>-----Original Message-----
>From: Justin Schwartz [mailto:[EMAIL PROTECTED]]
>Sent: 11 February 2002 21:16
>To: [EMAIL PROTECTED]
>Subject: [PEN-L:22714] Re: Re: Re: Wishful thinking
>In the heyday of Keynesian, Hayek was a _young_ fossil; when he was an old
>fossil, he triumphed.
>jks
Over Keynes? I think not. An Austrian critique of Soviet-style central
planning is much more defensible than an Austrian critique of Keynesian
demand management. I was not aware that your Austrianism reached such
heights, jks!
How would you explain the recent conniptions in the NASDAQ in a manner
consistent with Austrian theory? The best I've seen the Austrians do seems
to be to do utter violence to their own concept of "malinvestment".
dd
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