The problem with Austrian economics is that you cannot play it alone and expect to survive.
Because NOBODY, and I mean NOBODY else plays that game.
An Austrian in a world of mercantilists will soon be dead as a door nail.
Sure, Smithian Free Trade is better for all when everyone plays. At least in theory.
But it’s a theory that’s never been observed in practice.
Don’t play soccer in an NFL game.
Hear! Hear!