Yesterday, 09:58 PM
I don't believe in Austrian economics anymore. In fact, gold based currency always seemed a little funny and archaic to me. the world has changed, and the basis of currency has changed as well.
Plus, I take truth by how well people are able to predict. I heard there was supposed to be massive inflation, and I even said there would be.
There wasn't. Gold and silver did not skyrocket.
There has to be a point when you admit you don;t understand economics as much as you think you do.
As I said, a lot of paupers on a board claiming to understand economics.
Furthermore, whenever holes in austrian logic is pointed out, or examples of failings, it's either the old "real austrian economics haven;t been practiced" or "geeze, we need to change this and that too for austrian economics to work"