influence has grown and ebbed over the generations, but I’ve yet to witness its DOMINATION.
Perhaps one could educate this (apparently) poor scholar. I do remember Bubba’s disingenuous claim that “the era of Big government [was] over.” Other than that, what else might I have missed? What globally dominating institution (transnational corporation OR government) has uniformly renounced price controls, tariffs, income and capital gains taxation, prohibition, prior restraint, central banking, or fiat currency?
To the contrary, that litany of crimes is actually contemporaneous orthodoxy.
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