• Dragon-sided D@sciencemastodon.com
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    10 months ago

    @AlwaysTheir @XmrLovingAncap I do not have a degree in Economics. I used to self-describe as an Austrian. I heard and read a lot about it.

    However, I have had to note, ~3 years, we had:
    a) stay-at-home + money printing
    b) war in Europe + supply chain insanity
    which led to
    c) big inflation
    … which Austrians all predicted would happen.
    BUT WE ALSO HAD:
    d) the inflation fall back to ~2%
    e) the economy surge forward

    At this point, “Austrians” need to explain why their theory fails so hard, Sry