By the Left Coast Rebel
Just read and digested a great post on Austrian economics at Reason.com. It's a great launching pad for limited-government advocates that need a good starting point of debate against those who blithely accept our nation's socialist-Keynes-dominated economic theory and the damage it has done to this nation.
Also, the author Sheldon Richman (of The Freeman publication) rather effectively points out the intellectual fallacies of Think Progress's Matthew Yglesias in regards to Austrian economics.
As we have noted over the years here at LCR, Yglesias epitomizes the straight-jacket
True to form, the Reason.com link above points out that in a recent Slate piece, Yglesias criticizes Austrian economics not for what the theory correctly holds, but rather what it does not. Read it and you'll see what I am talking about.
Updated: Saw this comment at the piece:
This commenter nails it. Leftists (and unfortunately many statist-rightists as well) such as Yglesias, defy an individual's basic freedom to pursue a wide diversity of aims, most notably economic. This out-and-out rejection of the most basic tenets of liberty and freedom is supplanted with an "enlightened" vision of what you and I must do, that, subsequently, is enforced by the barrel of a gun.
If you don't respect people's desire to pursue a wide diversity of aims by purposeful action, it's very hard to take Austrian Economics seriously.
Yglessias strikes me as someone who thinks that there is one enlightened way to go about life, and that people who don't share those goals or methods must be erring due to ignorance or malevolence. He appears to filter what he hears or reads through this mindset, discarding any idea or fact that contradicts it. His filter is so strong it's a reality distortion field.
And God forbid you dare disagree with their vision, for you are too stupid and too unenlightened to even fathom their vision, or to realize what is good for you: Because they say so.
Leftists like Yglesias are the true flat-earthers of this world.
Stubborn facts for active minds and non-flat-earther progressives:
@ Cato: Keynes Vs. Hayek: The Great Debate Continues
@ Cato: Not Keen on Keynes
@ Mises Institute: The Misesian Case Against Keynes