A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and waste it on something that will make a given problem worse, the stumped critics will often shout, "Oh yeah? Well do you guys have a better idea?" Now, in truth, someone doesn’t have to have a better suggestion in order to point out that a recommended strategy will exacerbate the … Continue reading ‘Do You Austrians Have a Better Idea?’