[Inappropriate Laughter]

I read the whole piece-O-crap; it is a compendium of attacks on straw-men, misrepresentations, non-sequiturs, name-calling, and ad-hominiums. Really. Steam automobiles failed because of hoof-and-mouth disease, and that refutes Austrian Economics. Yeah, that makes sense. Or how about this:

The theory that the Fed's monetary expansion and easing of credit restrictions results in "malinvestment" is an unsupported claim. It is backed up only by the Austrian's faith and deductive "logic" that such malinvestment occurs.

You want to defend that? Remember the dot-com bubble? Or the surfeit of condos built, still unsold, and half-completed new housing developments, still empty? Not to mention commercial construction. ,

[parsifal]

Thank you for reading it all. I don’t agree with everything I read either. But, do you at least have a better understanding of the ASE and how it is really just their opinion that is getting put out as economic science?

FWIW, I don’t disagree with everything von Mises wrote. I do think it noteworthy to see that what they are promoting is opinion, and has even less basis in observation and facts than other schools of economics.

parsy.