The Importance of Externalities in Economics

A lot of people in the banking industry or people who are interested in economics, they come across the Austrians. And then they just assume that Austrians are your run-of-the-mill Harvard slash Chicago economists. So I think it's more that you haven't bothered to read what we've said about it. We have thought about it. How could we not? Exactly. A lot of people who might even be quite sympathetic to Austrian ideas don't understand them. All of the money stuff is okay for these Austrian children to play with. But when it comes to that serious stuff, then you need the mass murderers basically,. You need to have legitimate excuses for mass murder and taking