Simple comparison of the three economic schools. 1. Austrian school behavioral s

Simple comparison of the three economic schools.
1. Austrian school behavioral science under natural law: Observer. Do nothing.
2. Chicago or freshwater school attempt at insurance against volatility: Insurer. Do no harm.
3. NY or saltwater school attempt at manipulation to maximize employment, consumption velocity and growth despite exacerbating cycles: Manager. Try to do good, even if it causes harm, and we’ll fix it later.

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