In Canada’s National Post (the rough equivalent of the Wall Street Journal), Peter Foster states in his editorial, “Keynesianism’s systemic failure” the following: “Post-crisis stimulus stimulated little but insupportable government debt — and now inflation.  It was joined by a downward manipulation of interest rates that has promoted what Austrian economists called ‘mal-investment,’ plus asset inflation.” About which, a few comments. It is simply marvelous that in a newspaper of this stature, which ordinarily favors the Keynesianism of scholars such as Milton Friedman, a columnist could not only criticize Keynesian economics, but actually support the main competitor of that mistaken … Continue reading Austrian Economics Mentioned Positively in Mainstream Newspaper