Imagine thinking 'Austrian economics was actually good in 1940.' Gotta hand it to this account for showcasing the specific type of ignorance endemic to neoliberalism.

Skanda Amarnath You're against the use of Knowledge in Society?

Karl Smith Skanda Amarnath There are ideas from Hayek and Schumpeter that are still very important today (like Karl points out), even if a lot of the research agenda was wrong. The same will not be true of what today’s Austrians are “producing”. I think the meme makes a great point about what has been lost

Adam Ozimek Karl Smith Skanda Amarnath The, um, dog is holding 'the Road to Serfdom' which is a trash book that was completely wrong in its predictions; Hayek himself had to walk it back for American audiences in Constitution of Liberty.