Timing vs Determinism. Most of us were in the 2020-2030 range. But it was obviou

Timing vs Determinism. Most of us were in the 2020-2030 range. But it was obvious by the late nineties and the rough time fame certain by the early 00s.

Financial econon worries about timing.
Fed econ worries about trends.
Political econ worries about cycles.

2008 proved the last of the outstanding austrian theories.

The only difference now is that we remain operationalists and social scientists while the freshwater remain insurers and saltwater the exploiters.

Unfortunately the scientific context of austrian theory was poorly understood by its founders, and this misunderstanding of it’s place in the sciences continues.

And unfortunately the fact that austrian is often accessible by literary rather than scientific study, the popular end of the movement is stuck in some substantially ‘off’ assertions by the jewish austrians, and a failure of the christan austrians to complete the project.

Just as Babbage didn’t really know what he had done, niether did the Austrians. It was far more important than was obvious – and still is so.

Reply addressees: @WigginsSenor @BobMurphyEcon