3min chapter

The "What is Money?" Show cover image

Freedom, Growth, and Responsibility with Robert Breedlove (WiM262)

The "What is Money?" Show

CHAPTER

What Is the Difference Between Keynesian and Austrian Economics?

Austrian economics represents economic science since the beginning of human knowledge, basically. In the past couple of hundred years that we had Keynesian economics which is this pseudo science funded by the central bank. The other thing I could say about it is just from an epistemic standpoint, like the way these two schools of thought evaluate knowledge, Keynesianism is just provably wrong.

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