Thanks to Jerry T. Dowell for this article and the comment on the right-hand side (scroll down) of Sonam Agrawal. My take is the same as Agrawal’s. The article begins well, with a quote from Trichet, who was president of the European Central Bank. He says in his own words (as I’ve been emphasizing lately) that the monetary authorities literally do not know what they are doing: “…as a policymaker during the crisis, I found the available [economic and financial] models of limited help. In fact, I would go further: in the face of the crisis, we felt abandoned by … Continue reading Austrian Economics Banished