Sep 04, 2016 11:10am
—“Curt: Can we then say that your philosophy is both Chicago and Austrian?”—
I have no problem with discretion in fiscal policy(saltwater), rule of law in monetary, infrastructure, and trade policy(Chicago freshwater), and social science in institutional and human capital policy(Austrian).
It’s when economists try to conflate any of those TOOLS by misapplying them outside of the knowledge required to truthfully appeal to the public for moral license to act upon opportunities each tool provides that I have a problem.
In other words, if it’s true and voluntary that’s fine. If it’s not true and voluntary then it isn’t.
My objective is truth in the pursuit of voluntary cooperation through exchanges. And to overthrow the pseudoscientific era of aggregations for the purpose of conducting fraud.