Post
Topic
Board Economics
Re: On Marxism and the bitcoin energy consumption debate
by
aliashraf
on 15/09/2018, 08:41:03 UTC
instead of following stupid Austrian school advices and let governments to continue doing their job by creating money out of thin air.

Austrian economists typically have espoused the direct opposite view - certainly the more famous ones at least. A false statement in calling out false statements?
Although Austrian economists are at odds with state intervention as libertarian scholars, they are not principally opposed to central banks and fiat based monetary systems.

Austrian economists typically are against using inflation as a leverage for governments to intervene in the market but advocating for gold standard and abandoning central banks is not a common practice among them. They are libertarians not anarcho-capitalists.