In a confrontational and much-needed LewRockwell.com article, Prof. William Anderson launched a counter-attack against mainstream academic economists’ refusal to consider seriously the Austrian School’s theory of money. Despite the fact that Ludwig von Mises’ 1912 theory of money explains booms and busts better than rival theories, and despite the fact that Austrian School disciples predicted the most recent bust when academic economists denied that such a bust was imminent, Austrian School economists get no respect. I could almost hear Aretha Franklin as I read Anderson’s essay. I would put it somewhat differently. I would say that the nine-decade blackout on … Continue reading Academia’s War on Free Market Money