The Austrians Are More Revolutionary Than Most Marxists

Milton Friedman was a neoclassical economist. But he also came out in favor of something which restricted the capacity for banks to behave badly. If you look at almost all neoclassical economists, certainly the bloody Austrians were really annoying the hell out of me right now. They are trying to change the system to eliminate the existence of banks as we know them. Their whole idea is banks are committing fraud because of the money that they're creating. Because they create money. So, if you want to, and that makes the Austrians end up being more revolutionary than most Marxists. And I'm not against it by any means. But they think they're describing the current system and