Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.
Central planners cannot calculate the costs and benefits of environmental policy.
There is no more stopping the Mises School. And when the truth finally wins out, because only what is true can also work smoothly in the long run, then the hour of the Austrian School of Economics will have come.
Join Jeff Deist and Patrick Newman in Orlando.
What would Mises think about the current state of the liberal project he laid out 100 years ago?
