Originally Posted by ejman
Well, I read the article you linked Imoldernu but I have to admit its as clear as mud to me. If what the author says is true Why is the dollar appreciating? why is Europe sliding into deflation? Why is inflation so subdued in the US? Why are commodity prices decreasing? Why aren't interest rates rising?
Ah, not familiar with the wonders of Austrian School Economic Philosophy, eh? It's a philosophy which preaches despair, and demands that we take no action that might interfere with the perfect rational actors participating in it's frictionless marketplace. (Really!)
Everything predicted by the Austrian School is true, and is actually happening, once one compensates for the flawed actors in the economy who fail to act in accordance with the philosophy. Figuring out how to compensate for pesky non-Austrian School actors is the real trick, of course. If only the world were populated with homogenous spherical rational actors...