[digitalengineer]

(Okay, I'll bite). Von Mises was the mentor of Hayek. You know, the one who won the Nobel Price?

F.A. Hayek... he has also led the way in attacking the mathematical models and the planning pretensions of the would-be "scientists," and in integrating economics into a wider libertarian social philosophy.

Perhaps one reason is the evident and galloping breakdown of orthodox Keynesian "macroeconomics," which leads even the most hidebound economists to at least consider alternative theories and solutions.

Everybody is drowning in debt, but hey let's just print more and we'll all get wealthy.

http://mises.org/daily/4082

[nhaehnle]

> Everybody is drowning in debt

Wrong. The economy was fueled by unsustainable private debt before the economic crisis. Part of the recession was shifting this private debt somewhere else, so that it has largely become sustainable public debt.

Your claim that "everybody is drowning in debt" is clearly a mischaracterization of what is happening in the real world.

Regarding your off-the-cuff comment about "printing more": I find it incredible that Austrian types still cling to their delusions so much that they outright deny the possibility that an increase of demand can lead (and does lead, in a slow economy) to an increase of production.

[jacques_chester]

The problem is that the Ludwig von Mises Institute don't really sell Mises.

They sell Rothbardianism, mostly. It's Rothbard acolytes and a series of increasingly more-anarcho-capitalist-than-thou writers.

von Mises, who was actually more sensible and more measured than Rothbard, is just the name above the door.

And von Hayek, who was more sensible and more measured than von Mises, is nowhere to be seen. At all. Except possibly as the subject of jokes.

These days I find the Hayekian account of economics to be thoughtful and compelling [1].

I find the Rothbard account to be a breeding ground of ivory towers and scenes from Life of Brian.

[1] http://chester.id.au/2012/12/07/review-the-essence-of-hayek-...

[vwfwerwetqwerqw]

Pointing out flaws in other analysis doesn't actually justify your own preferred explanations. See creationism.