“Economics is a living thing, and to live implies both imperfection and change.” (Ludwig von Mises)
— AXEC (@EgmontHandtke) July 7, 2026
Another platitude from von Mises.
Austrians in general, and von Mises in particular, never understood the profit mechanism, which is the pivotal feature of the market economy.…
You contradict me, but what is needed is a refutation. This is the difference between politics and science. Austrianism is the senseless repetition of methodological garbage, i.e., confused storytelling instead of consistent science.
— AXEC (@EgmontHandtke) July 8, 2026
Come back if you can refute the macroeconomic…