The problem with this particular forum is that it seems that many (most?) of the posters don't really know the slightest thing about basic economics. Not the Austrian School, the Chicago School, Keynesian economcs, Paulsy Krugmanian, Bastiat, Hayek, Mises, Prescott, Lucas, zip. Nada. Nothing.
It reminds me of the people who will happily discuss US budgets and monetary policy, but don't know the first thing about fiat money, the Federal Reserve, what the power of the printing press actually means, or anything else. They are the same people that think that there is a Social Security "Trust Fund" and never pause to think what it would mean to loan money to themselves.
As a greater commentary, beyond this board, it's a very sad thing. This stuff is important.
It reminds me of the people who will happily discuss US budgets and monetary policy, but don't know the first thing about fiat money, the Federal Reserve, what the power of the printing press actually means, or anything else. They are the same people that think that there is a Social Security "Trust Fund" and never pause to think what it would mean to loan money to themselves.
As a greater commentary, beyond this board, it's a very sad thing. This stuff is important.
I would only like to say that you don't have to know such Schools to predict some event future etc. because thay can be all proven wrong like all theories. Ofc you can benefit from understanding of such things, but truth is everything we know can change in one day (and i'm not speaking only about economics).
It's like when i first saw forex markets and realize that cornerstone of world economics is pure gambling and whale manipulation at least for last 50 years
