The Curious Lure Of Austrian Economics In The Financial World

Austrian economics favors ‘hard money’ policies that are curiously popular in the financial sector.
It’s curious because hard money policies don’t seem to serve the financial sector, acting as a bit of a brake on expansion.
Its predictive power in the post-financial crisis world also leaves much to be desired; investors would have done poorly following an Austrian investor diet.
It tends to blame the Fed for asset bubbles, and it’s here where we disagree most.

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