Funny Attack on Mises

I usually ignore attacks on Mises from low-traffic web sites (and it’s a little old), but this one is just too inane to ignore. At IFA Magazine, which bills itself a magazine for “today’s discerning financial and investment professional,” there’s a small attack piece on Mises which would be funny if I didn’t know that some people might actually believe the stuff repeated here.

This sentence tells you all you need to know:

Philosopher, economist, sociologist, classical liberal and founder of the Austrian School which later produced Friedrich Hayek, the ‘father of monetarism’.

Actually, I’m not entirely sure that first sentence is in fact a sentence.  But whatever. The important thing here is that I just learned from the sentence fragment that Hayek is the “father of monetarism.” Fascinating.

For a good time, read the rest of this devastating attack at the heart of Austrian economics, which also asserts that Mises was wrong about economic calculation and Soviet-style socialism.

Comments

  1. “IFA Magazine is the online portal and magazine for Britain’s premier financial advisers.”

    Remind me to not invest in the UK. The GBP may be worth jack soon. Oh wait…

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