Subnostr

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.

Cpt. Charisma 2y ago

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.

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