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« Bank Lending to Franchisees | Main | Austrian Economics Follow Up »

June 15, 2010


The Arthurian

Hi, Bill. Every time I stop by here, I end up glad I did. You always have an interesting post. Thanks especially for your thoughts on Austrian economics. As you say, "The recession has brought out the Austrians," and I need to know more of how they think.

And I have a question. You write: "I find the Austrian approach to the business cycle lacking in rigor. The key insight has validity, but has been incorporated into better economic models."

Question is: Would you expand on that? What key insight? What better models? Sounds like you had specifics in mind. As Ross Perot said, "I'm all ears."

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