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SLP435 Bitcoin Times Austrian Edition with Svetski

Stephan Livera Podcast

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Austrian School Economics

Austrian economics used to be just Economics. In the early 1900s, it just was economics. It just shifted over time. What we now get typically taught at schools and universities is this kind of neoclassical Keynesian idea or the alternative is the monetarism idea. So that's kind of all you get shown at university and high school economics. That's typically what you get taught. And so it raises that question. Why was it, why wasthis stuff the one that got promoted in the mainstream? Partly it could be that it gives an excuse to politicians and people in power to intervene more.

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