austrian economics

Sh*t Economists Say

So I ran across this amateur YouTube video inspired by the Sh*t Girls Say video the other day. I found it relatively amusing and in my judgement, worth reposting on an economics site:


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Peter Schiff Testifies Before the Congressional Jobs Committee

If you missed Peter Schiff’s testimony before the Congressional Jobs Committee last week, it is a must see. For fans of Schiff, you’ve heard much of this before but it is fascinating to watch the committee and the panel react… Continue reading

Austrians vs. Keynesians: A Case Study

The Keynesian model and the Austrian economic philosophy continue to lock horns. Similar ideas have gone toe to toe for three centuries now trying to explain the business cycle. Thomas Malthus and Jean-Baptiste Say made their case in the 19th century,… Continue reading

Ron Paul’s Answers at the New Hampshire GOP Presidential Debate

In case you missed it, here are Ron Paul’s answers at the New Hampshire Republican presidential debate. Per usual, he continues to separate himself from the field (a la Rory McIlroy). At the end, when asked which of his… Continue reading

Keynes vs Hayek: Round 2

Legendary economists F.A. Hayek and John Maynard Keynes already came back to life to rap-off about business cycle theory in a music video. Now, they’re doing round 2 live (and yes, I am an economics nerd):


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Top Ten Economics Debates

10. Ron Paul vs. Charles Partee – 1983: The Gold Standard

Congressman Ron Paul has been discussing Austrian economics, the gold standard and the Federal Reserve for a long time now. To prove this, I went ahead and dug up… Continue reading

Maybe a World War Will Fix the Economy

As I’ve discussed before, it’s common wisdom (i.e. an incredibly stupid thought many people hold) that war is good for the economy. It’s utter nonsense, but unfortunately most economists believe it. There were even a few after Hurricane Katrina… Continue reading

Austrian Economics vs. Keynesian Economics: Debate

There aren’t a lot of debates between Austrian and Keynesian economists out there unfortunately, but I was able to dig one up. Here Lord Robert Skidelsky, author of Keynes: The Return of the Master and Russ Roberts, the host of… Continue reading

F.A. Hayek and John Maynard Keynes Rap Battle

OK, so this is the epitome of economic nerdiness, but admittedly I love it. John Maynard Keynes and F.A. Hayek come back to life to debate whether Keynesian or Austrian economics explain the economy, the only way they know how:… Continue reading

Hyperinflation: Myth or Possibility?

Will the massive increase in money cause hyperinflation? I certainly think that high inflation will come when velocity picks up, however, YouTube user ramzpaul makes a good case that given the way our economy is set up, one thing we won't have to worry about is hyperinflation. For the Austrians out there, it's worth taking a listen to: Continue reading
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