Experiment

For years I have asked any economics student in Europe if they know or study Austrian School economists and their theories.

The answer has always been no, that they are old economic theories and only Keynesianism is studied.

Saifedean is right in his book, the universities are financed with FIAT and impart Keynesian ideas, the universities are simple centers of indoctrination.

I do not know if this is the case in the United States, but Europe is clearly a covert communist system.

However, in Europe we still have monarchies, so we can't expect much.

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I’m not sure if I’d put it quite like that😅🤷‍♂️, but yes your inclination is correct. Silly and shallow pseudo-Keynesian/Marxist economic ideas are superfluous, Austrian economics and classical liberalism, much less anything that came after — market anarchy etc. — very rare. (But maybe increasing?)

I think Bitcoin who has made these ideas resurface, although at the academic level it is quite the opposite, at the academic level it has embraced what it called neo-communism.

On US side it just isn’t highlighted. I was lucky to have a HS teacher that brought up Austrian - I didn’t connect the dots until I was older.

true

Agreed, although the EU seems like a mix of communism and fascism from my vantage point. We basically never left the system of feudalism. Public-private partnerships sounds a whole lot like fascism, while central banking is a pillar of communism.

ESG policies have been called the social credit score systems of business. They allow full carte blanche for governments to reward or punish companies based on assumptions of climate alarmism or the sophistry of Marxist social theories, both of which require priestly castes of astrologers that can't be questioned.

Universities are 100% about indoctrination these days. Actually pretty much all of the government schools are. They don’t want to teach you how to think only what to think.

🎯

I believe there are professors in the U.S. that at least go over Austrian economics, but it's very rare.

When I was in high school, it was Keynesianism all the way. I don't know what they do now. Probably MMT or some other BS.

Money isn't discussed at all in high school economics classes. I first found out that the dollar was pure fiat in high school history. My immediate reaction was: "That's the stupidest thing I've ever heard. Why would anyone even accept it?" For a few days, I asked every adult I encountered about it. No one could give an adequate answer. Finally, I decided that it was obviously working, so I shouldn't worry about it. That worked until about 2007.