"For those who would defend the free market ideology and excuse its failing as a consequence of human corruption and weakness of the structures of society, I’d warn them that this was exactly how Marxists explained away the failures of communist utopia. The theory is awesome, it’s the damn people who can’t get it right!"

https://alexkrainer.substack.com/p/why-governments-cant-balance-their

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Any economic or financial system that is not rooted in morality is going to fail. It is true for any system including the one based on Austrian school of economics.

Alex Krainer has one extremely difficult task to complete: become a human. Because now he is just an AI agent unable to distinguish between Salma Hayek and Friedrich Hayek. Internet is full of such generated crap. Thank you but no.

Do you really think Alex Krainer doesn't know who Friedrich Hayek is and who Selma Hayek is? That's his way to put a little fun in an article. I read his stuff since many years and he does things like this occasionally. Also in podcasts he often puts some funny things into the discussion. He's someone who doesn't take the things too seriously, especially not himself.

Of course this doesn't mean that I always agree with him, but who am I?

Fair point. I'm surely a miserable git who doesn't get much sense out of his sublime humour. 😂