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To: logician2u
I scored 98. If the differences between the Austrian and Chicagoite descriptions of the nature of time preference and interest had been more clear, it would have been 100.

What wasn't terribly surprising was how often the Chicagoite, Keynesian, and Socialist preconceptions came out being essentially the same. That is, if you reduced them to philosophic essentials. They all insist upon a positive and productive role for some degree of State control. Only the Austrian viewpoint seriously takes up Thomas Paine's view of government as "at best a necessary evil, and at worst an intolerable one."

Yes, I am an Austrian ... Mises' version, not the Governator's.

44 posted on 11/11/2003 3:03:47 PM PST by Greybird ("War is God's way of teaching Americans geography." -- Ambrose Bierce)
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To: Greybird
Particularly interesting is that Keynesian and Socialist economic thought are only different to degrees.
47 posted on 11/11/2003 3:40:26 PM PST by Liberal Classic (No better friend, no worse enemy.)
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To: Greybird
As it happens, that was the question I had trouble on also.

After several read-throughs and still not comprehending, I finished the quiz and came back to it. " . . the government need not interfere with the market interest rate" seemed a little weak, so I went to Chicago -- a place I detest.

62 posted on 11/11/2003 8:01:40 PM PST by logician2u
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