Fox Business Channel's "Freedom Watch" with Andrew Napalitano highlighted the Austrian School of Economics on tonight's show. What an exiting thing to see F.A. Hayek and Von Mises and the Austrian School in general get such high profile visibility. America's economic problems could be solved 3 weeks ago if we simply embraced Austrian Economic theory and allowed the free market to work.
It's not rocket science: let the innovators innovate, the investors invest and the entrepeneurs take risks in an economy that rewards the successful outcomes of these activities essential to economic growth. Inflation is not some omnipotent, existential dark financial curse...it is instiutionalized within the U.S. monetary system through the Fed and its Cartel of Member Banks.
Free Markets, Free Trade and Sound Money. The Austrians have the answers, but as those solutions do not involve empowering government and expanding control of the state over our lives, I'm afraid we Austrians have a mighty big fight ahead of us.
Dear Fox News, thank you- "The Austrians Were Right!"
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