Source: Bet On It
by Matthew Gagnon
“Flashing back twenty years ago, I was a fairly typical self-described libertarian, and as such I used to describe myself as broadly ‘Austrian’ in philosophy. My attraction to Austrian economics had little to do with actually understanding it, but instead related to my perception of what Austrians represented in the broad debates about economic policy. In my mind, they were the rebellious champions of free markets and individual liberty doing battle against the mindless orthodoxy of Keynesian interventionist thought in economics and government. They were the challengers of conventional wisdom, and didn’t play nice in the sandbox with others. A perfect fit for my youthful non-conformism. In actuality, though, my grasp of economic theory was quite superficial.” (11/20/24)