Keynesian vs. Austrian Economics – Infographic
This infographic was presented by the Austrian Insider. It presents the key differences between the Keynesian and Austrian schools of thought.
Discussion
3 Comments
Sep 24, 2014 24:54 AM
Sep 24, 2014 24:06 AM
You would think by now living in a quasi-boom by Keynsian theory is proven STUPID/ IMPOSSIBLE for any reasonably long period of time.
The only theory Keynes had correct is that “in the long term we are all dead.”
And I’m not sure that will not be proven false in future.
Sep 24, 2014 24:29 PM
LOL… Keynes’s step 3 and 4 are so obvious it cannot go on forever…
AKA fraud vs reality.