this post was submitted on 01 Jan 2025
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Reminds me of the subreddit r/austrian_economics in a nutshell. Even if you are not saying capitalism is bad, but merely pointing out where laissez faire capitalism is not nearly as good as advertised will get you branded a communist. Like tankies, but for capitalism.
God, the Austrian Cult of Economics is bizarre. My favorite part is where they explicitly reject evidence, conceptually ('praxeology').
Love that one. "Evidence disagrees with our theories? Don't worry, we have a theory for that! It's actually the evidence that's wrong."
Generally, you shouldn't brag that your theories are unfalsifiable.
Austrian economics is to economics what flat earth is to physics. Really anything useful that austrians contributed has made its way into modern econ101; everything else got left behind, so it is curious why someone wants to keep the school (its not but its a good rhetorical question)
I do love to ask them what government regulations forced xyz company to do this or that unethical thing that they have a monetary incentive todo. Its a whole missing the forest for the trees kind of discussion.