[anigbrowl]

Yes, but once the economy was humming again he expressed worries about government spending, debt financing, and inflation too, but lots of libertarians told him to stop being such an old lady: we were spending because there was a war on, China buying US debt was proof that market economics the key to growth, and inflation of property prices didn't matter because they're not building more land.

I appreciate that Austrian economists dislike the idea of stimulating demand through looser monetary or fiscal policy, but they're not exactly famous for demanding greater restraint during good times, are they? I don't recall any of them screaming in horror when the Dow was at 14k.